Cimarex Energy Co (XEC)

[Bart Myers]

Stifel Nicolaus is out with its report today on Cimarex Energy (NYSE: XEC), initiating XEC at Hold.

In a note to clients, Stifel Nicolaus writes, "Cimarex's 44% liquids weighting and relatively unhedged production growth makes XEC exposed to crude oil movements. This exposure, combined with our negative short-term (1-2 months) bias on crude oil prices makes XEC's stock price vulnerable for further corrections and is the key reason for our Hold rating."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/06/1170538/update-stifel-nicolaus-initiates-cimarex-energy-at-hold#ixzz1PM86q2AX