Roth Capital Upgrades Clayton Williams Energy to Neutral

Brokerage firm Roth Capital Upgrades its rating on Clayton Williams Energy(NYSE:CWEI). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Roth Capital was issued on Aug 9, 2016.

In a different note, On Aug 4, 2016, Wunderlich said it Upgrades its rating on Clayton Williams Energy. The shares have been rated ‘Hold’ by the firm. On Aug 4, 2016, Northland Securities said it Upgrades its rating on Clayton Williams Energy. The shares have been rated ‘Outperform’ by the firm. On Aug 2, 2016, Roth Capital said it Maintains its rating on Clayton Williams Energy. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 27, 2016, Raymond James said it Upgrades its rating on Clayton Williams Energy. The shares have been rated ‘Market Perform’ by the firm.

Clayton Williams Energy (CWEI) made into the market gainers list on Wednesdays trading session with the shares advancing 8.84% or 5.46 points. Due to strong positive momentum, the stock ended at $67.25, which is also near the day’s high of $67.59. The stock began the session at $61.43 and the volume stood at 7,95,465 shares. The 52-week high of the shares is $70.87 and the 52 week low is $6.35. The company has a current market capitalization of $818 M and it has 1,21,69,536 shares in outstanding.

Clayton Williams Energy(CWEI) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $42.20M. Analysts had an estimated revenue of $34.98M. Earnings per share were $-2.82. Analysts had estimated an EPS of $-2.41.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Robert C Lyon (VP – Gas Gathering/Marketing) purchased 10,000 shares at $9.88 per share price.Also, 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.

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