Analysts’ recommendations for Cimarex Energy
Following Cimarex Energy’s (XEC) 1Q16 earnings release, Wall Street analysts updated their recommendations for the company for the next 12 months.
Consensus rating for Cimarex Energy
About 56.2% of Wall Street analysts rate Cimarex Energy (XEC) a “buy,” while ~34.4% rate it a “hold,” and ~9.4% rate it a “sell.” The average broker target price of $110.72 for Cimarex Energy implies a return of around -2.6% in the next 12 months.
Upstream peers EP Energy (EPE), Concho Resources (CXO), and Newfield Exploration (NFX) have average broker target prices of $4.21, $119.60, and $41.13, respectively. These figures imply returns of ~-71%, ~2.3%, and 11.2%, respectively, in the next 12 months.
Analysts’ high, low, and median target prices for XEC are $159, $82, and $110, respectively. Cimarex is a component of the Energy Select Sector SPDR ETF (XLE) and makes up ~0.8% of the fund.
Analysts’ target prices for XEC
Capital One Securities gave XEC one of the most optimistic target prices of $118, implying a return of around 3.8% in the next 12 months. Scotia Howard Weil also gave XEC an optimistic target price of $117, implying returns of around 2.9% in the next 12 months.
UBS (OUBS) and Evercore ISI gave XEC lower target prices of $110 each, implying returns of around -3.2% in the next 12 months. One of the lowest targets was given by Morgan Stanley (MS), which gave XEC a target price of $100, implying returns of around -12% in the next 12 months.