Paine Webber's CWEI Earnings Estimate
As a complete contradiction to the downward revision in '96
earnings published by Zacks a week ago, this is Paine Webber's
current estimate on CWEI and it shows an increase in earnings
estimates for both the year and the fourth quarter.
CLAYTON WILLIAMS ENERGY, INC., For year ending December 31
OPERATING SUMMARY 1996E Q4E
Production: Oil/Day 5,848 5,800
Gas (Mcf/Day) 15,140 14,600
EOB 8,371 8,233
Price: WTI Oil $22.14 $24.72
Differential 1.41 -1.10
Realized Oil Price $20.73 $23.62
Gas ($/Mcf) $2.41 $2.80
Differential $0.25 0.45
Realized Gas Price $2.66 $3.25
Operating Revenue 62,969 17,919
Operating Expenses 46,588 11,574
Operating Income 16,381 6,345
Reported Net Income 13,065 5,738
Net Income Per Share 1.83 0.69
Cash Flow Per Share 5.00 1.43
Shares Outstanding 7,784 8,356 |
