Clayton Williams Energy Rating Increased to Buy at Global Hunter Securities (CWEI)
Clayton Williams Energy (NASDAQ:CWEI) was upgraded by stock analysts at Global Hunter Securities from a “neutral” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $100.00 price target on the stock, up from their previous price target of $82.00. Global Hunter Securities’ price target would indicate a potential upside of 35.50% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Clayton Williams Energy from $58.00 to $83.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Separately, 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, October 25th. They now have a “hold” rating on the stock. Finally, 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, October 25th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Clayton Williams Energy currently has an average rating of “Buy” and a consensus price target of $88.50.
Clayton Williams Energy (NASDAQ:CWEI) opened at 73.80 on Tuesday. Clayton Williams Energy has a 1-year low of $35.30 and a 1-year high of $84.20. The stock has a 50-day moving average of $74.07 and a 200-day moving average of $55.75. The company’s market cap is $897.7 million.
Clayton Williams Energy (NASDAQ:CWEI) last announced its earnings results on Thursday, October 24th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.59) earnings per share. Clayton Williams Energy’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Clayton Williams Energy will post $-1.74 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.