Boston, MA 04/01/2014 (wallstreetpr) – Clayton Williams Energy, Inc. (NYSE:CWEI) jumped more than 15 percent during trading Monday on the support of the positive note from SunTrust. The analysts placed their price target in the stock at $170, up from $145, and rated the stock a “buy.” According to SunTrust analysts, CWEI looks poised to benefit significantly from the upcoming results from Eagle Ford and Delaware Basin. The new price target stands at more than 74 percent price upside from the closing price of $97.88 Friday. On compared with the previous closing, the price target implies about 50 percent upside. Clayton Williams Energy, Inc. (NYSE:CWEI) last reported 53 cents earnings per share, missing the consensus of 86 cents EPS which analysts modeled for the quarter. Nonetheless, revenue was up at $112.27 million, against $110.80 million.
Into the issue of improper payments to influence business, it is emerging that there is more than Orthofix International NV (NASDAQ:OFIX) filed recently. The latest revelation is more detailed and claims that the company was tipped off about payments to doctors by its Brazil subsidiary to win business in the country. That happened after the company had already started investigations into the earlier tipoff about fixation business activities at its Brazil unit. The company is currently involving outside reviewers to look into potential bribery and violation of foreign corrupt practices act by its officials in Brazil. The latest developments around the stock of Orthofix International NV (NASDAQ:OFIX) have not been any helpful to the shares which tumbled during trading Monday. That happened just when the company reported last week that it suffered loss of 12 cents on revenue of $106.10 million, a revenue figure that missed consensus estimate at $117.40 million.
Advantage Oil & Gas Ltd (USA) (NYSE:AAV) had its price target lifted at TD Securities to $7 from $6.50. The firm went ahead to plant a ‘buy” recommendation on the stock. Following comments from about five rating firms, AAV has consensus “buy” rating and average price target of $5.43. Shares of the stock gained more than 1.23 during trading Monday and managed to touch a new 52-week high at $5.10.
