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. “
Other equities research analysts also recently issued research reports about the stock. Roth Capital raised shares of Clayton Williams Energy from a sell rating to a neutral rating and set a $49.00 price target on the stock in a research note on Tuesday, August 9th. Wunderlich raised shares of Clayton Williams Energy from a sell rating to a hold rating and upped their price target for the company from $15.00 to $35.00 in a research note on Thursday, August 4th. Northland Securities raised shares of Clayton Williams Energy from a market perform rating to an outperform rating in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. raised shares of Clayton Williams Energy from an underperform rating to a market perform rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $24.67.
Shares of Clayton Williams Energy (NYSE:CWEI) opened at 87.39 on Thursday. Clayton Williams Energy has a 52 week low of $6.35 and a 52 week high of $91.63. The company’s market cap is $1.06 billion. The stock’s 50 day moving average is $75.02 and its 200-day moving average is $39.31.
Clayton Williams Energy (NYSE:CWEI) last released its earnings results on Wednesday, August 3rd. The company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.40) by $0.42. Clayton Williams Energy had a negative return on equity of 36.30% and a negative net margin of 98.91%. The company earned $42.20 million during the quarter, compared to analysts’ expectations of $35.62 million. During the same period last year, the firm posted ($1.05) EPS. Clayton Williams Energy’s quarterly revenue was down 42.3% compared to the same quarter last year. On average, equities analysts anticipate that Clayton Williams Energy will post ($9.55) earnings per share for the current year.
In other Clayton Williams Energy news, insider Michael L. Pollard sold 3,900 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $86.77, for a total transaction of $338,403.00. Following the transaction, the insider now directly owns 22,200 shares in the company, valued at approximately $1,926,294. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Davis L. Ford sold 1,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $79.42, for a total transaction of $79,420.00. Following the transaction, the director now owns 1,000 shares in the company, valued at $79,420. The disclosure for this sale can be found here. 36.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. EAM Investors LLC acquired a new position in shares of Clayton Williams Energy during the second quarter valued at about $2,565,000. Pine River Capital Management L.P. acquired a new position in shares of Clayton Williams Energy during the second quarter valued at about $1,975,000. D L Carlson Investment Group Inc. acquired a new position in shares of Clayton Williams Energy during the second quarter valued at about $1,866,000. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 last quarter. Finally, Sippican Capital Advisors boosted its position in shares of 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 last quarter. Institutional investors own 57.50% of the company’s stock.
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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