Insider Selling: Clayton Williams Energy Inc. (CWEI) VP Sells 5,000 Shares of Stock
Clayton Williams Energy Inc. (NYSE:CWEI) VP Robert C. Lyon sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $90.41, for a total transaction of $452,050.00. Following the completion of the sale, the vice president now owns 17,044 shares of the company’s stock, valued at $1,540,948.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Clayton Williams Energy Inc. (NYSE:CWEI) traded up 2.44% on Wednesday, hitting $89.52. 262,153 shares of the stock were exchanged. The company’s market cap is $1.09 billion. Clayton Williams Energy Inc. has a one year low of $6.35 and a one year high of $91.63. The company’s 50 day moving average price is $76.49 and its 200-day moving average price is $40.01.
Clayton Williams Energy (NYSE:CWEI) last issued its earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.40) by $0.42. The business earned $42.20 million during the quarter, compared to analyst estimates of $35.62 million. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. Clayton Williams Energy’s revenue for the quarter was down 42.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.05) EPS. Equities research analysts predict that Clayton Williams Energy Inc. will post ($9.55) EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of CWEI. EAM Investors LLC acquired a new position in shares of Clayton Williams Energy during the second quarter worth $2,565,000. Pine River Capital Management L.P. purchased a new position in Clayton Williams Energy during the second quarter worth approximately $1,975,000. D L Carlson Investment Group Inc. purchased a new position in Clayton Williams Energy during the second quarter worth approximately $1,866,000. Adage Capital Partners GP L.L.C. increased its position 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 worth $3,870,000 after buying an additional 48,982 shares in the last quarter. Finally, Sippican Capital Advisors increased its position in 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 in the last quarter. Institutional investors own 57.50% of the company’s stock.
A number of research analysts have weighed in on 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 report on Tuesday, August 9th. 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. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Wunderlich raised shares of Clayton Williams Energy from a “sell” rating to a “hold” rating and lifted their price target for the company from $15.00 to $35.00 in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Clayton Williams Energy presently 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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