Large Outflow of Money Witnessed in Cimarex Energy Co

Cimarex Energy Co (XEC) : The value of composite uptick trades was $13.16 million, whereas, the value of composite downtick trades was $15.01 million. The uptick to downtick ratio stood at 0.88 with a negative money flow of ($1.85) Million during Wednesdays trading session. The block trades money flow was negative ($1.24 million). The transaction of the trades on downticks amounted to $1.24 million, which confirms investors selling on the strength of price. Cimarex Energy Co (XEC) gained 236 cents at $124.88, an increase of 1.93% over the previous days close.


Shares of Cimarex Energy Co. appreciated by 0.31% during the last five trading days but lost 3.31% on a 4-week basis. Cimarex Energy Co. is up 9.37% in the last 3-month period. Year-to-Date the stock performance stands at 44.89%.

Cimarex Energy Co (XEC) : 24 analysts are covering Cimarex Energy Co (XEC) and their average rating on the stock is 1.67, which is read as a Buy. 16 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cimarex Energy Co (XEC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cimarex Energy Co (NYSE:XEC): The stock opened at $123.53 and touched an intraday high of $129.33 on Wednesday. During the day, the stock corrected to an intraday low of $121.88, however, the bulls stepped in and pushed the price higher to close in the green at $129.08 with a gain of 5.35% for the day. The total traded volume for the day was 1,145,305. The stock had closed at $122.52 in the previous trading session.

Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma, Texas and New Mexico. The Companys exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarexs Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014, the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation, and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Companys Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.

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