Today’s Stock On Watch: Does Clayton Williams Energy, Inc. Have More Gas After Making 52-Week High?

Today's Stock On Watch: Does Clayton Williams Energy, Inc. Have More Gas After Making 52 Week High?

The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) hit a new 52-week high and has $134.96 target or 50.00% above today’s $89.97 share price. The 7 months bullish chart indicates low risk for the $1.09 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $134.96 price target is reached, the company will be worth $545.00 million 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 417,679 shares traded hands. Clayton Williams Energy, Inc. (NYSE:CWEI) has risen 484.01% since February 29, 2016 and is uptrending. It has outperformed by 471.79% the S&P500.

Analysts await Clayton Williams Energy, Inc. (NYSE:CWEI) to report earnings on November, 2. They expect $-2.20 EPS, down 101.83% or $1.11 from last year’s $-1.09 per share. After $-2.82 actual EPS reported by Clayton Williams Energy, Inc. for the previous quarter, Wall Street now forecasts -21.99% EPS growth.

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. Roth Capital downgraded Clayton Williams Energy, Inc. (NYSE:CWEI) rating on Monday, November 16. Roth Capital has “Sell” rating and $40 price target. On Thursday, March 10 the stock rating was downgraded by Wunderlich to “Sell”. The firm has “Sell” rating by Wunderlich given on Friday, May 6. The rating was downgraded by Cowen & Co to “Underperform” on Friday, March 11. Wunderlich upgraded it to “Buy” rating and $84.0 target price in Friday, November 6 report. The firm has “Hold” rating given on Monday, September 19 by Wunderlich. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) earned “Outperform” rating by Northland Capital on Thursday, August 4. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) has “Sell” rating given on Tuesday, August 2 by Roth Capital. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) has “Hold” rating given on Thursday, August 4 by Wunderlich. The stock of Clayton Williams Energy, Inc. (NYSE:CWEI) has “Market Perform” rating given on Wednesday, July 27 by Raymond James.

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 2016 Q2. Its up 0.84, from 0.83 in 2016Q1. The ratio is positive, 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.
Wfg Advsr L P last reported 2,561 shares in the company. D E Shaw And Inc holds 133,512 shares or 0.01% of its portfolio. Great West Life Assurance Can reported 234 shares or 0% of all its holdings. Jpmorgan Chase Co owns 55 shares or 0% of their US portfolio. Blackrock Advisors Ltd has 0% invested in the company for 2,825 shares. Moreover, Alliancebernstein L P has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 9,600 shares. Federated Invsts Pa has invested 0% of its portfolio in Clayton Williams Energy, Inc. (NYSE:CWEI). Nationwide Fund Advsrs has 6,750 shares for 0% of their US portfolio. Eidelman Virant Cap holds 450,000 shares or 0.21% of its portfolio. Financial Bank Of Montreal Can accumulated 235 shares or 0% of the stock. Fir Tree holds 467,095 shares or 0.53% of its portfolio. Moreover, Barclays Public Ltd Company has 0% invested in Clayton Williams Energy, Inc. (NYSE:CWEI) for 2,700 shares. Citigroup Inc accumulated 0% or 661 shares. Millennium Ltd Limited Liability Company has 0.04% invested in the company for 636,028 shares. Eam Investors Ltd Liability has 0.39% invested in the company for 93,394 shares.

Insider Transactions: Since April 5, 2016, the stock had 4 insider purchases, and 2 selling transactions for $162.78 million net activity. The insider LYON ROBERT C bought 10,000 shares worth $98,329. The insider ARES MANAGEMENT LLC bought $128,609. $79,420 worth of Clayton Williams Energy, Inc. (NYSE:CWEI) was sold by FORD DAVIS L. RIGGS MEL G had bought 4,000 shares worth $37,760.

More notable recent Clayton Williams Energy, Inc. (NYSE:CWEI) news were published by: Bloomberg.com which released: “Clayton Williams Energy Said to Explore Potential Sale” on October 14, 2015, also Businesswire.com with their article: “Clayton Williams Energy, Inc. Announces Cash Tender Offer for up to $100 …” published on July 28, 2016, Businesswire.com published: “Clayton Williams Energy, Inc. Announces Expiration and Final Results of Tender …” on August 30, 2016. More interesting news about Clayton Williams Energy, Inc. (NYSE:CWEI) were released by: Seekingalpha.com and their article: “Clayton Williams Energy – An Interesting Name To Watch” published on September 26, 2016 as well as Businesswire.com‘s news article titled: “Clayton Williams Energy, Inc. Q1 2016 Results Conference Call” with publication date: April 21, 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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