A statement released earlier today by Wunderlich Securities about Clayton Williams (NYSE:CWEI) bumps the target price to $61.00
- Updated: September 18, 2016
Boasting a price of $74.82, Clayton Williams (NYSE:CWEI) traded 4.24% lower on the day. The last close is up 151.37% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. Clayton Williams has registered a 50-day moving average of $57.13 and two hundred day moving average of $29.76. Trade volume was was up over the average, with 705,245 shares of CWEI changing hands over the typical 548,303 shares.
Stating a possible downside of -0.18%, Wunderlich Securities raised the price target of Clayton Williams (NYSE:CWEI) to $61
In addition to Wunderlich Securities reporting it’s stock price target, a total of 5 equity analysts have released a research note on the company. The consensus target price is $9.40 with 0 rating the company a strong buy, one analyst rating the company a buy, three firms rating the stock a hold, three analysts rating the company to underperform, and lastly one firm rating the stock as sell.
Clayton Williams has a one-year low of $6.35 and a 52 week high of $77.90. The company’s total market value is presently $0.0.
About Clayton Williams (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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