Cimarex Energy Co (NYSE:XEC) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.26 per share.
Looking ahead, the full year income are expected at $ 0.70 per share on the revenues of $ 1529.41 million.
Previous Quarter Performance
Cimarex Energy Co revealed loss for the second quarter of $ 0.51 per share, from the revenue of $ 249.38 million. Wall street analysts are predicting, XEC to report 2Q20 loss of $ 0.49 per share from revenue of $ 306.05 million. The bottom line results missed street analysts by $ 0.02 or 4.08 percent, at the same time, top line results fell short of analysts by $ 56.67 million or 18.52 percent.
Stock Performance
Shares of Cimarex Energy Co traded low $ -0.01 or -0.04 percent on Tuesday, reaching $ 26.13 with volume of 1.38 million shares. Cimarex Energy Co has traded high as $ 27.21 and has cracked $ 25.29 on the downward trend
According to the previous trading day, closing price of $ 26.13, representing a 115.14 % increase from the 52 week low of $ 12.15 and a 52.72 % decrease over the 52 week high of $ 55.29.
The company has a market capital of $ 2.67 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 28th September 2020, upgraded by Bank of America to Buy from Neutral rating.
- On 14th September 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating, with $ 38.00 target price.
Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
