Cimarex Energy Co (XEC) : Traders are bullish on Cimarex Energy Co (XEC) as it has outperformed the S&P 500 by a wide margin of 0.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.36%, relative to the S&P 500. The stock has risen by 8.54% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.41% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 5.65%.The 200 Day SMA reached 24.94%
Cimarex Energy Co (NYSE:XEC): After opening at $132.05, the stock dipped to an intraday low of $130.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $135.41 and the buying power remained strong till the end. The stock closed at $134.37 for the day, a gain of 2.78% for the day session. The total traded volume was 993,420. The stocks close on the previous trading day was $134.37.
Cimarex Energy Co (XEC) : The most positive equity analysts on Cimarex Energy Co (XEC) expects the shares to touch $182, whereas, the least positive believes that the stock will trade at $81 in the short term. The company is covered by 27 Wall Street Brokerage Firms. The average price target for shares are $140.56 with an expected fluctuation of $22.27 from the mean.
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.