Standpoint Downgrades Cimarex Energy From Buy To Hold (XEC)

Standpoint Research has just downgraded shares of Cimarex Energy (NYSE: XEC) from a Buy to a Hold. Standpoint said that with the stock trading near its all time highs, the company is now fairly valued. The stock has appreciated 263% over the last 52 weeks. Cimarex (XEC) has a market cap of $5.12 billion.

Cimarex Energy Co. (XEC) is an independent oil and gas exploration and production company. The Company’s operations are mainly located in Texas, Oklahoma, New Mexico, Kansas, Louisiana and Wyoming.