| Clayton Williams (CWEI) in Focus: Stock Plunges 17.8% - Tale of the Tape | |
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Clayton Williams Energy, Inc. (CWEI) saw a big move last session, as the company’s shares fell nearly 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $54.21 to $70.73 in the past one-month time frame.
On Feb 26, the company announced fourth-quarter adjusted earnings of 33 cents per share, below the year-ago quarter earnings as well as the Zacks Consensus Estimate.
This slump shouldn’t be too much of a surprise to investors, as the an independent oil and gas company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CWEI currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Midstates Petroleum Company, Inc. (MPO), holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WILLIAMS(C)ENGY (CWEI): Free Stock Analysis Report MIDSTATES PETRO (MPO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Clayton Williams Energy Inc.
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CODE : CWEI |
ISIN : US9694901011 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Clayton Williams Energy is a exploration company based in United states of america. Clayton Williams Energy holds various exploration projects in USA. Its main exploration property is SOUTHERN LOUISIANA in USA. Clayton Williams Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 2.6 billions as of today (€ 2.4 billions). Its stock quote reached its lowest recent point on November 22, 2002 at US$ 10.00, and its highest recent level on January 20, 2017 at US$ 146.85. Clayton Williams Energy has 17 630 000 shares outstanding. |