Clayton Williams Energy Reaches New 12-Month High at $96.39 (CWEI)
Clayton Williams Energy (NASDAQ:CWEI) shares hit a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $96.39 and last traded at $94.93, with a volume of 40,218 shares changing hands. The stock had previously closed at $90.07.
A number of research firms have recently commented on CWEI. Analysts at SunTrust upgraded shares of Clayton Williams Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th. They now have a $145.00 price target on the stock. Analysts at Global Hunter Securities upgraded shares of Clayton Williams Energy from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. They now have a $100.00 price target on the stock, up previously from $82.00. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.00.
The stock has a 50-day moving average of $75.28 and a 200-day moving average of $67.68. The company’s market cap is $1.151 billion.
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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