Michael L. Pollard Sells 3,900 Shares of Clayton Williams Energy Inc. (CWEI) Stock
Clayton Williams Energy Inc. (NYSE:CWEI) insider Michael L. Pollard sold 3,900 shares of Clayton Williams Energy stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $86.77, for a total transaction of $338,403.00. Following the completion of the sale, the insider now directly owns 22,200 shares of the company’s stock, valued at $1,926,294. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. The stock’s market capitalization is $1.03 billion. The company’s 50-day moving average is $74.36 and its 200 day moving average is $38.30. Clayton Williams Energy Inc. has a 12-month low of $6.35 and a 12-month high of $91.63.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings results 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. The firm had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The company’s quarterly revenue was down 42.3% on a year-over-year basis. During the same period in the previous year, the company earned ($1.05) EPS. On average, equities research analysts expect that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. EAM Investors LLC bought a new stake in Clayton Williams Energy during the second quarter valued at approximately $2,565,000. Pine River Capital Management L.P. bought a new stake in Clayton Williams Energy during the second quarter valued at approximately $1,975,000. D L Carlson Investment Group Inc. bought a new stake in Clayton Williams Energy during the second quarter valued at approximately $1,866,000. Adage Capital Partners GP L.L.C. boosted 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 in the last quarter. Finally, Sippican Capital Advisors boosted 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 in the last quarter. 57.50% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on CWEI shares. Zacks Investment Research downgraded shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Wunderlich reissued a “hold” rating and set a $61.00 target price (up from $35.00) on shares of Clayton Williams Energy in a research report on Monday, September 19th. Raymond James Financial Inc. raised shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Northland Securities raised shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 4th. Finally, Roth Capital decreased their target price on shares of Clayton Williams Energy from $12.00 to $8.00 and set a “sell” rating for the company in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Clayton Williams Energy presently has an average rating of “Hold” and an average 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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