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In Part 1 of this article, I discussed my own views on certain macroeconomic factors that investors should follow in 2018, including global and U.S production and pricing levels. (483-4)
Cimarex Energy Co. (NYSE:XEC) has 470 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 88,430,608 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, FMR LLC / Fidelity, Diamond Hill Capital Management Inc, Wellington Management Group Llp, State Farm Mutual Automobile Insurance Co, Waddell & Reed Financial Inc, Ameriprise Financial Inc, and Capital World Investors. (79-0)
At the start of the year I like to identify issues that I consider important in evaluating E&P companies during the year. (163-0)
Stocks hit all-time highs many times during 2017, and the last trading day of the year seems to be off to a strong start. The Dow Jones Industrial Average is up about 25% and the S&P 500 is up about 20%, if you include dividends. Now investors have to weigh what will come to pass in 2018, noting that they have been rewarded over and over for buying the dips at the same time that the bull market is almost nine years old. (212-0)
The stock has a five-year compound annual growth rate of 39%. For context, the stock has doubled every 18 months and has increased 515% since 2013. (88-1)
LONDON, UK / ACCESSWIRE / December 20, 2017 / Active-Investors free earnings report on Cimarex Energy Co. (NYSE: XEC) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=XEC. Cimarex Energy reported its third quarter fiscal 2017 (Q3 FY17) operating results on November 08, 2017. The oil and natural gas Company outperformed top- and bottom-line expectations and also provided guidance for the upcoming quarter and full year.
Credit Suisse has made some major changes to its oil and gas coverage universe. The firm initiated coverage on 38 exploration and production (E&P) companies, as well as the major oil producers. It turns out that the firm has issued more neutral and cautious calls combined than it has Outperform ratings. (54-0)
While it has long been thought that OPEC would continue the production cuts that were initially voted on this time last year, one thing has always been the worst kept secret in the industry. The production cuts needed the continued backing of Russia, which they appear to have. In fact, the Saudi Arabian oil minister, Khalid Al-Falih, noted recently that there was “no light between Russia and Saudi Arabia” and that they are completely united.
The number of Drilled But Uncompleted (DUC) wells in the Permian has surged over 114% the past 12 months. (96-0)
The following slide deck was published by Cimarex Energy Co. in conjunction with their 2017 Q3 earnings call.
Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, November 9. (130-0)
Cimarex Energy Company (XEC - Free Report) reported third-quarter 2017 earnings of $1.09 per share, which beat the Zacks Consensus Estimate of 97 cents. The figure also surpassed the prior-year quarter’s earnings of 41 cents. The improvement is mainly attributable to increased production and higher oil and liquids price realizations. Total Revenues Cimarex’s total revenues were $463.7 million, which beat the Zacks Consensus Estimate of $451 million. (36-0)
* Cimarex Energy Co - Q4 2017 production volumes are expected to average 1,175 - 1,225 mmcfe (195.8 - 204.2 mboe) per day
Cimarex Energy Co. (XEC - Free Report) is set to report third-quarter 2017 results on Nov 7, after the closing bell. (55-0)