Cimarex Energy Co (XEC) Shares are Up 1.39%

Cimarex Energy Co (XEC) has been under a strong bear grip, hence the stock is down -2.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.45% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.39% in the last 1 week, and is up 0.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.28% and the 50-Day Moving Average is 2.66%. Cimarex Energy Co. is up 10.31% in the last 3-month period. Year-to-Date the stock performance stands at 34.64%.


Cimarex Energy Co (NYSE:XEC): stock turned positive on Friday. Though the stock opened at $113.75, the bulls momentum made the stock top out at $120.32 level for the day. The stock recorded a low of $113.47 and closed the trading day at $120.02, in the green by 4.23%. The total traded volume for the day was 885,573. The stock had closed at $115.15 in the previous days trading.

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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