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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: Billiam57 who wrote (426)2/22/1997 2:54:00 PM
From: Buzz Mills   of 1017
 
Bill,

Copy the URL from the Location and Paste it into the response. The $1.56 is an average of '96 estimates:

Paine Webber estimate of $1.78
Hanifen " " $1.74
Rodman " " $1.56 (left out 0.16 Q2 charge, s/b $1.72)
Morgan " " $1.15 (didn't perform any analysis)

The 0.61 average for the 4th quarter is:

Paine Webber estimate of $0.64
Hanifen " " $0.60
Rodman " " $0.58

ultra.zacks.com

It appears CWEI is coming in at $1.77. I think the impact will come from reporting earnings of $1.77 this year versus a loss of $1.31 last year and the PE showing up as 8. MIDLAND, Texas, Feb. 18 /PRNewswire/ -- Clayton Williams Energy, Inc. (Nasdaq-NMS: CWEI) announced today that it expects to report net income for 1996 of $13.2 million to $13.9 million, or $1.70 to $1.80 per share, compared to a net loss of $8,079,000, or $1.31 per share, for 1995. Cash flow from operating activities is expected to be approximately $40 million in 1996, up substantially from $24.2 million in 1995.

Buzz
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