Clayton Williams Energy (CWEI) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Clayton Williams Energy (CWEI) : Currently there are 5 street experts covering Clayton Williams Energy (CWEI) stock. The most bullish and bearish price target for the stock is $92 and $35 respectively for the short term. The average price target of all the analysts comes to $58.2. The estimated standard deviation from the target is $21.09.
Also, In the latest statement by the brokerage house, Roth Capital upgrades its outlook on Clayton Williams Energy (NYSE:CWEI). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on August 9, 2016.
Clayton Williams Energy (NYSE:CWEI): After opening at $76.93, the stock dipped to an intraday low of $75.68 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $80.24 and the buying power remained strong till the end. The stock closed at $78.13 for the day, a gain of 3.98% for the day session. The total traded volume was 579,881. The stocks close on the previous trading day was $75.14.
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.