What analysts are targeting for Cimarex Energy
Let’s take a look at the high, low, average, and median analyst target prices for Cimarex Energy (XEC). XEC’s high target price stands at $182. Its low target price is $94, and its median target price is ~$129.
Cimarex Energy’s stock price on July 25, 2016, was $113.69. Compared to its current level, Cimarex Energy’s consensus target price of $129 indicates a return of ~13.5% over the next 12 months.
In comparison, Cimarex Energy’s peers Oasis Petroleum (OAS) and Newfield Exploration (NFX) have implied returns of 31% and 13%, respectively, over the next 12 months from median analyst targets. These companies make up 6.2% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).