DENVER, Nov. 6, 2013 /PRNewswire/ -- Cimarex Energy Co. (XEC) today reported third quarter 2013 net income of $138.4 million, or $1.59 per diluted share. This compares to 2012 third quarter net income of $84.3 million, or $0.97 per diluted share. Excluding the mark-to-market of open derivative positions, third quarter 2013 earnings were $1.62 per diluted share versus $1.01 per diluted share in the third quarter of 2012.
EPS beat my forecast by 8 cents.
I will update the forecast this evening. My eyes are getting tired from looking at this computer screen all day. Time for an "adult beverage".
XEC
Re: XEC
Cimarex Energy Co. (XEC): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.
My Fair Value Estimate for XEC has been raised to $135.30/share.
Recent success with longer horizontals in the Permian Basin make this one a lot more interesting.
My Fair Value Estimate for XEC has been raised to $135.30/share.
Recent success with longer horizontals in the Permian Basin make this one a lot more interesting.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group