Cimarex Energy (XEC +6.5%) surges after Q3 earnings fell 34% on a sharp drop in prices for gas...

|About: Cimarex Energy Co. (XEC)|By:, SA News Editor

Cimarex Energy (XEC +6.5%) surges after Q3 earnings fell 34% on a sharp drop in prices for gas and natural gas liquids, though revenue declined less than Wall Street expected. Production volume reached record high of $635MMcfe/day, up 7% Y/Y. Oil sales, which contributed most of the top line, jumped 24% to $263M.