A statement released earlier today by Wunderlich about Clayton Williams Energy Inc (NYSE:CWEI) bumps the target price to $61.00
- Updated: September 19, 2016
Clayton Williams Energy Inc (NYSE:CWEI) had its estimated target price upped to $61 by Wunderlich in an issued report announced 9/19/2016. The new target price implies a possible downside of -0.18% from the company’s previous stock close price.
Only yesterday Clayton Williams Energy Inc (NYSE:CWEI) traded 4.24% lower at $74.82. The company’s 50-day average is $57.13 and its 200-day moving average is $29.76. With the last close up 151.37% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Trade volume was was up over the average, with 705,245 shares of CWEI changing hands over the typical 548,303 shares..
Clayton Williams Energy Inc has a one-year low of $6.35 and a 52 week high of $77.90 and has a total market value of $0.0.
Also covering Clayton Williams Energy Inc’s target price, a total of 5 analysts have issued a ratings update on the company. The 12-month target is $9.40 with 0 rating the company a strong buy, one analyst rating the company a buy, three analyts rating the stock a hold, three firms rating the company to underperform, and lastly one analystrating the stock as sell.
Brief Synopsis About Clayton Williams Energy Inc (NYSE:CWEI)
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. Its segments include oil and gas exploration and production, and contract drilling services. It has holdings in approximately two oil shale plays in the United States, which include Wolfcamp Shale in the Southern Delaware Basin of West Texas and the Eagle Ford Shale in the Giddings Area of East Central Texas. It is also engaged in finding reserves through exploratory drilling. Its exploration program consists of generating exploratory prospects, leasing the acreage related to these prospects, drilling exploratory wells on these prospects to determine if recoverable oil and gas reserves exist, drilling developmental wells on these prospects and producing and selling any resulting oil and gas production. The Company’s estimated proved reserves are approximately 46, and 570 thousand barrels of oil equivalent.
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