Cimarex Energy Reaches Analyst Target Price
January 08, 2021 at 08:36 AM EST
In recent trading, shares of Cimarex Energy Co (XEC) have crossed above the average analyst 12-month target price of $43.64, changing hands for $43.78/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..