Cimarex Energy Co (NYSE:XEC) stocks downgraded – PDM, RRC

Northern, WI 04/02/2013 (usastockreport) – Cimarex Energy Co (NYSE:XEC) (Current $71.71, Down by 2.49%). The stock is trading 7.69% below its 52-week high of $79.69. The stock was downgraded by Global Hunter Securities to “Neutral” from “Buy”. The stock has rallied since past three months, when it started shedding some of its gains from the mid-March. In spite of the downfall the stock is trading safely above its 50 days moving average of $68.57. The RSI for the stock now currently stands at 54.64. XEC has a market capitalization of $6.37 billion, around 0.76 million shares exchanged hands in its last trading session. The total number of shares outstanding is 86.60 million shares and the beta of the stock is 1.67. The P/E Ratio of the stock is 19.80 compared to the industry average of 16.44.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) (Current $19.52, Down by 0.05%). The stock has been trending upwards since past one year and has continued to maintain its momentum. The stock is trading close to its 50 days moving average of $19.38. The RSI of the stock is now standing at 51.61. The stock is trading 2.11% below its 52-week high of $20.0. Stifel a research firm downgraded the stock from “Hold” to “Sell”. With about 167.56 million shares outstanding; 1.28 million shares exchanged hands in its last trading session. The P/E Ratio of the stock is 52.78, with EPS of $0.37. The beta of the stock is 0.37.

Range Resources Corp. (NYSE:RRC) (Current $79.43, down by 1.13%). The stock hit its new 52-week high of $83.15 on March 15, where from it turned around. The stock was downgraded by Global Hunter Securities from “Accumulate” to “Neutral” with new price target of $88 from $85. RRC announced the appointment of Mary Ralph Lowe as a new director, Mary Ralph Lowe has been the president and CEO of Maralo, LLC, a private oil and gas exploration and production company and ranching operation, since 1973. The stock is trading fairly above its 50 days moving average of $74.29, with an RSI of 58.30. With 162.84 million shares outstanding, around 1.17 million shares exchanged hands in its last trading session.

Like it? Share it!

Leave A Response