Cimarex upped to Buy at SunTrust as Permian presence not fully reflected [Seeking Alpha]
Cimarex Energy Co (XEC)
Last cimarex energy co earnings: 2/19 04:01 pm
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Source: Seeking Alpha
Cimarex upped to Buy at SunTrust as Permian presence not fully reflected - Cimarex Energy Co. (NYSE:XEC) | Seeking Alpha Energy Cimarex upped to Buy at SunTrust as Permian presence not fully reflected May 20, 2019 3:42 PM ET | Cimarex Energy Co. (XEC) Carl Surran Cimarex Energy's ( +0.2% upgrading shares to Buy 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, adding XEC's ability to operate within cash flow will allow the company to undertake internal and external initiatives such as aggressive debt repayment, dividend hikes and accretive acquisitions. Dingmann also says XEC offers "stable operations" with upside coming from its recent acquisition of Resolute Energy. Click to subscribe to real-time analytics on XEC Now read: Operating Leverage Is At Its Best With Baytex Energy » Subscribe
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