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Enter Symbol:
 
Cimarex Energy Co (XEC) [hlAlert]

Rating:
Mkt Perform
XEC
up 25.20 %

Cimarex Energy Co (XEC) downgraded to Mkt Perform by FBR Capital

Posted on: Wednesday,  Oct 23, 2013  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Cimarex Energy Co (NYSE: XEC) on 10/23/2013. Previously FBR Capital rated Outperform Cimarex Energy Co (NYSE: XEC)
on 08/27/2013., when the stock price was $82.79. Since then, Cimarex Energy Co has gained 25.21% as of 10/23/2013's recent price of $103.66.
If you would have followed the previous FBR Capital's recommendation on XEC, you would have gained 25.2% of your investment in 57 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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2013 8:25 AM Hold
None
103.66
as of 12/13/2013
1 Week   
1 Month   
3 Months up  14.35 %
1 YTD up  25.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/27/2013 8:25 AM Buy
None
82.79 120.00
3/20/2013 8:25 AM Hold
None
76.33 72.00
6/11/2012 8:25 AM Hold
None
50.01 57.00
10/14/2011 8:25 AM Hold
None
59.44 75.00
12/10/2009 8:25 AM Hold
None
46.78 50.00

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