Cimarex Energy Company (XEC): Today's Featured Basic Materials Winner

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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.5%. By the end of trading, Cimarex Energy Company rose $2.75 (2.8%) to $100.03 on average volume. Throughout the day, 1,286,262 shares of Cimarex Energy Company exchanged hands as compared to its average daily volume of 922,700 shares. The stock ranged in a price between $96.21-$100.30 after having opened the day at $97.18 as compared to the previous trading day's close of $97.28. Other companies within the Basic Materials sector that increased today were: Timberline Resources Corporation ( TLR), up 19.4%, Clayton Williams Energy ( CWEI), up 12.2%, NuStar GP Holdings ( NSH), up 11.4% and REX American Resources ( REX), up 9.6%.

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 $8.3 billion and is part of the energy industry. Shares are down 7.3% year to date as of the close of trading on Tuesday. 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, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Bill Barrett Corporation ( BBG), down 16.9%, Lightbridge ( LTBR), down 9.4%, Gold Standard Ventures ( GSV), down 8.4% and Hercules Offshore ( HERO), down 7.9% , were all laggards within the basic materials sector with Cabot Oil & Gas Corporation ( COG) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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