Cimarex Energy: A Good Value At Its Current Share Price [Seeking Alpha]
Cimarex Energy Co (XEC)
Last cimarex energy co earnings: 2/19 04:01 pm
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Source: Seeking Alpha
Cimarex Energy: A Good Value At Its Current Share Price Summary Cimarex increased its total production guidance by 3% and its oil production guidance by 1%. It is now projected to have roughly neutral cash flow in 2019 after dividend payments and at current strip prices. Cimarex's oil percentage is relatively low, so its projected results are affected by the larger declines in realised prices for natural gas and NGLs. Cimarex is trading at a very low multiple compared to historical levels, and I think it should still be worth $71 to $79 in the current oil pricing environment. Cimarex Energy ( XEC Cimarex's 2019 Outlook Cimarex has bumped up its production guidance for 2019 to a midpoint of 267,500 BOEPD, which is around 3% higher than its earlier guidance Oil prices have come down a bit, but Cimarex's 2019 outlook in more negatively affected by larger decreases in the expected realised prices for NGLs and natural gas (such as with the large Permian gas differentials). Only 31% of Cima
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