Shares of Cimarex Energy Co (NYSE:XEC) traded today at $76.39, eclipsing its 52-week high. So far today approximately 469,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex’s proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.
Over the past year, Cimarex Energy Co has traded in a range of $22.39 to $76.39 and is now at $74.84, 234% above that low.
Cimarex Energy Co has overhead space with shares priced $74.84, or 44.2% below the average consensus analyst price target of $134.16.
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