SunTrust Increases Clayton Williams Energy Price Target to $58.00 (CWEI)
Investment analysts at SunTrust boosted their price objective on shares of Clayton Williams Energy (NASDAQ:CWEI) from $52.00 to $58.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price target suggests a potential downside of 0.31% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Clayton Williams Energy (NASDAQ:CWEI) from $44.00 to $63.00 in a research note to investors on Tuesday, July 30th. They now have a “hold” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Clayton Williams Energy (NASDAQ:CWEI) from $40.00 to $60.00 in a research note to investors on Friday, July 26th. Finally, analysts at Raymond James upgraded shares of Clayton Williams Energy (NASDAQ:CWEI) from an “underperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Clayton Williams Energy presently has a consensus rating of “Hold” and an average target price of $66.00.
Clayton Williams Energy (NASDAQ:CWEI) traded up 9.28% on Friday, hitting $58.18. The stock had a trading volume of 200,475 shares. Clayton Williams Energy has a 52 week low of $35.30 and a 52 week high of $59.10. The stock’s 50-day moving average is $51.9 and its 200-day moving average is $46.59. The company’s market cap is $707.7 million.
Clayton Williams Energy (NASDAQ:CWEI) last announced its earnings results on Thursday, July 25th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.48. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $92.75 million. During the same quarter last year, the company posted $2.70 earnings per share. Clayton Williams Energy’s revenue was down 5.4% compared to the same quarter last year. Analysts expect that Clayton Williams Energy will post $-2.46 EPS for the current fiscal year.
Clayton Williams Energy, Inc (NASDAQ:CWEI) is an independent oil and gas company engaged in the exploration for and production of oil and natural gas primarily in Texas, Louisiana and New Mexico.
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