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Cimarex Energy Company (XEC): Today's Featured Energy Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cimarex Energy Company ( XEC) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Cimarex Energy Company fell $1.87 (-1.9%) to $95.07 on heavy volume. Throughout the day, 2,055,477 shares of Cimarex Energy Company exchanged hands as compared to its average daily volume of 1,030,700 shares. The stock ranged in price between $94.55-$97.48 after having opened the day at $97.21 as compared to the previous trading day's close of $96.94. Other companies within the Energy industry that declined today were: Andatee China Marine Fuel Services Corporat ( AMCF), down 12.7%, MagneGas Corporation ( MNGA), down 10.6%, Ivanhoe Energy ( IVAN), down 7.1% and KiOR ( KIOR), down 4.8%.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, New Mexico, and Kansas. As of December 31, 2012, the company owned an interest in 4,953 net productive oil and gas wells. Cimarex Energy Company has a market cap of $8.7 billion and is part of the basic materials sector. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are down 7.6% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Cimarex Energy Company a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Cimarex Energy Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Barnwell Industries ( BRN), up 15.2%, PostRock Energy ( PSTR), up 8.7%, Houston American Energy Corporation ( HUSA), up 6.8% and New Concept Energy ( GBR), up 6.7% , were all gainers within the energy industry with Schlumberger ( SLB) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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