Clayton Williams Energy Inc. (CWEI) Stock Rating Reaffirmed by Wunderlich
Clayton Williams Energy Inc. (NYSE:CWEI)‘s stock had its “hold” rating restated by equities research analysts at Wunderlich in a report released on Monday. They currently have a $61.00 target price on the stock, up from their previous target price of $35.00. Wunderlich’s price objective points to a potential downside of 22.19% from the company’s previous close.
CWEI has been the subject of several other reports. Zacks Investment Research cut shares of Clayton Williams Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Roth Capital reaffirmed a “sell” rating on shares of Clayton Williams Energy in a research note on Tuesday, July 12th. Raymond James Financial Inc. raised shares of Clayton Williams Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Finally, Northland Securities raised shares of Clayton Williams Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.67.
Shares of Clayton Williams Energy (NYSE:CWEI) opened at 78.40 on Monday. The stock’s 50 day moving average price is $62.80 and its 200-day moving average price is $31.97. Clayton Williams Energy has a 52-week low of $6.35 and a 52-week high of $81.00. The stock’s market cap is $954.05 million.
Clayton Williams Energy (NYSE:CWEI) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.82) earnings per share 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 last year, the business earned ($1.05) earnings per share. The company’s revenue for the quarter was down 42.3% on a year-over-year basis. On average, analysts predict that Clayton Williams Energy will post ($9.55) earnings per share for the current fiscal year.
In related news, Director Ares Management Llc purchased 5,051,100 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were bought at an average price of $29.70 per share, for a total transaction of $150,017,670.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Davis L. Ford sold 9,341 shares of Clayton Williams Energy stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $54.04, for a total transaction of $504,787.64. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $162,120. The disclosure for this sale can be found here. 36.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Penn Capital Management Co. Inc. bought a new position in shares of Clayton Williams Energy during the second quarter worth $215,000. Rhumbline Advisers acquired a new position in Clayton Williams Energy during the second quarter valued at $238,000. Alliancebernstein L.P. acquired a new position in Clayton Williams Energy during the second quarter valued at $264,000. 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 last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Clayton Williams Energy during the second quarter valued at $451,000. Institutional investors own 57.50% of the company’s stock.
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.
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