Clayton Williams Energy Inc. (CWEI) Insider Michael L. Pollard Sells 3,900 Shares
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 shares were sold at an average price of $86.77, for a total value of $338,403.00. Following the transaction, the insider now directly owns 22,200 shares in the company, valued at $1,926,294. The sale was disclosed in a document filed with the SEC, which is available at this link.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. The stock’s 50 day moving average price is $74.36 and its 200 day moving average price is $38.30. Clayton Williams Energy Inc. has a 1-year low of $6.35 and a 1-year high of $91.63. The stock’s market capitalization is $1.03 billion.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings results 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 had revenue of $42.20 million for the quarter, compared to the consensus estimate of $35.62 million. During the same period in the previous year, the company posted ($1.05) earnings per share. Clayton Williams Energy’s quarterly revenue was down 42.3% on a year-over-year basis. On average, equities research analysts predict that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in CWEI. Teachers Advisors Inc. raised its position 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 during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Clayton Williams Energy during the second quarter worth approximately $264,000. 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. BlackRock Institutional Trust Company N.A. raised its position 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 during the last quarter. Finally, BlackRock Fund Advisors raised its position 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 during the last quarter. 57.50% of the stock is owned by institutional investors.
CWEI has been the topic of a number of analyst reports. Zacks Investment Research cut Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Wunderlich reaffirmed 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. 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. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Finally, Roth Capital decreased their price target on Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating on the stock in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.67.
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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