Wunderlich Securities Downgrades Cimarex Energy (XEC) to Hold

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Go back to Wunderlich Securities Downgrades Cimarex Energy (XEC) to Hold

Cimarex Reports Third Quarter 2015 Results

November 3, 2015 6:00 PM EST

DENVER, Nov. 3, 2015 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported a third quarter 2015 net loss of $763.3 million, or $8.21 per diluted share, including a non-cash impairment of oil and gas properties.  The adjusted third quarter net loss was $14.4 million, or $0.15 per diluted share.(1)  Third quarter 2015 adjusted cash flow from operations was $178.6 million versus $439.7 million a year ago.(1) 

Total company production averaged 979 million cubic feet equivalent (MMcfe) per day during the third quarter, a four percent increase from third quarter 2014. Year-over-year oil volumes grew 15 percent, natural gas volumes decreased one... More