According to Zacks, “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. “
A number of other analysts have also recently commented on the company. Roth Capital upgraded Clayton Williams Energy from a sell rating to a neutral rating and set a $49.00 price target for the company in a research report on Tuesday, August 9th. Wunderlich upgraded Clayton Williams Energy from a sell rating to a hold rating and upped their price target for the stock from $15.00 to $35.00 in a research report on Thursday, August 4th. Northland Securities upgraded Clayton Williams Energy from a market perform rating to an outperform rating in a research report on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded Clayton Williams Energy from an underperform rating to a market perform rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Clayton Williams Energy currently has a consensus rating of Hold and a consensus target price of $24.67.
Clayton Williams Energy (NYSE:CWEI) opened at 87.39 on Thursday. The stock’s market capitalization is $1.06 billion. The company’s 50 day moving average price is $75.72 and its 200-day moving average price is $39.65. Clayton Williams Energy has a one year low of $6.35 and a one year high of $91.63.
Clayton Williams Energy (NYSE:CWEI) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.40) by $0.42. The firm had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The firm’s revenue was down 42.3% compared to the same quarter last year. During the same quarter last year, the company posted ($1.05) EPS. Analysts expect that Clayton Williams Energy will post ($9.55) earnings per share for the current year.
In other Clayton Williams Energy news, Director Ares Management Llc acquired 5,051,100 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was purchased at an average price of $29.70 per share, with a total value of $150,017,670.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael L. Pollard sold 3,900 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $86.77, for a total value of $338,403.00. Following the completion of the transaction, the insider now directly owns 22,200 shares of the company’s stock, valued at approximately $1,926,294. The disclosure for this sale can be found here. 36.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CWEI. Schwab Charles Investment Management Inc. raised its position in Clayton Williams Energy by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,224 shares of the company’s stock worth $556,000 after buying an additional 294 shares during the period. State Street Corp raised its position in Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock worth $931,000 after buying an additional 1,413 shares during the period. Teachers Advisors Inc. raised its position in Clayton Williams Energy by 18.5% in the second quarter. Teachers Advisors Inc. now owns 9,734 shares of the company’s stock worth $267,000 after buying an additional 1,519 shares during the period. BlackRock Investment Management LLC raised its position in Clayton Williams Energy by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 25,661 shares of the company’s stock worth $705,000 after buying an additional 3,400 shares during the period. Finally, Woodstock Corp acquired a new position in Clayton Williams Energy during the third quarter worth $558,000. 57.50% of the stock is owned by hedge funds and other institutional investors.
Clayton Williams Energy Company Profile
Clayton Williams Energy, Inc is an oil and gas company engaged in the exploration for and production of oil and natural gas. The Company operates in Texas, Louisiana and New Mexico. Its segments include oil and gas exploration and production, and contract drilling services. It has holdings in approximately two oil shale plays in the United States, which include Wolfcamp Shale in the Southern Delaware Basin of West Texas and the Eagle Ford Shale in the Giddings Area of East Central Texas.
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