Clayton Williams Energy Inc. (NYSE:CWEI) insider Michael L. Pollard sold 3,900 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $86.77, for a total transaction of $338,403.00. Following the completion of the sale, the insider now directly owns 22,200 shares of the company’s stock, valued at $1,926,294. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. The company’s market capitalization is $1.03 billion. The firm’s 50-day moving average is $74.36 and its 200-day moving average is $38.30. Clayton Williams Energy Inc. has a 1-year low of $6.35 and a 1-year high of $91.63.
Clayton Williams Energy (NYSE:CWEI) last issued its earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.40) by $0.42. The company 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 for the quarter was down 42.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.05) earnings per share. Analysts forecast that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
CWEI has been the subject of several research analyst reports. Roth Capital raised shares of Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 target price for the company in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James Financial Inc. raised shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Northland Securities upgraded shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Finally, Wunderlich reiterated a “hold” rating and issued a $61.00 price target (up from $35.00) on shares of Clayton Williams Energy in a research note on Monday, September 19th. 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. The stock has an average rating of “Hold” and a consensus target price of $24.67.
Several hedge funds have recently modified their holdings of the stock. 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 in the last quarter. Alliancebernstein L.P. bought a new stake in shares of Clayton Williams Energy during the second quarter worth about $264,000. D L Carlson Investment Group Inc. bought a new stake in shares of Clayton Williams Energy during the second quarter worth about $1,866,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Clayton Williams Energy by 15.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 181,953 shares of the company’s stock worth $4,996,000 after buying an additional 24,131 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Clayton Williams Energy by 12.5% in the second quarter. BlackRock Fund Advisors now owns 154,053 shares of the company’s stock worth $4,230,000 after buying an additional 17,128 shares in the last quarter. 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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