XEC: What Are Analysts Recommendations Post-1Q16?


May. 23 2016, Updated 5:04 a.m. ET

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.

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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.


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