Cimarex (XEC) Jumps: Stock Adds 7.1% in Session


Cimarex Energy Co. (NYSE:XEC) was a big mover last session with its shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend of the company since Dec 31, as the stock is now down over 5%.

This independent oil and gas exploration and production company has seen one negative estimate revision in the last 7 days. The Zacks Consensus Estimate has also moved lower over the same period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

Cimarex currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks worth considering in the oil and gas industry are Linn Co, LLC (NASD:LNCO), Legacy Reserves Lp (NASD:LGCY) and Cheniere Energy, Inc. (AMEX:LNG). While Linn Co. sports a Zacks Rank #1 (Strong Buy), Legacy Reserves and Cheniere Energy hold a Zacks Rank #2 (Buy).

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CIMAREX ENERGY CO (XEC): Free Stock Analysis Report

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