Davis L. Ford Sells 1,000 Shares of Clayton Williams Energy Inc. (CWEI) Stock
Clayton Williams Energy Inc. (NYSE:CWEI) Director Davis L. Ford sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $79.42, for a total value of $79,420.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $79,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Clayton Williams Energy Inc. (NYSE:CWEI) traded up 6.57% during trading on Wednesday, reaching $83.55. 754,390 shares of the company’s stock traded hands. The firm’s 50 day moving average is $64.16 and its 200 day moving average is $32.34. The company’s market cap is $1.02 billion. Clayton Williams Energy Inc. has a 12 month low of $6.35 and a 12 month high of $83.91.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates 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 earned $42.20 million during the quarter, compared to the consensus estimate of $35.62 million. During the same period last year, the business earned ($1.05) EPS. The business’s revenue was down 42.3% on a year-over-year basis. Analysts anticipate that Clayton Williams Energy Inc. will post ($9.55) EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in CWEI. EAM Investors LLC purchased a new position in shares of Clayton Williams Energy during the second quarter worth approximately $2,565,000. Pine River Capital Management L.P. purchased a new position in shares of Clayton Williams Energy during the second quarter worth approximately $1,975,000. D L Carlson Investment Group Inc. purchased a new position in shares of Clayton Williams Energy during the second quarter worth approximately $1,866,000. Adage Capital Partners GP L.L.C. increased 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 worth $3,870,000 after buying an additional 48,982 shares during the period. Finally, Sippican Capital Advisors increased 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 worth $1,238,000 after buying an additional 26,323 shares during the period. 57.50% of the stock is owned by institutional investors.
CWEI has been the topic of several recent analyst reports. Roth Capital raised Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 target price on the stock in a report on Tuesday, August 9th. Zacks Investment Research cut Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Wunderlich reaffirmed 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock 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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