Clayton Williams Energy (CWEI) was Upgraded by Wunderlich to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $15 . Earlier the firm had a rating of “Sell ” on the company shares. Wunderlich advised their investors in a research report released on Aug 4, 2016.
Many Wall Street Analysts have commented on Clayton Williams Energy. Clayton Williams Energy was Upgraded by Northland Capital to ” Outperform” on Aug 4, 2016. Clayton Williams Energy was Upgraded by Raymond James to ” Mkt Perform” on Jul 27, 2016.
On the company’s financial health, Clayton Williams Energy reported $-6.06 EPS for the quarter, missing the analyst consensus estimate by $ -3.64 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-2.42. The company had revenue of $42.20 million for the quarter, compared to analysts expectations of $35.81 million. The company’s revenue was down -42.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.05 EPS.
Clayton Williams Energy opened for trading at $36.52 and hit $37.595 on the upside on Tusday, eventually ending the session at $35.84, with a gain of 0.87% or 0.31 points. The heightened volatility saw the trading volume jump to 4,14,624 shares. Company has a market cap of $436 M.
In a different news, on Apr 8, 2016, Robert C Lyon (VP – Gas Gathering/Marketing) purchased 10,000 shares at $9.88 per share price. According to the SEC, on Apr 6, 2016, Mel G Riggs (President) purchased 4,000 shares at $9.44 per share price. On Mar 19, 2015, Davis L Ford (director) purchased 1,000 shares at $75.38 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company holds interests in approximately 3190 gross (1491.9 net) producing oil and gas wells and owned leasehold interests in approximately 680000 gross (373000 net) undeveloped acres. Its domestic operations consist of conducting its drilling exploration and production activities in the United States. It focuses on developmental drilling. The Company is also engaged in finding reserves through exploratory drilling. Through its wholly owned subsidiary Desta Drilling L.P. the Company operates 14 drilling rigs two of which it leases under long-term contracts. Its areas of operations include the Permian Basin Giddings Area and other.