Clayton Williams Energy, Inc. (CWEI)was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $33.69 to $45.85 over the past one-month time frame.
The stock has witnessed two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Clayton Williams carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the oil-us exp&prod industry is Warren Resources Inc. (WRES), sporting a Zacks Rank #1(Strong Buy).
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WILLIAMS(C)ENGY (CWEI): Free Stock Analysis Report
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