Clayton Williams Energy Inc. (CWEI) VP Robert C. Lyon Sells 5,000 Shares
Clayton Williams Energy Inc. (NYSE:CWEI) VP Robert C. Lyon sold 5,000 shares of Clayton Williams Energy stock in a transaction on Monday, October 10th. The stock was sold at an average price of $90.41, for a total transaction of $452,050.00. Following the completion of the transaction, the vice president now directly owns 17,044 shares of the company’s stock, valued at $1,540,948.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Clayton Williams Energy Inc. (NYSE:CWEI) opened at 89.52 on Thursday. The stock has a 50 day moving average of $76.49 and a 200 day moving average of $40.01. The company’s market cap is $1.09 billion. Clayton Williams Energy Inc. has a 12-month low of $6.35 and a 12-month high of $91.63.
Clayton Williams Energy (NYSE:CWEI) last released 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 business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $35.62 million. During the same period in the previous year, the company earned ($1.05) EPS. Clayton Williams Energy’s quarterly revenue was down 42.3% compared to the same quarter last year. Equities research analysts predict that Clayton Williams Energy Inc. will post ($9.55) earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in CWEI. Creative Planning purchased a new stake in shares of Clayton Williams Energy during the third quarter worth about $171,000. 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 in the last quarter. 57.50% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on CWEI. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Wunderlich restated a “hold” rating and issued 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 shares of 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 shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, August 4th. Finally, Raymond James Financial Inc. upgraded shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Clayton Williams Energy presently has an average rating of “Hold” and an average 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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