Clayton Williams Energy Inc. (NYSE:CWEI) insider Michael L. Pollard sold 3,900 shares of the company’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $86.77, for a total value of $338,403.00. Following the completion of the sale, the insider now owns 22,200 shares of the company’s stock, valued at approximately $1,926,294. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. Clayton Williams Energy Inc. has a 52-week low of $6.35 and a 52-week high of $91.63. The stock’s 50 day moving average price is $74.36 and its 200 day moving average price is $38.30. The firm’s market capitalization is $1.03 billion.
Clayton Williams Energy (NYSE:CWEI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.40) by $0.42. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $35.62 million. During the same period last year, the business earned ($1.05) EPS. The company’s revenue was down 42.3% compared to the same quarter last year. On average, analysts predict that Clayton Williams Energy Inc. will post ($9.55) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. EAM Investors LLC purchased a new stake in Clayton Williams Energy during the second quarter valued at $2,565,000. Pine River Capital Management L.P. purchased a new stake in Clayton Williams Energy during the second quarter valued at $1,975,000. D L Carlson Investment Group Inc. purchased a new stake in Clayton Williams Energy during the second quarter valued at $1,866,000. Adage Capital Partners GP L.L.C. increased its stake in Clayton Williams Energy by 12.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 433,858 shares of the company’s stock valued at $3,870,000 after buying an additional 48,982 shares during the period. Finally, Sippican Capital Advisors increased its stake in Clayton Williams Energy by 140.2% in the second quarter. Sippican Capital Advisors now owns 45,100 shares of the company’s stock valued at $1,238,000 after buying an additional 26,323 shares during the period. 57.50% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CWEI. Zacks Investment Research downgraded Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Thursday. Wunderlich reiterated a “hold” rating and issued a $61.00 price objective (up previously from $35.00) on shares of Clayton Williams Energy in a report on Monday, September 19th. Roth Capital upgraded Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Tuesday, August 9th. Northland Securities upgraded Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a 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 report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.67.
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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