Oil and Gas
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CIMAREX ENERGY CO, also called Cimarex Energy, is an independent oil and gas exploration and production company. Its activities include drilling, completing and operating wells. Read More It operates through the following areas: Permian Basin, Mid-Continent, and Others in Oklahoma, Texas and New Mexico. The company was founded by F. H. Merelli in February 2002 and is headquartered in Denver, CO.
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Oil and Gas
Seeking AlphaMay 20
Cimarex upped to Buy at SunTrust as Permian presence not fully reflected
Cimarex Energy's (XEC +0.2% ) trend of development weighted increasingly to the Permian Basin likely will continue over the coming years and should bring the company's stock valuation closer to its Permian-weighted peers, SunTrust Robinson Humphrey says in upgrading shares to Buy from Hold and raising its price target to $85 from $75. XEC likely will continue to optimize its well spacing, maximize net present value and capital return, and simultaneously maintain low leverage, SunTrust's Neal Dingmann says,...
SunTrust Turns Bullish Cimarex Energy, Says Permian Development Not Fully Reflected In Share Price
Cimarex Energy Co (NYSE: XEC) has guided to allocating 85 percent of its drilling and completion budget to the Permian in 2019, according to SunTrust Robinson Humphrey.
Expected Aug 6, After Hours