C&J Energy Services Ltd. (CJES) was Downgraded by Seaport Global Securities to ” Neutral”. Earlier the firm had a rating of “Speculative Buy ” on the company shares. Seaport Global Securities advised their investors in a research report released on Apr 19, 2016.
Many Wall Street Analysts have commented on C&J Energy Services Ltd.. C&J Energy Services Ltd. was Initiated by Nomura to “Neutral” on Apr 8, 2016. Shares were Reiterated by Cowen on Feb 25, 2016 to “Market Perform” and Lowered the Price Target to $ 2.25 from a previous price target of $5.50 .C&J Energy Services Ltd. was Downgraded by Citigroup to ” Neutral” on Feb 24, 2016.
On the company’s financial health, C&J Energy Services Ltd. reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $-0.62. The company had revenue of $427.50 million for the quarter, compared to analysts expectations of $432.93 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.
C&J Energy Services Ltd. closed down -0.13 points or -8.39% at $1.42 with 20,20,572 shares getting traded on Monday. Post opening the session at $1.4, the shares hit an intraday low of $1.35 and an intraday high of $1.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 13, 2015, Donald Jeffrey Gawick (COO) purchased 11,000 shares at $4.50 per share price. According to the SEC, on Nov 12, 2015, Theodore R. Moore (EVP & General Counsel) sold 38,618 shares at $5.12 per share price. On Mar 6, 2015, Michael A. Mccoy (officer ) sold 5,000 shares at $13.03 per share price, according to the Form-4 filing with the securities and exchange commission.