Stock Worth Watching: Is Clayton Williams Energy, Inc. a Buy? The Stock Reaches 52-Week High Today

Stock Worth Watching: Is Clayton Williams Energy, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) hit a new 52-week high and has $150.91 target or 68.00% above today’s $89.83 share price. The 9 months bullish chart indicates low risk for the $1.17B company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $150.91 price target is reached, the company will be worth $795.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 170,040 shares traded hands. Clayton Williams Energy, Inc. (NYSE:CWEI) has risen 947.20% since March 31, 2016 and is uptrending. It has outperformed by 944.67% the S&P500.

Clayton Williams Energy, Inc. (NYSE:CWEI) Ratings Coverage

Out of 6 analysts covering Clayton Williams (NYSE:CWEI), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. $84.0 is the highest target while $6 is the lowest. The $29.67 average target is -66.97% below today’s ($89.83) stock price. Clayton Williams has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Northland Capital with “Market Perform” on Monday, November 9. Roth Capital upgraded Clayton Williams Energy, Inc. (NYSE:CWEI) on Tuesday, August 9 to “Neutral” rating. The company was downgraded on Monday, November 16 by Roth Capital. Wunderlich maintained the stock with “Hold” rating in Monday, September 19 report. The rating was downgraded by Wunderlich on Thursday, March 10 to “Sell”. The firm has “Market Perform” rating by Raymond James given on Wednesday, July 27. Northland Capital upgraded the stock to “Outperform” rating in Thursday, August 4 report. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) earned “Market Perform” rating by Northland Capital on Monday, March 14. The company was downgraded on Wednesday, January 20 by Raymond James. The firm has “Sell” rating by Roth Capital given on Tuesday, August 2.

According to Zacks Investment Research, “Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company’s proved oil and gas reserves are concentrated in the Cretaceous Trend, which extends from south Texas through east Texas, Louisiana and other southern states and includes the Austin Chalk, Buda, and Georgetown formations.”

Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.84, from 0.83 in 2016Q1. The ratio increased, as 11 funds sold all Clayton Williams Energy, Inc. shares owned while 13 reduced positions. 14 funds bought stakes while 26 increased positions. They now own 6.93 million shares or 21.45% more from 5.71 million shares in 2016Q1.
Manufacturers Life Insur The reported 4,511 shares or 0% of all its holdings. Int holds 3,433 shares or 0% of its portfolio. Vanguard Grp has 405,728 shares for 0% of their US portfolio. Ares Mngmt Llc holds 1.04 million shares or 2.3% of its portfolio. Alliancebernstein L P has 0% invested in the company for 9,600 shares. Moreover, Jpmorgan Chase has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 55 shares. Davidson Kempner Capital Lp last reported 333,636 shares in the company. Adage Cap Prtn Grp Inc Limited Liability Corporation holds 25,714 shares or 0% of its portfolio. Penn Cap Mgmt Com, a Pennsylvania-based fund reported 7,828 shares. State Bank Of New York Mellon accumulated 0% or 48,897 shares. The Massachusetts-based Geode Capital Mngmt Lc has invested 0% in Clayton Williams Energy, Inc. (NYSE:CWEI). Bridgeway, a Texas-based fund reported 134,600 shares. First Financial In accumulated 0.03% or 2,000 shares. Blackrock Institutional Tru Na holds 0% or 181,953 shares in its portfolio. Horizon Kinetics Ltd Liability Corp accumulated 0.01% or 15,952 shares.

Insider Transactions: Since May 11, 2016, the stock had 4 insider buys, and 6 insider sales for $161.71 million net activity. POLLARD MICHAEL L sold $338,414 worth of Clayton Williams Energy, Inc. (NYSE:CWEI) on Thursday, October 6. On Thursday, August 11 FORD DAVIS L sold $504,810 worth of the stock or 9,341 shares. $9.25M worth of Clayton Williams Energy, Inc. (NYSE:CWEI) was bought by ARES MANAGEMENT LLC on Wednesday, May 11. 5,000 Clayton Williams Energy, Inc. (NYSE:CWEI) shares with value of $452,050 were sold by LYON ROBERT C.

More important recent Clayton Williams Energy, Inc. (NYSE:CWEI) news were published by: Fool.com which released: “Clayton Williams Energy Inc. Rockets Higher on Asset Sale News” on October 25, 2016, also Finance.Yahoo.com published article titled: “Clayton Williams Energy, Inc. Q3 2016 Results Conference Call”, Businesswire.com published: “Clayton Williams Energy, Inc. Announces Cash Tender Offer for up to $100 …” on July 28, 2016. More interesting news about Clayton Williams Energy, Inc. (NYSE:CWEI) was released by: Businesswire.com and their article: “Clayton Williams Energy, Inc. Announces Early Results of Tender Offer for Its …” with publication date: August 11, 2016.

CWEI Company Profile

Clayton Williams Energy, Inc., incorporated on October 27, 1991, is an gas and oil firm engaged in the exploration for and production of oil and natural gas. The Firm operates in Texas, Louisiana and New Mexico. The Company’s divisions include gas and oil 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. The Firm is also engaged in finding reserves through exploratory drilling. The Company’s exploration program consists of generating exploratory prospects, leasing the acreage related to these prospects, drilling exploratory wells on these prospects to determine if recoverable gas and oil reserves exist, drilling developmental wells on these prospects and producing and selling any resulting gas and oil production.

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