Susquehanna Upgrades Cimarex Energy (XEC) to Positive

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Go back to Susquehanna Upgrades Cimarex Energy (XEC) to Positive

Cimarex Reports Third Quarter 2016 Results

November 2, 2016 4:01 PM EDT

DENVER, Nov. 2, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported third quarter 2016 operational and financial results and provided guidance for the fourth quarter and full-year 2016.  Cimarex also provided initial production guidance for 2017.  Highlights include:

Third quarter production of 947 MMcfe/day, slightly below company's guidance Full-year 2016 production estimate lowered to 960-970 MMcfe/day due to well completion timing and the duration of larger than anticipated completions 2017 production estimated to be 1,050 1,100 MMcfe/day; up 11 percent year-over-year at the mid-point Initial estimate of 2017 drilling and... More