Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: David Helms who wrote (576)	4/9/1997 10:36:00 AM
From: Buzz Mills	of 1017

Dave, Sorry to say, it is probably just another error by Zacks. Zacks rating system is based purely on the analysts recommendations. A Strong Buy is a 1, a Hold is a 3, a Sell is a 5. Currently Hanifen has a Strong Buy recommendation; Paine Webber, Morgan Keegan, and AMRO have Holds: 1 x 1 = 1, 3 x 3 = 9. 1 + 9 = 10/4 = 2.5. If another analyst went to a strong Buy, CWEI would have a 2.0 rating (2 + 6)/4 = 2.0. Zacks also has their own internal recommendation which had been a Strong Buy--maybe it went to a Hold, and then back to a Strong Buy and that caused the Daily Alert. I have noticed that the earnings estimate for this quarter and this year have been increased in Zacks, as a result of Hanifen's increase in estimates being factored in. Buzz

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