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Shares of Clayton Williams Energy (NASDAQ:CWEI) dropped 4.9% during mid-day trading on Tuesday after Wunderlich lowered their price target on the stock from $162.00 to $144.00, Stock Ratings Network reports. Wunderlich currently has a buy rating on the stock. Clayton Williams Energy traded as low as $105.56 and last traded at $106.29, with a volume of 134,082 shares trading hands. The stock had previously closed at $111.81.

Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities downgraded shares of Clayton Williams Energy from a “buy” rating to an “accumulate” rating in a research note on Friday, July 25th. They now have a $145.00 price target on the stock, down previously from $160.00. Separately, analysts at SunTrust raised their price target on shares of Clayton Williams Energy from $173.00 to $201.00 in a research note on Friday, July 11th. Finally, analysts at SunTrust cut their price target on shares of Clayton Williams Energy from $183.00 to $173.00 in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $140.25.

The stock has a 50-day moving average of $128.9 and a 200-day moving average of $113.2. The company has a market cap of $1.322 billion and a P/E ratio of 35.72.

Clayton Williams Energy (NASDAQ:CWEI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.45 by $0.68. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $122.43 million. During the same quarter last year, the company posted ($0.08) earnings per share. Clayton Williams Energy’s revenue was up 31.2% compared to the same quarter last year. Analysts expect that Clayton Williams Energy will post $5.00 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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