NEW YORK ( TheStreet) -- Shares of Clayton Williams Energy (Nasdaq: CWEI) have taken a tremendous swing upward. The stock is trading at $78.16 as of 2:59 p.m. ET, 24.7% above Wednesday's closing price of $62.67. Volume is at 171,368, 1.5 times the daily average of 113,300.

Clayton Williams Energy has a market cap of $731 million and is part of the basic materials sector and energy industry. Shares are down 25.4% year to date as of the close of trading on Wednesday.

Clayton Williams Energy, Inc., an independent oil and gas company, engages in the exploration for and production of oil and natural gas primarily in Texas, Louisiana, and New Mexico. The company has a P/E ratio of 17.8, equal to the average energy industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Clayton Williams Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Clayton Williams Energy Ratings Report.

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