The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) hit a new 52-week high and has $137.45 target or 30.00% above today’s $105.73 share price. The 5 months bullish chart indicates low risk for the $1.29B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $137.45 price target is reached, the company will be worth $387.00M 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 64,352 shares traded hands. Clayton Williams Energy, Inc. (NYSE:CWEI) has risen 952.55% since April 5, 2016 and is uptrending. It has outperformed by 950.60% 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. $90 is the highest target while $6 is the lowest. The $34.50 average target is -67.37% below today’s ($105.73) stock price. Clayton Williams has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Roth Capital on Monday, November 16 to “Sell”. The rating was upgraded by Roth Capital to “Neutral” on Tuesday, August 9. The company was downgraded on Monday, November 16 by TH Capital. Raymond James downgraded the stock to “Underperform” rating in Wednesday, January 20 report. The rating was upgraded by Northland Capital to “Outperform” on Thursday, August 4. Northland Capital maintained the stock with “Market Perform” rating in Thursday, August 6 report. Wunderlich maintained it with “Sell” rating and $9 target price in Friday, May 6 report. Wunderlich maintained the stock with “Hold” rating in Monday, November 7 report. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) earned “Sell” rating by Roth Capital on Tuesday, August 2. The firm earned “Buy” rating on Friday, November 6 by Wunderlich.
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 Cap Prns Llc accumulated 5.39% or 790,324 shares. Manufacturers Life Insur The has invested 0% of its portfolio in Clayton Williams Energy, Inc. (NYSE:CWEI). The California-based California Public Employees Retirement System has invested 0% in Clayton Williams Energy, Inc. (NYSE:CWEI). Springbok Capital Management Limited Liability Corp has 1,220 shares for 0% of their US portfolio. Adage Prtn Grp Inc Ltd Liability Company holds 25,714 shares or 0% of its portfolio. Moreover, Rhumbline Advisers has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 8,664 shares. Ares Mgmt Limited Company owns 1.04M shares or 2.3% of their US portfolio. The Pennsylvania-based Nationwide Fund Advsr has invested 0% in Clayton Williams Energy, Inc. (NYSE:CWEI). Moreover, Amer Inc has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 3,433 shares. Blackrock Investment Mgmt Llc last reported 0% of its portfolio in the stock. Ameriprise Inc accumulated 0% or 50,584 shares. Tiaa Cref Inv Mngmt Limited Liability owns 14,892 shares or 0% of their US portfolio. California State Teachers Retirement last reported 12,524 shares in the company. Pnc Fincl Ser Grp Inc holds 0% of its portfolio in Clayton Williams Energy, Inc. (NYSE:CWEI) for 1,037 shares. Citigroup has invested 0% of its portfolio in Clayton Williams Energy, Inc. (NYSE:CWEI).
Insider Transactions: Since May 11, 2016, the stock had 3 insider purchases, and 6 insider sales for $152.46 million net activity. ARES MANAGEMENT LLC bought 158,237 shares worth $3.99M. $89,720 worth of shares were sold by FORD DAVIS L on Wednesday, October 12. POLLARD MICHAEL L also sold $338,414 worth of Clayton Williams Energy, Inc. (NYSE:CWEI) shares. Another trade for 5,000 shares valued at $452,050 was sold by LYON ROBERT C.
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, 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) were released by: Businesswire.com and their article: “Clayton Williams Energy, Inc. Announces Early Results of Tender Offer for Its …” published on August 11, 2016 as well as Businesswire.com‘s news article titled: “Clayton Williams Energy Announces Funding of $350 Million Term Loan from Funds …” with publication date: March 15, 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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