Clayton Williams Energy (CWEI) Releases Earnings Results, Misses Expectations By $-0.17 EPS

Clayton Williams Energy (CWEI) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-2.53 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $-2.36. The company posted revenue of $30.30 million in the period, 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. 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 closed down -0.26 points or -1.66% at $15.41 with 6,10,465 shares getting traded on Wednesday. Post opening the session at $15.8, the shares hit an intraday low of $14.82 and an intraday high of $17.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Clayton Williams Energy

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