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Cimarex Energy Co (XEC) [hlAlert]

Rating:
Hold XEC
down 38.38 %

Cimarex Energy Co (XEC) downgraded to Hold by Stifel Nicolaus

Posted on: Monday,  Jul 2, 2012  9:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Hold Cimarex Energy Co (NYSE: XEC) on 07/02/2012. Previously Stifel Nicolaus rated Buy Cimarex Energy Co (NYSE: XEC) on
07/08/2011., when the stock price was $88.21. Since then, Cimarex Energy Co has lost 38.39% as of 07/02/2012's recent price of $54.35.
If you would have followed the previous Stifel Nicolaus's recommendation on XEC, you would have lost 38.38% of your investment in 360 days.

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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/2/2012 9:25 AM Hold
None
54.35
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -12.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/8/2011 8:25 AM Buy
None
88.21 105.00
6/15/2011 9:25 AM Hold
None
84.27

(*) Stock Price at the time of the recommendation.
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