Replies to post #37 on Cimarex Energy Co (XEC)

[Timothy Smith]

Analysts keep upping its target price. Raymond James (NYSE:RJF) raised its target October 14 by $12 to $106. Others increasing the target price above $100 in October include Cowen & Company and Societe Generale to $110 and $112 respectively.

This type of herd mentality usually indicates another move is in the works. However, with its stock up 84% year-to-date through October 16, it's unlikely to be substantial; at least not in the next three to six months. Historically it's outperformed both the index and its E&P peers. That you can take to the bank.