Market Overview

Dahlman Rose Comments On Cimarex 1Q11

Share:

According to Dahlman Rose, Cimarex Energy (NYSE: XEC) 1Q11 was largely in line with our expectations.

Dahlman Rose said that pricing was above expectations; production was in line with guidance and costs were a bit higher. “Similar to other E&P companies, weather impacted 1Q11 results, with two-thirds of the impact being in the Permian. Management lowered its 2011 production guidance by 10 MMcfepd to 605-635 MMcfepd (around 5% y/y production growth), and 2Q11 production is guided to be flat. Cimarex is trying to optimize fracking/completion techniques and the use of slow-flow has impacted near-term production.”

Cimarex Energy closed yesterday at $95.30.

 

Related Articles (XEC)

View Comments and Join the Discussion!

Posted-In: Cimarex Energy Dahlman RoseAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
LPXStephens & Co.Maintains28.0
WYStephens & Co.Maintains25.0
VStephens & Co.Maintains192.0
PROFCowen & Co.Initiates Coverage On15.0
TSCOStephens & Co.Maintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com