Cimarex Energy Rises On Unusually High Volume (XEC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Cimarex Energy Company (NYSE: XEC) is trading at unusually high volume Tuesday with 1.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.33 (+2%) at $66.28 as of 1:06 p.m. ET.

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Cimarex Energy has a market cap of $5.62 billion and is part of the basic materials sector and energy industry. Shares are up 12.5% year to date as of the close of trading on Friday.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, New Mexico, and Kansas. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cimarex Energy as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Cimarex Energy Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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