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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (651)4/30/1997 10:54:00 PM
From: Buzz Mills   of 1017
 
CWEI's Earnings Quarter-to-Quarter vs. Last Four Quarters vs. P/E Ratio
at a price of 12 1/4

1995 1996 1997
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
(-0.14) 0.72* (-1.78) 0.19 0.32 0.45 0.77 0.35
Last 4 quarters earnings(-1.31) (-1.01)(-0.55)(-0.82) $1.77 $1.93
P/E Ratio 0 0 0 0 0 0 6.9 6.3

*0.72 in 1995 Q3 consisted of -0.30 operating loss and one-time
gain of 1.02 from sale of property and equipment


CWEI's Earnings For The Year; Quarter to Quarter:

Oil Price Sold Gas Price Sold CWEI earnings
1996 First Quarter $18.71 482K $2.29 1462K 0.19
1996 Second Quarter $19.38 598K $2.53 1354K 0.32
1996 Third Quarter $21.19 521K $2.62 1367K 0.45
1996 Fourth Quarter $23.81 602K $3.16 1401K 0.77
1997 First Quarter $22.27 577K $2.93 1215K 0.35
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