Brean Capital Starts Cimarex Energy (XEC) at Hold

January 8, 2013 7:53 AM EST
Get Alerts XEC Hot Sheet
Price: $87.20 --0%

Rating Summary:
    25 Buy, 17 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Brean Capital initiates coverage on Cimarex Energy (NYSE: XEC) with a Hold.

"We are initiating coverage of Cimarex Energy with a Hold rating based on a lack of drilling inventory in its Bone Spring plays and the collapse in NGL prices which will continue to negatively impact its Cana- Woodford results."

For an analyst ratings summary and ratings history on Cimarex Energy click here. For more ratings news on Cimarex Energy click here.

Shares of Cimarex Energy closed at $61.21 yesterday.


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