Clayton Williams Energy Inc. (NYSE:CWEI) Director Davis L. Ford sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $89.72, for a total value of $89,720.00. Following the completion of the sale, the director now owns 1,463 shares in the company, valued at $131,260.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 87.33 on Tuesday. The company’s 50 day moving average price is $78.64 and its 200 day moving average price is $41.96. Clayton Williams Energy Inc. has a 52-week low of $6.35 and a 52-week high of $91.96. The stock’s market capitalization is $1.06 billion.
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 company earned $42.20 million during the quarter, compared to the consensus estimate of $35.62 million. Clayton Williams Energy had a negative return on equity of 36.30% and a negative net margin of 98.91%. The company’s revenue was down 42.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.05) earnings per share. On average, equities research analysts anticipate that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.
Several equities research analysts have recently weighed in on the company. Wunderlich upgraded 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 report on Thursday, August 4th. Roth Capital reaffirmed a “sell” rating on shares of Clayton Williams Energy in a research note on Tuesday, July 12th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. 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. Finally, Zacks Investment Research lowered Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.67.
A number of hedge funds and other institutional investors have recently made changes to their positions in CWEI. Schwab Charles Investment Management Inc. raised its position in shares of 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 in the last quarter. State Street Corp increased its stake in Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock valued at $931,000 after buying an additional 1,413 shares during the last quarter. Teachers Advisors Inc. increased its stake in Clayton Williams Energy by 18.5% in the second quarter. Teachers Advisors Inc. now owns 9,734 shares of the company’s stock valued at $267,000 after buying an additional 1,519 shares during the last quarter. Creative Planning purchased a new stake in Clayton Williams Energy during the third quarter valued at $171,000. Finally, BlackRock Investment Management LLC increased its stake in Clayton Williams Energy by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 25,661 shares of the company’s stock valued at $705,000 after buying an additional 3,400 shares during the last quarter. 57.44% 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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