Last $83.14 USD
Change Today +3.48 / 4.37%
Volume 175.6K
CWEI On Other Exchanges
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Exchange
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As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

clayton williams energy inc (CWEI) Snapshot

Open
$79.95
Previous Close
$79.66
Day High
$83.86
Day Low
$76.26
52 Week High
05/6/14 - $146.93
52 Week Low
01/29/14 - $65.88
Market Cap
1.0B
Average Volume 10 Days
236.6K
EPS TTM
$4.12
Shares Outstanding
12.2M
EX-Date
--
P/E TM
20.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CLAYTON WILLIAMS ENERGY INC (CWEI)

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clayton williams energy inc (CWEI) Details

Clayton Williams Energy, Inc., an independent oil and gas company, explores for and produces oil and natural gas primarily in Texas, Louisiana, and New Mexico. The company’s principal properties are located in the Permian Basin of West Texas and Southeastern New Mexico, and the Giddings Area in East Central Texas. As of December 31, 2013, it had estimated proved reserves of 70,015 thousand barrels of oil equivalent. The company also owns interests in and operates oil, natural gas, and water service facilities, which consist of approximately 351 miles of pipeline, 2 treating plants, 1 dehydration facility, and various wellhead type treating and/or compression stations. Clayton Williams Energy, Inc. was founded in 1991 and is headquartered in Midland, Texas.

466 Employees
Last Reported Date: 03/11/14
Founded in 1991

clayton williams energy inc (CWEI) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $858.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $576.3K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $739.2K
Vice President of Engineering
Total Annual Compensation: $576.3K
Vice President of Exploration
Total Annual Compensation: $488.4K
Compensation as of Fiscal Year 2013.

clayton williams energy inc (CWEI) Key Developments

Clayton Williams Energy, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Year Ending December 31, 2014

Clayton Williams Energy, Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $119,283,000 compared to $111,165,000 a year ago. Operating income was $45,565,000 compared to $33,918,000 a year ago. Income before income taxes was $42,991,000 compared to $16,852,000 a year ago. Net income was $27,429,000 or $2.25 per basic and diluted share compared to $10,951,000 or $0.90 per basic and diluted share a year ago. Net cash provided by operating activities was $86,678,000 compared to $70,995,000 a year ago. Additions to property and equipment were $127,750,000 compared to $74,916,000 a year ago. Adjusted net income was $17,410,000 or $1.43 per basic and diluted share compared to $15,098,000 or $1.24 per basic and diluted share a year ago. EBITDA was $78,117,000 compared to $68,648,000 a year ago. For the nine months period, the company reported total revenues of $373,783,000 compared to $316,948,000 a year ago. Operating income was $114,883,000 compared to operating loss of $11,962,000 a year ago. Income before income taxes was $75,467,000 compared to loss before income taxes of $49,980,000 a year ago. Net income was $48,148,000 or $3.96 per basic and diluted share compared to net loss of $31,287,000 or $2.57 per basic and diluted share a year ago. Net cash provided by operating activities was $211,745,000 compared to $153,881,000 a year ago. Additions to property and equipment were $311,968,000 compared to $208,022,000 a year ago. Adjusted net income was $52,072,000 or $4.28 per basic and diluted share compared to $23,352,000 or $1.92 per basic and diluted share a year ago. EBITDA was $236,513,000 compared to $183,982,000 a year ago. For the quarter, the company reported total production of 1,434 MBOE compared to 1,270 MBOE a year ago. Total (BOE/d) was 15,586 compared to 13,799 a year ago. Average daily oil production was 11,304 Bbls. Average daily gas production was 16,304 Mcf. Average daily natural gas liquids production was 1,565 Bbls. For the nine months period, the company reported total production of 4,243 MBOE compared to 3,886 MBOE a year ago. Total (BOE/d) was 15,541 compared to 14,236 a year ago. Average daily oil production was 11,330 Bbls. Average daily gas production was 15,725 Mcf. Average daily natural gas liquids production was 1,590 Bbls. The company provided production guidance for the fourth quarter and year ending December 31, 2014. For the fourth quarter, the company expected average daily oil production range of 12,400 Bbls to 12,600 Bbls, average daily gas production rang of 15,500 Mcf to 16,500 Mcf, average daily natural gas liquids production range of 1,600 Bbls to 1,700 Bbls and average daily total oil equivalents production range of 16,583 BOE to 17,050 BOE. For the year, the company expected average daily oil production range of 11,500 Bbls to 11,700 Bbls, average daily gas production rang of 15,500 Mcf to 16,500 Mcf, average daily natural gas liquids production range of 1,550 Bbls to 1,650 Bbls and average daily total oil equivalents production range of 15,633 BOE to 16,100 BOE.

Clayton Williams Seeks Acquisitions

Clayton Williams Energy, Inc. (NYSE:CWEI) is looking for acquisition opportunities. Mel Riggs, Director of Clayton Williams Energy,"We are continually looking to grow our acreage position in Reeves County, through hopefully acquisitions because there aren't many unleased acreage blocks in Reeves County in our area, but we do continue to try to acquire more acreage, because we're still happy with the play, and we only think it's going to get better over time."

Clayton Williams Energy, Inc. Provides Production Guidance for the Third Quarter of 2014

Clayton Williams Energy, Inc. provided production guidance for the third quarter of 2014. For the quarter, the company total oil and gas production, on a preliminary basis, is expected to average approximately 15,500 BOE per day (73% oil; 10% NGL) for the third quarter of 2014, with production from its Delaware Basin play averaging approximately 3,800 BOE per day (78% oil; 12% NGL) and its Eagle Ford play averaging approximately 2,900 BOE per day (94% oil; 3% NGL). In total, production for the third quarter of 2014 averaged approximately 350 BOE per day less than guidance estimates for the quarter. The mechanical setbacks in the Delaware Basin discussed above accounted for a shortfall of approximately 400 BOE per day. Production gains from the company's Eagle Ford, other Permian Basin and south Louisiana properties substantially offset shortfalls from the Delaware Basin.

 

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CWEI

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Valuation CWEI Industry Range
Price/Earnings 17.8x
Price/Sales 2.1x
Price/Book 2.4x
Price/Cash Flow 4.3x
TEV/Sales 0.7x
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