Today, we feature Clayton Williams Energy Inc (NYSE: CWEI), an oil & gas explorer, as the top momentum gainer of the day since it gained more than 11% during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, CWEI was the top gainer in the U.S energy space gaining 12.2%. The stock closed yesterday at its 52-week high of $85.03 after touching an intraday high of $87.40, recording huge volumes of over 168,052 shares. During the past 5 trading sessions, CWEI rallied over 28% with daily average traded volumes of 73,695 shares, while the stock accumulated over 14% in the past one month with daily average volume of 35,867 shares. Recently, CWEI provided fourth quarter operational updates, reporting total average production of 14,883 BOE/D, up 8% over the previous quarter. Further, the company reported that based on the preliminary evaluations, its total estimated proved oil and gas reserves as of December 31, 2013 stood at 70.1 million barrels of oil equivalent (“MMBOE”), consisting of 48.6 million barrels of oil, 8.6 million barrels of NGL and 77.2 Bcf of natural gas. For 2014, the company guides production of 16,433 to 17,367 BOE of total oil equivalents. The company also plans to spend approximately $376.2 million on exploration and development activities during fiscal 2014.
Company Description:
Clayton Williams Energy Inc (NYSE: CWEI) and its subsidiaries explore for and produce oil and natural gas. The company’s activities are primarily located in Texas, Louisiana, and other southern states.
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