Zacks Investment Research downgraded shares of WILLIAMS(C)ENGY (CWEI) from OUTPERFORM to NEUTRAL on October 18, 2012, with a target price of $61.50.
Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company's proved oil and gas reserves are concentrated in the Cretaceous Trend, which extends from south Texas through east Texas, Louisiana and other southern states and includes the Austin Chalk, Buda, and Georgetown formations.
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