C&J Energy Services Ltd. (CJES) Releases Earnings Results, Beats Expectations By $0.09 EPS

C&J Energy Services Ltd. (CJES) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $-0.70. The company posted revenue of $269.60 million in the period, compared to analysts expectations of $307.53 million. The company’s revenue was down -32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on C&J Energy Services Ltd.. C&J Energy Services Ltd. was Downgraded by KLR Group to ” Hold” on Apr 20, 2016. C&J Energy Services Ltd. was Downgraded by Seaport Global Securities to ” Neutral” on Apr 19, 2016. C&J Energy Services Ltd. was Initiated by Nomura to “Neutral” on Apr 8, 2016.

C&J Energy Services Ltd. opened for trading at $1.1 and hit $1.15 on the upside on Friday, eventually ending the session at $1.12, with a gain of 3.70% or 0.04 points. The heightened volatility saw the trading volume jump to 8,33,806 shares. Company has a market cap of $135 M.

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.

C&J Energy Services Ltd.

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