Clayton Williams Energy (CWEI) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 61

Clayton Williams Energy (CWEI) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 61 from a previous price target of $35 . Wunderlich advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Clayton Williams Energy. Company shares were Reiterated by Wunderlich on Sep 19, 2016 to “Hold”, Firm has raised the Price Target to $ 61 from a previous price target of $35 .Clayton Williams Energy was Upgraded by ROTH Capital to ” Neutral” on Aug 9, 2016. Clayton Williams Energy was Upgraded by Northland Capital to ” Outperform” on Aug 4, 2016.

On the company’s financial health, Clayton Williams Energy reported $-6.06 EPS for the quarter, missing the analyst consensus estimate by $ -3.64 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-2.42. The company had revenue of $42.20 million for the quarter, compared to analysts expectations of $35.81 million. The company’s revenue was down -42.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.05 EPS.

Clayton Williams Energy closed down -3.31 points or -4.24% at $74.82 with 705,245 shares getting traded on Friday. Post opening the session at $76.44, the shares hit an intraday low of $73.71 and an intraday high of $77.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 15, 2016, Davis L Ford (director) sold 9,341 shares at $54.29 per share price. According to the SEC, on Apr 8, 2016, Robert C Lyon (VP – Gas Gathering/Marketing) purchased 10,000 shares at $9.88 per share price. On Apr 6, 2016, Mel G Riggs (President) purchased 4,000 shares at $9.44 per share price, according to the Form-4 filing with the securities and exchange commission.

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 3190 gross (1491.9 net) producing oil and gas wells and owned leasehold interests in approximately 680000 gross (373000 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.

Clayton Williams Energy

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