The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) is a huge mover today! About 407,332 shares traded hands. Clayton Williams Energy, Inc. (NYSE:CWEI) has risen 906.56% since April 4, 2016 and is uptrending. It has outperformed by 905.47% the S&P500.
The move comes after 5 months positive chart setup for the $1.23 billion company. It was reported on Nov, 4 by Barchart.com. We have $134.40 PT which if reached, will make NYSE:CWEI worth $405.90 million more.
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. Clayton Williams has been the topic of 17 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) earned “Outperform” rating by Northland Capital on Thursday, August 4. Northland Capital maintained it with “Market Perform” rating and $52.0 target price in Monday, November 9 report. Raymond James downgraded the stock to “Underperform” rating in Wednesday, January 20 report. On Monday, March 14 the stock rating was maintained by Northland Capital with “Market Perform”. The firm has “Buy” rating given on Friday, November 6 by Wunderlich. The rating was maintained by Wunderlich on Friday, May 6 with “Sell”. The firm earned “Hold” rating on Monday, September 19 by Wunderlich. The rating was maintained by Northland Capital with “Market Perform” on Thursday, August 6. As per Tuesday, August 9, the company rating was upgraded by Roth Capital. TH Capital downgraded it to “Sell” rating and $40.0 target price in Monday, November 16 report.
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 Q2 2016. Its up 0.84, from 0.83 in 2016Q1. The ratio improved, 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.
Grt Capital Prtnrs Ltd Company has 5.39% invested in the company for 790,324 shares. Bnp Paribas Arbitrage has 0% invested in the company for 245 shares. Blackrock Fund Advisors accumulated 0% or 154,053 shares. Moreover, Federated Invsts Pa has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 189 shares. Invesco Ltd last reported 49,027 shares in the company. Pnc Financial Grp Inc Inc last reported 0% of its portfolio in the stock. Blackrock Lc has invested 0% of its portfolio in Clayton Williams Energy, Inc. (NYSE:CWEI). Parametric Portfolio Associate Limited Liability last reported 66,511 shares in the company. California State Teachers Retirement has 0% invested in the company for 12,524 shares. Millennium Ltd Liability Corporation, a New York-based fund reported 636,028 shares. Eidelman Virant accumulated 0.21% or 450,000 shares. Adage Cap Prtn Group Limited Co accumulated 25,714 shares or 0% of the stock. Shinko Asset Mngmt Limited holds 0.01% or 48,981 shares in its portfolio. Savings Bank Of New York Mellon last reported 48,897 shares in the company. Moreover, Teachers Advisors has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 9,734 shares.
Insider Transactions: Since May 11, 2016, the stock had 4 insider buys, and 6 selling transactions for $161.71 million net activity. Shares for $338,414 were sold by POLLARD MICHAEL L on Thursday, October 6. ARES MANAGEMENT LLC bought 5,145 shares worth $128,609. $79,420 worth of shares were sold by FORD DAVIS L on Tuesday, September 20. $452,050 worth of shares were sold by LYON ROBERT C on Monday, October 10.
More notable 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 with their article: “Clayton Williams Energy, Inc. Q3 2016 Results Conference Call” published on October 19, 2016, Seekingalpha.com published: “Clayton Williams Energy (Delaware) (CWEI) Q3 2016 Results – Earnings Call …” on November 04, 2016. More interesting news about Clayton Williams Energy, Inc. (NYSE:CWEI) were released by: Businesswire.com and their article: “Clayton Williams Energy Announces Third Quarter 2016 Financial Results” published on November 03, 2016 as well as Businesswire.com‘s news article titled: “Clayton Williams Energy, Inc. Announces Cash Tender Offer for up to $100 …” with publication date: July 28, 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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