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DENVER (AP) _ Cimarex Energy Co. (XEC) on Monday reported a first-quarter loss of $414.9 million, after reporting a profit in the same period a year earlier.
The Denver-based company said it had a loss of $4.84 per share. Losses, adjusted for asset impairment costs, came to 37 cents per share.
The results missed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The oil and natural gas company posted revenue of $361 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $386.8 million.
Cimarex shares have climbed 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $123.17, a climb of 4 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XEC at http://www.zacks.com/ap/XEC
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Keywords: Cimarex Energy, Earnings Report
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Cimarex Energy Co.
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CODE : XEC |
ISIN : US1717981013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cimarex Energy is a producing company based in United states of america. Cimarex Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 8.3 billions as of today (€ 7.2 billions). Its stock quote reached its highest recent level on May 23, 2018 at US$ 99.89, and its lowest recent point on September 30, 2021 at US$ 87.20. Cimarex Energy has 95 438 121 shares outstanding. |