Shares of Cimarex Energy Co (XEC) Rise to a New 52-Week High

IBN Spotlights
Friday, September 24, 2021 at 3:51pm UTC

Shares of Cimarex Energy Co (NYSE:XEC) traded today at $81.63, eclipsing its 52-week high. Approximately 312,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

In the past 52 weeks, Cimarex Energy Co share prices are bracketed by a low of $22.39 and a high of $81.63 and is now at $80.94, 262% above that low price.

Cimarex Energy Co has overhead space with shares priced $80.94, or 98.3% below the average consensus analyst price target of $4632.60.

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.

Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts

To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer