Clayton Williams Energy PT Raised to $83.00 (CWEI)
Equities research analysts at SunTrust lifted their price target on shares of Clayton Williams Energy (NASDAQ:CWEI) from $58.00 to $83.00 in a research note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price suggests a potential upside of 4.15% from the company’s current price.
Clayton Williams Energy (NASDAQ:CWEI) traded up 1.81% during mid-day trading on Friday, hitting $79.69. 106,589 shares of the company’s stock traded hands. Clayton Williams Energy has a one year low of $35.30 and a one year high of $60.55. The stock’s 50-day moving average is $52.66 and its 200-day moving average is $45.27. The company’s market cap is $969.3 million.
Clayton Williams Energy (NASDAQ:CWEI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.14. The company had revenue of $111.20 million for the quarter, compared to the consensus estimate of $96.26 million. During the same quarter in the prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Clayton Williams Energy will post $-2.03 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Clayton Williams Energy from $67.00 to $71.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Clayton Williams Energy from $83.00 to $100.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Clayton Williams Energy currently has an average rating of “Hold” and a consensus price target of $78.50.
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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