Clayton Williams Energy Inc. (NYSE:CWEI) Director Davis L. Ford sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $89.72, for a total value of $89,720.00. Following the completion of the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $131,260.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 85.49 on Wednesday. Clayton Williams Energy Inc. has a one year low of $6.35 and a one year high of $91.96. The stock’s market cap is $1.04 billion. The stock’s 50 day moving average price is $78.83 and its 200 day moving average price is $42.27.
Clayton Williams Energy (NYSE:CWEI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($2.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 quarterly revenue was down 42.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.05) EPS. Analysts forecast that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current year.
Several research analysts recently issued reports on CWEI shares. Zacks Investment Research cut Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Wunderlich reissued a “hold” rating and issued a $61.00 price objective (up previously from $35.00) on shares of Clayton Williams Energy in a research note on Monday, September 19th. Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Finally, Roth Capital dropped their price objective on Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Clayton Williams Energy has an average rating of “Hold” and a consensus price target of $24.67.
Several hedge funds have recently added to or reduced their stakes in CWEI. Creative Planning purchased a new stake in Clayton Williams Energy during the third quarter valued at approximately $171,000. Penn Capital Management Co. Inc. purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $215,000. Rhumbline Advisers purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $238,000. Alliancebernstein L.P. purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $264,000. Finally, Teachers Advisors Inc. raised its stake in shares of 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 last quarter. 57.44% of the stock is currently owned by hedge funds and other institutional investors.
About Clayton Williams Energy
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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