CJ - C&J Energy Services, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
12.45
+0.30 (+2.47%)
As of 3:59PM EDT. Market open.
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Previous Close12.15
Open12.34
Bid12.44 x 1000
Ask12.45 x 1400
Day's Range12.25 - 12.83
52 Week Range10.52 - 24.82
Volume812,961
Avg. Volume995,935
Market Cap809.973M
Beta (3Y Monthly)1.41
PE Ratio (TTM)N/A
EPS (TTM)-2.62
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.46
Trade prices are not sourced from all markets
  • GlobeNewswire3 hours ago

    Legal Investigation Alert: Halper Sadeh LLP is Investigating Whether the Sale of These Companies is Fair to Shareholders – CZR, BID, CJ, MSL

    NEW YORK, June 26, 2019 -- Halper Sadeh LLP, a global investor rights law firm, is investigating Caesars Entertainment Corporation (NASDAQ: CZR), Sotheby’s (NYSE: BID), C&J.

  • ACCESSWIRE6 hours ago

    URGENT ALERT: Monteverde & Associates PC Reminds Stockholders of its Investigation of the Following Acquisition

    NEW YORK, NY / ACCESSWIRE / June 26, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • GlobeNewswireyesterday

    MSL, CJ and TSS SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., June 25, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: MidSouth Bancorp, Inc. (NYSE: MSL) regarding possible violations of law.

  • Business Wireyesterday

    C&J ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of C&J Energy Services - CJ

    Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of C&J Energy Services to Keane Group, Inc.

  • Who's More Unpopular Than Frackers? The Guys Helping Them
    Bloombergyesterday

    Who's More Unpopular Than Frackers? The Guys Helping Them

    (Bloomberg Opinion) -- Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular:The oily water in which the services companies swim is the money that exploration and production firms spend – and it has dried up. Analysts at Morgan Stanley have just reduced their forecasts for upstream capital expenditure. In the title of the report, “Global Upstream Capex: Growth Still in the Cards,” that “Still” does most of the work.At around $65 a barrel, oil remains well below those triple-digit salad days of early 2014. Still, it’s about double where it was in early 2016, and yet there’s precious little sign of that in E&P capex budgets. Something structural has happened.E&P stocks are unpopular because a decade of high spending did wonders for oil and gas output, “energy dominance” and C-suite pay, but little for investors. So the latter have gone on strike, demanding evidence of a change of heart on the part of management teams, chiefly in the form of tighter spending and more generous payouts to shareholders. You can see the problem for oilfield services, which profited nicely from the E&P sector’s pre-2014 largesse.At the same time, E&P companies still like to grow, so the pressure to do more with less remains high (especially as activists have begun beating the drum on this). Last year’s surge in U.S. oil and gas production was the biggest achieved by any country ever, according to BP Plc, even as upstream capex there was still 22% below the level of 2014.E&P companies depend on their services providers to help achieve the productivity gains that have fueled the shale “miracle.” Yet the rewards for this – such as they are - have flowed overwhelmingly to the client, not the contractor. A decade ago, the oilfield services sector earned a return on capital employed that was more than 13 percentage points higher than the E&P sector, according to analysts at Evercore ISI. By 2018, the sectors had switched places, with services earning 7 percentage points less than their clients. That is some transfer of value.The oilfield services industry shares some pathologies with the E&P business. Contractors invested too heavily in the boom, creating excess capacity and bloated cost structures. When the crash hit, they prioritized market share, the standard response in expectation of an eventual rebound – and the rebound hasn’t taken off. General Electric Co.’s ill-timed foray into the business via Baker Hughes and Weatherford International Ltd.’s meandering shuffle into chapter 11 have provided unwelcome narratives for all this. Today, despite deals such as the recently announced merger between Keane Group Inc. and C&J Energy Services Inc., the sector remains fragmented, particularly in those areas such as pressure pumping that service the U.S. shale industry.Shale is a blessing and a curse. On one hand, it has accounted for all of the growth in global upstream capex since the trough in 2016 and is set to contribute 29% of the forecast growth from here through 2022. On the other, it is a fragmented corner of the business that is highly sensitive to oil prices and has flattened the cost curve across the global industry. Besides trade-war concerns, expectations of frackers taking advantage of any geopolitical spike in oil prices to boost production have helped to keep a lid on that spike, despite numerous provocations.The upshot is a very narrow band in oil prices between celebration and belt-tightening. Morgan Stanley estimates $50 oil in 2020, as opposed to $60, would cut expected cash flow from operations in the global upstream business by a fifth, translating to a 13% drop in capex – which would take it below 2016 levels.Faced with such sensitivities, investors aren’t willing to pay a premium. Bellwethers Halliburton Co. and Schlumberger Ltd. trade at Ebitda multiples similar to where they were in 2015, when spending was headed down, rather than being priced for growth. Spending should grind higher from here; even so, the sector faces a deep-rooted challenge. For E&P companies to win favor with investors again, they must adhere to a regimen that won’t help their contractors win any popularity contests.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Halliburton Stock Near 52-Week Low But Still Holds Promise
    Zacksyesterday

    Halliburton Stock Near 52-Week Low But Still Holds Promise

    Per Rystad Energy, big oilfield services players like Halliburton (HAL) have already begun raising prices for products and services. This is expected to boost their earnings going forward.

  • GlobeNewswireyesterday

    MERGER ALERT – GDI and CJ: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, June 25, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • ACCESSWIRE2 days ago

    URGENT: Monteverde & Associates PC Reminds Shareholders of the Investigation of the Following Sale

    NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire StateBuilding in New York ...

  • ACCESSWIRE2 days ago

    CJ, ARRY, BID INVESTOR ALERT: Halper Sadeh LLP Continues To Investigate Whether The Sale Of These Companies Is Fair To Shareholders - CJ, ARRY, BID

    NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating C&J Energy Services, Inc. (NYSE: CJ), Array BioPharma Inc. (NASDAQ: ARRY), ...

  • PR Newswire4 days ago

    URGENT ALERT: Monteverde & Associates PC Launches an Investigation Regarding the Following Merger

    NEW YORK , June 21, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...

  • GlobeNewswire5 days ago

    LTXB, CJ and BID SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., June 21, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: LegacyTexas Financial Group, Inc. (NASDAQ GS: LTXB) regarding possible.

  • The Zacks Analyst Blog Highlights: Keane, C&J, Phillips 66, Encana and Royal Dutch
    Zacks7 days ago

    The Zacks Analyst Blog Highlights: Keane, C&J, Phillips 66, Encana and Royal Dutch

    The Zacks Analyst Blog Highlights: Keane, C&J, Phillips 66, Encana and Royal Dutch

  • Oil & Gas Stock Roundup: C&J Energy-Keane Merger, Phillips 66 JVs & More
    Zacks8 days ago

    Oil & Gas Stock Roundup: C&J Energy-Keane Merger, Phillips 66 JVs & More

    C&J Energy Services (CJ) and Keane Group (FRAC) agreed to merge in an all-stock deal, while Phillips 66 (PSX) unveiled plans to form two pipeline project joint ventures for crude oil transportation.

  • Is C&J Energy Services, Inc (CJ) A Good Stock To Buy?
    Insider Monkey8 days ago

    Is C&J Energy Services, Inc (CJ) A Good Stock To Buy?

    Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 8 months is one of those periods, as the Russell 2000 […]

  • Can Consolidation Help Revive Oilfield Service Stocks?
    Zacks8 days ago

    Can Consolidation Help Revive Oilfield Service Stocks?

    The consolidation drive in the oilfield service space is reflected in the recent decision of C&J Energy (CJ) & Keane Group (FRAC) to merge and create a diversified oilfield services firm.

  • Houston's latest energy merger arranged in scale-hungry market
    American City Business Journals8 days ago

    Houston's latest energy merger arranged in scale-hungry market

    The $1.8 billion merger agreement between Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) was a deal born out of an environment hungry for scale. There haven’t been many oil field services mergers and acquisitions in recent years, said Joe Dunleavy, a Houston partner with London-based PricewaterhouseCoopers' deals practice. Companies in the space are under pressure to operate within cashflow, but many of them have had trouble doing so, Dunleavy said.

  • Why Tesla, C&J Energy Services, and CrowdStrike Holdings Jumped Today
    Motley Fool9 days ago

    Why Tesla, C&J Energy Services, and CrowdStrike Holdings Jumped Today

    The new week got off to a good start for the market overall.

  • GlobeNewswire9 days ago

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of C&J Energy Services, Inc. with Keane Group, Inc. is Fair to CJ Shareholders

    NEW YORK, June 17, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased C&J Energy Services, Inc..

  • PR Newswire9 days ago

    ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of C&J Energy Services, Inc.

    NEW YORK , June 17, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against C&J Energy Services, Inc. (NYSE: CJ) and its board of directors for breach of fiduciary duty concerning ...

  • Moody's9 days ago

    Keane Group Holdings, LLC -- Moody's says Keane's stock-for-stock merger with C&J is credit positive

    Moody's Investors Service ("Moody's") commented today that Keane Group, Inc.'s announced stock-for-stock merger wtih C&J Energy Services, Inc. is credit positive since it expects the transaction will be deleveraging, increase scale, and strengthen market position. Keane Group, Inc. is the parent company of Keane Group Holdings, LLC. For additional information, subscribers to Moody's research service are directed to the associated Moody's Issuer Comment for Keane Group Holdings, LLC, which can be found on the rating agency's website at www.moodys.com.

  • PR Newswire9 days ago

    Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether C&J Energy Services has obtained a Fair Price in its Sale to Keane Group, Inc.

    MILWAUKEE , June 17, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating C&J Energy Services (NYSE: CJ) for possible breaches of fiduciary duty and other violations of the law in connection with ...

  • Shares of C&J Energy Services Jump on Merger Announcement
    Motley Fool9 days ago

    Shares of C&J Energy Services Jump on Merger Announcement

    The oil services company is looking to bulk up by combining forces with Keane Group.

  • GlobeNewswire9 days ago

    C&J ENERGY SERVICES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

    WILMINGTON, Del., June 17, 2019 -- Rigrodsky & Long, P.A.: Do you own shares of C&J Energy Services, Inc. (NYSE: CJ)? Did you purchase any of your shares prior to June.

  • GlobeNewswire9 days ago

    C&J MERGER INVESTIGATION: Halper Sadeh LLP Announces Investigation Into Whether the Merger of C&J Energy Services, Inc. is Fair to Shareholders – CJ

    NEW YORK, June 17, 2019 -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of C&J Energy Services, Inc. (“C&J” or the.

  • Houston energy services cos. to combine, creating $1.8B company
    American City Business Journals9 days ago

    Houston energy services cos. to combine, creating $1.8B company

    Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) announced June 17 they plan to combine, creating a diversified oil field services provider valued at approximately $1.8 billion, including $255 million of net debt. The all-stock deal is expected to close in the fourth quarter of 2019, and the combined company will be owned 50-50 by Keane and C&J shareholders, according to a press release. A new name and ticker symbol for the combined company will be announced before the deal closes.