Clayton Williams Energy (CWEI) : Ares Management added new position in Clayton Williams Energy during the most recent quarter end. The investment management firm now holds 125,000 shares of Clayton Williams Energy which is valued at $2.5 Million , the company said in a statement filed on May 12, 2016 with the SEC.Clayton Williams Energy makes up approximately 0.22% of Ares Management’s portfolio.
Other Hedge Funds, Including , Norges Bank reduced its stake in CWEI by selling 26,600 shares or 37.36% in the most recent quarter. The Hedge Fund company now holds 44,607 shares of CWEI which is valued at $883,219. Rhumbline Advisers sold out all of its stake in CWEI during the most recent quarter. The investment firm sold 8,741 shares of CWEI which is valued $152,793.
Clayton Williams Energy opened for trading at $24.38 and hit $25.99 on the upside on Friday, eventually ending the session at $25.76, with a gain of 7.15% or 1.72 points. The heightened volatility saw the trading volume jump to 3,34,765 shares. Company has a market cap of $313,499 M.
On the company’s financial health, Clayton Williams Energy reported $-2.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-2.36. The company had revenue of $30.30 million for the quarter, compared to analysts expectations of $31.53 million. The company’s revenue was down -52.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.71 EPS.
Many Wall Street Analysts have commented on Clayton Williams Energy. Company shares were Reiterated by Wunderlich on May 6, 2016 to “Sell”, Firm has raised the Price Target to $ 9 from a previous price target of $5 .Shares were Downgraded by Wunderlich on Mar 10, 2016 to ” Sell” and Lowered the Price Target to $ 6 from a previous price target of $66 .
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.