Clayton Williams Named SunTrust's Top Pick, Shares Rally +13.15%

SunTrust analyst Ryan Oatman named

top pick and raised the price target from $145.00 to $170.00. Oatman chose Clayton Williams as top pick following the company's "apparent success” by the private operator in Wolfcamp A, B and C “just north” of Clayton Williams position in Reeves County. The analyst added that the upcoming Delaware Basin and Eagle Ford results could show improving productivity. SunTrust maintained a Buy rating on Clayton Williams and raised the price target to $170.00, a 74% upside from Friday's close at $97.88. Shares of Clayton Williams Energy was up as much as 13.159% on Monday. The stock is up 19% YTD versus the EPX index up 2.4%.