Clayton Williams Energy Inc. (NYSE:CWEI) CFO Michael L. Pollard sold 2,100 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $89.69, for a total transaction of $188,349.00. Following the transaction, the chief financial officer now owns 21,100 shares in the company, valued at approximately $1,892,459. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 87.50 on Friday. Clayton Williams Energy Inc. has a 12 month low of $6.35 and a 12 month high of $91.63. The stock’s 50 day moving average price is $77.26 and its 200-day moving average price is $40.35. The stock’s market cap is $1.06 billion.
Clayton Williams Energy (NYSE:CWEI) last posted its earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($2.40) by $0.42. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. Clayton Williams Energy had a negative return on equity of 36.30% and a negative net margin of 98.91%. Clayton Williams Energy’s revenue for the quarter was down 42.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.05) EPS. Equities research analysts predict that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.
CWEI has been the topic of several research reports. Zacks Investment Research downgraded shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Wunderlich reiterated a “hold” rating and issued a $61.00 price target (up previously from $35.00) on shares of Clayton Williams Energy in a report on Monday, September 19th. Raymond James Financial Inc. upgraded shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Northland Securities upgraded shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Roth Capital cut their price target on shares of Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new position in Clayton Williams Energy during the third quarter valued at approximately $171,000. Woodstock Corp purchased a new position in Clayton Williams Energy during the third quarter valued at approximately $558,000. 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 valued at $556,000 after buying an additional 294 shares during the period. Pine River Capital Management L.P. purchased a new position in Clayton Williams Energy during the second quarter valued at approximately $1,975,000. Finally, Encompass Capital Advisors LLC raised its position in Clayton Williams Energy by 2.7% in the second quarter. Encompass Capital Advisors LLC now owns 458,545 shares of the company’s stock valued at $12,592,000 after buying an additional 11,945 shares during the period. 57.50% of the stock is currently owned by 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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