Large Inflow of Money Detected in Cimarex Energy Co

Cimarex Energy Co (XEC) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.24. The total value of inflow transactions on upticks was $21.93 million, whereas, the total value of outflow trades on downticks was $17.68 million. The total money flow was $4.25 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $5.03 million. The total value of the trades done on upticks was $7.48 million. Downticks saw transactions worth $2.45 million. The total uptick to downtick ratio stood at 3.05, mildly in favor of the bulls. Cimarex Energy Co (XEC) was trading with a -0.01% change over previous days close. It fell $0.01 during the day and reached $118.6. The stock was -0.71% compared to the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Cimarex Energy Co (NYSE:XEC). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $117 per share from a prior target of $116. The rating by the firm was issued on July 14, 2016.

Cimarex Energy Co (NYSE:XEC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $117.79 and $115.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $120.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.14, notching a gain of 0.45% for the day. The total traded volume was 1,050,233 . The stock had closed at $118.61 on the previous day.

The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 2.1%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Executive VP, COO) of Cimarex Energy Co, Albi Joseph R had sold 3,500 shares worth of $401,310 in a transaction dated June 14, 2016. In this transaction, 3,500 shares were sold at $114.66 per share.

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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