Clayton Williams Energy Inc. (CWEI) Insider Michael L. Pollard Sells 3,900 Shares
Clayton Williams Energy Inc. (NYSE:CWEI) insider Michael L. Pollard sold 3,900 shares of the 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 transaction, the insider now directly owns 22,200 shares of the company’s stock, valued at $1,926,294. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 84.44 on Friday. Clayton Williams Energy Inc. has a one year low of $6.35 and a one year high of $91.63. The stock’s market capitalization is $1.03 billion. The stock has a 50 day moving average price of $74.36 and a 200 day moving average price of $38.30.
Clayton Williams Energy (NYSE:CWEI) last posted its quarterly earnings data 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 company had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. Clayton Williams Energy had a negative return on equity of 36.30% and a negative net margin of 98.91%. The firm’s revenue was down 42.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.05) EPS. Equities analysts forecast that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current year.
A number of brokerages recently commented on CWEI. Zacks Investment Research lowered Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Wunderlich reaffirmed a “hold” rating and issued a $61.00 price objective (up from $35.00) on shares of Clayton Williams Energy in a research note on Monday, September 19th. Roth Capital raised Clayton Williams Energy from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a research note on Tuesday, August 9th. Northland Securities raised Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. raised Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.67.
A number of institutional investors have recently bought and sold shares of CWEI. Sippican Capital Advisors raised 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 valued at $1,238,000 after buying an additional 26,323 shares during the period. Adage Capital Partners GP L.L.C. raised 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 valued at $3,870,000 after buying an additional 48,982 shares during the period. State Street Corp raised its position in Clayton Williams Energy by 1.4% in the first quarter. State Street Corp now owns 104,391 shares of the company’s stock valued at $931,000 after buying an additional 1,413 shares during the period. EAM Investors LLC acquired a new position in Clayton Williams Energy during the second quarter valued at approximately $2,565,000. Finally, Teachers Advisors Inc. raised its position in Clayton Williams Energy by 18.5% in the second quarter. Teachers Advisors Inc. now owns 9,734 shares of the company’s stock valued at $267,000 after buying an additional 1,519 shares during the period. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
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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