Clayton Williams Energy Inc. (NYSE:CWEI) Receives Average Recommendation of “Hold” from Brokerages
Clayton Williams Energy Inc. (NYSE:CWEI) has been given an average rating of “Hold” by the eight brokerages that are covering the firm. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.50.
A number of brokerages recently commented on CWEI. Wunderlich restated a “hold” rating and set a $61.00 target price (up previously from $35.00) on shares of Clayton Williams Energy in a report on Monday, September 19th. Roth Capital upgraded Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 target price for the company in a report on Tuesday, August 9th. Northland Securities upgraded Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Raymond James Financial Inc. upgraded Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded Clayton Williams Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th.
In related news, Director Ares Management Llc bought 5,051,100 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were purchased at an average cost of $29.70 per share, with a total value of $150,017,670.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Davis L. Ford sold 1,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $79.42, for a total value of $79,420.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $79,420. The disclosure for this sale can be found here. 36.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in 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 in the last quarter. 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 worth $3,870,000 after buying an additional 48,982 shares in the last quarter. 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 worth $1,238,000 after buying an additional 26,323 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Clayton Williams Energy by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 48,897 shares of the company’s stock worth $1,343,000 after buying an additional 9,978 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Clayton Williams Energy during the second quarter worth approximately $451,000. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
Clayton Williams Energy (NYSE:CWEI) opened at 90.19 on Thursday. The firm’s 50-day moving average is $71.66 and its 200-day moving average is $36.48. Clayton Williams Energy has a 12-month low of $6.35 and a 12-month high of $91.10. The stock’s market capitalization is $1.10 billion.
Clayton Williams Energy (NYSE:CWEI) last announced its quarterly earnings data 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. Clayton Williams Energy had a negative net margin of 98.91% and a negative return on equity of 36.30%. The company earned $42.20 million during the quarter, compared to the consensus estimate of $35.62 million. During the same quarter in the previous year, the firm posted ($1.05) EPS. The business’s revenue for the quarter was down 42.3% compared to the same quarter last year. Analysts predict that Clayton Williams Energy will post ($9.55) EPS for the current fiscal year.
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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