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Cimarex Energy Co (NYSE:XEC) has been downgraded to Sell in a report by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Cimarex Energy Co (NYSE:XEC) to Sell in a statement released on 06/21/2017.

Having a price of $93.04, Cimarex Energy Co (NYSE:XEC) traded 0.01% higher on the day. With the last stock price close down -0.53% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $99.10 and a 200-day moving average of $107.28. 1,258,087 shares of XEC traded hands, up from an average trading volume of 1,153,010

Recent Performance Chart

Cimarex Energy Co (NYSE:XEC)

Cimarex Energy Co has 52 week low of $89.49 and a 52 week high of $146.96 with a PE ratio of 38.22 and has a market capitalization of $0.

In addition to Seaport Global Securities reporting its stock price target, a total of 32 brokerages have issued a ratings update on the company. The average stock price target is $126.19 with 7 brokerages rating the stock a strong buy, 13 brokerages rating the stock a buy, 11 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Cimarex Energy Co (NYSE:XEC)

Cimarex Energy Co. is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. Its Permian Basin region encompasses west Texas and southeast New Mexico. Its Mid-Continent region consists of Oklahoma and the Texas Panhandle. As of fiscal year ended December 31, 2016 (fiscal 2016), its activities in the Mid-Continent were focused in the Woodford shale and the Meramec horizon, both in Oklahoma. During fiscal 2016, production from the Mid-Continent averaged 457 millions of cubic feet equivalent (MMcfe) per day, or 47% of total company production. All of the Company's oil and gas assets are located in the United States. As of December 31, 2016, 63% of its total proved reserves were located in the Mid-Continent region and 37% were in the Permian Basin.

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