Brokerage Firm Rating Update on Clayton Williams Energy (CWEI)

Clayton Williams Energy (CWEI) : 6 analysts are covering Clayton Williams Energy (CWEI) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Clayton Williams Energy (CWEI) : The highest short term price target forecast on Clayton Williams Energy (CWEI) is $92 and the lowest target price is $35. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $58.2 with a standard deviation of $21.09.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Roth Capital, upgrades their rating on the shares of Clayton Williams Energy (NYSE:CWEI). Roth Capital has a Neutral rating on the shares. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on August 9, 2016.

Clayton Williams Energy (NYSE:CWEI): stock was range-bound between the intraday low of $67.49 and the intraday high of $72.66 after having opened at $69.88 on Wednesdays session. The stock finally closed in the red at $69.88, a loss of -1.82%. The stock remained in the red for the whole trading day. The total traded volume was 521,958 shares. The stock failed to cross $72.66 in Wednesdays trading. The stocks closing price on Thursday was $69.61.

Clayton Williams Energy, Inc. is an oil and gas company engaged in the exploration for and production of oil and natural gas. The Company operates in Texas, Louisiana and New Mexico. The Company holds interests in approximately 3,190 gross (1,491.9 net) producing oil and gas wells and owned leasehold interests in approximately 680,000 gross (373,000 net) undeveloped acres. Its domestic operations consist of conducting its drilling, exploration and production activities in the United States. It focuses on developmental drilling. The Company is also engaged in finding reserves through exploratory drilling. Through its wholly owned subsidiary, Desta Drilling, L.P., the Company operates 14 drilling rigs, two of which it leases under long-term contracts. Its areas of operations include the Permian Basin, Giddings Area and other.

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