Clayton Williams Energy Inc. (NYSE:CWEI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company’s proved oil and gas reserves are concentrated in the Cretaceous Trend, which extends from south Texas through east Texas, Louisiana and other southern states and includes the Austin Chalk, Buda, and Georgetown formations. “

Other equities analysts have also issued research reports about the stock. Wunderlich reissued 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, September 19th. Raymond James Financial Inc. raised shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Roth Capital raised shares of Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 price target for the company in a report on Tuesday, August 9th. Finally, Northland Securities raised shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $24.67.

Analyst Recommendations for Clayton Williams Energy (NYSE:CWEI)

Clayton Williams Energy (NYSE:CWEI) traded down 0.33% during trading on Wednesday, reaching $85.21. The company’s stock had a trading volume of 380,389 shares. The company’s 50 day moving average price is $78.83 and its 200 day moving average price is $42.27. Clayton Williams Energy has a 52 week low of $6.35 and a 52 week high of $91.96. The company’s market cap is $1.04 billion.

Clayton Williams Energy (NYSE:CWEI) last released its 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 return on equity of 36.30% and a negative net margin of 98.91%. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $35.62 million. During the same period in the prior year, the firm posted ($1.05) EPS. Clayton Williams Energy’s revenue was down 42.3% on a year-over-year basis. On average, equities analysts anticipate that Clayton Williams Energy will post ($9.55) earnings per share for the current fiscal year.

In other Clayton Williams Energy news, VP Robert C. Lyon sold 5,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $90.41, for a total transaction of $452,050.00. Following the sale, the vice president now directly owns 17,044 shares of the company’s stock, valued at approximately $1,540,948.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ares Management Llc purchased 5,051,100 shares of the business’s stock in a transaction on Monday, August 29th. The shares were acquired at an average cost of $29.70 per share, for a total transaction of $150,017,670.00. The disclosure for this purchase can be found here. 36.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake 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 during the period. State Street Corp boosted its stake in shares of Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock worth $931,000 after buying an additional 1,413 shares during the last quarter. Teachers Advisors Inc. boosted its stake 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. Creative Planning purchased a new stake in shares of Clayton Williams Energy during the third quarter worth about $171,000. Finally, Bank of Montreal Can boosted its stake in shares of Clayton Williams Energy by 865.1% in the third quarter. Bank of Montreal Can now owns 2,268 shares of the company’s stock worth $194,000 after buying an additional 2,033 shares during the last quarter. 57.44% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NYSE:CWEI

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