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Cimarex Energy (XEC) Crumbles: Stock Falls by 5.1%

Highs and Lows Stock Data

Cimarex Energy Co.XEC saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for XEC, as the stock is now down over 27% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the company has seen 6 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

XEC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors interested in the Oil-US Export & Production industry may consider better-ranked stock like Antero Resources Corporation AR , which carries a Zacks Rank #1 (Strong Buy).

Is XEC going up? Or down? Predict to see what others think: Up or Down

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CIMAREX ENERGY (XEC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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