Cimarex Energy Cos in-depth stock price analysis indicates that the stock price has rallied 4.79% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -1.08% . Looking at the past 52 week period, the stock price is up at 55.52% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cimarex Energy Co has a positive value of 39.71 compared to overall market. Cimarex Energy Co (NYSE:XEC) has tumbled 2.37% during the past week and has dropped 5.71% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.15%. Cimarex Energy Co (NYSE:XEC) has underperformed the index by 7.4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cimarex Energy Co (NYSE:XEC) : On Friday heightened volatility was witnessed in Cimarex Energy Co (NYSE:XEC) which led to swings in the share price. The stock opened for trading at $131.07 and hit $133.03 on the upside , eventually ending the session at $131.68, with a gain of 1.57% or 2.04 points. The heightened volatility saw the trading volume jump to 1,273,779 shares. The 52-week high of the share price is $146.96 and the company has a market cap of $12,505 million. The 52-week low of the share price is at $75.01 .
Cimarex Energy Co Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.37. The company had revenue of $335.70 million for the quarter, compared to analysts expectations of $339.83 million. The companys revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.15 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Feb 3, 2017 to Buy, Raises Price Target to $ 170 from a previous price target of $155 .Cimarex Energy Co was Downgraded by KLR Group to Hold on Jan 20, 2017. Cimarex Energy Co was Upgraded by Jefferies to Hold on Jan 17, 2017. Cimarex Energy Co was Downgraded by SunTrust to Hold on Jan 17, 2017. Cimarex Energy Co was Resumed by Iberia on Jan 12, 2017 to Outperform, Price Target of the shares are set at $160.
Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Thomas E Jorden (CEO and President) sold 2,500 shares at 137.57 per share price.On Dec 16, 2016, Francis Brian Barron (Sr VP-General Counsel) sold 1,512 shares at 137.83 per share price.On Dec 16, 2016, John Lambuth (SVP-Exploration) sold 18,696 shares at 138.35 per share price.
Cimarex Energy is an independent oil and gas exploration and production company focused on increasing shareholder value through strategies linked to generating attractive economic returns on capital employed and profitable growth in per-share reserves, production, and cash flow. They intend to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions. They have a diversified base of high-quality production along with attractive drilling opportunities.