With the lowest PE in this category the market is anticipating poor results
Yep and even though it reported flat sequential numbers the stock is down $1 now. Don't get why the market expects more out of CJES yet prices it cheaper than the sector.
I would not get too excited about the after hour numbers. Only 3,206 shares have traded and only 1,400 have traded since the earnings were released.
Look Again !!
I hate to tell you this, but if they miss by a dime (which i predict), we'll see a PE below 5. The good news is-- Floyd Wilson at Halcon said fracturing service supply remains "tight."
If they report inline and talk about increasing competion and a pricing pressures, the PE will be 5.
The current bid and ask prices do not look to good right now. They are both way below the close numbers.