Shares of Cimarex Energy Co (XEC) Sees Large Inflow of Net Money Flow

Cimarex Energy Co (XEC) witnessed a selling pressure and the shares last traded with a loss of -2.11 points or -1.56% at $133.1. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $5.72 million with an inflow of $29.35 million in upticks and an outflow of $23.63 million in downticks. Using the data, the up/down ratio is found to be 1.24. The share price has recorded -4.55% on a weekly basis.A block trade of $3.95 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $3.95, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Cimarex Energy Co. has lost 4.59% in the last five trading days and dropped 1.77% in the last 4 weeks. Cimarex Energy Co. is up 3.38% in the last 3-month period. Year-to-Date the stock performance stands at -1.77%. Cimarex Energy Co (NYSE:XEC) witnessed a decline in the market cap on Wednesday as its shares dropped 1.26% or 1.71 points. After the session commenced at $136.13, the stock reached the higher end at $136.22 while it hit a low of $132.04. With the volume soaring to 1,278,378 shares, the last trade was called at $133.5. The company has a 52-week high of $146.96. The company has a market cap of $12,678 million and there are 94,964,174 shares in outstanding. The 52-week low of the share price is $75.01.

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 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.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.Cimarex Energy Co was Upgraded by Goldman to Buy on Dec 16, 2016.

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.


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