Clayton Williams Energy Inc. (NYSE:CWEI) insider Michael L. Pollard sold 3,900 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $86.77, for a total value of $338,403.00. Following the completion of the sale, the insider now directly owns 22,200 shares in the company, valued at approximately $1,926,294. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. Clayton Williams Energy Inc. has a 52 week low of $6.35 and a 52 week high of $91.63. The firm’s market cap 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 (NYSE:CWEI) last announced its earnings results on Wednesday, August 3rd. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $42.20 million for the quarter, compared to analyst estimates of $35.62 million. During the same quarter last year, the business posted ($1.05) EPS. The firm’s revenue was down 42.3% compared to the same quarter last year. Equities analysts expect that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in CWEI. Woodstock Corp purchased a new stake in shares of Clayton Williams Energy during the third quarter worth about $558,000. Penn Capital Management Co. Inc. purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $215,000. Rhumbline Advisers purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $238,000. Alliancebernstein L.P. purchased a new stake in shares of Clayton Williams Energy during the second quarter worth about $264,000. Finally, Teachers Advisors Inc. raised 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 period. Hedge funds and other institutional investors own 57.50% of the company’s stock.
A number of analysts have issued reports on CWEI shares. 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 research report on Tuesday, August 9th. Zacks Investment Research lowered Clayton Williams Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 4th. Finally, Wunderlich restated a “hold” rating and issued a $61.00 price target (up previously from $35.00) on shares of Clayton Williams Energy in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.67.
Clayton Williams Energy Company Profile