Global Hunter Securities upgraded shares of Clayton Williams Energy (NASDAQ:CWEI) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, TheFlyOnTheWall.com reports. The firm currently has $100.00 price target on the stock, up from their previous price target of $82.00. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on CWEI. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Clayton Williams Energy presently has an average rating of Buy and a consensus price target of $88.50.
Clayton Williams Energy (NASDAQ:CWEI) opened at 80.67 on Tuesday. Clayton Williams Energy has a one year low of $35.30 and a one year high of $84.20. The stock’s 50-day moving average is $74.59 and its 200-day moving average is $56.03. The company’s market cap is $981.3 million.
Clayton Williams Energy (NASDAQ:CWEI) last issued its quarterly earnings data 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.
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