C&J Energy Services Inc (CJES) 0.31 $CJES
Technical Coverage on Oil & Gas Equipment & Services Equities -- Synergy Resources, Baker Hughes, C&J Energy Services, and Superior Energy Services
PR Newswire - Thu Jun 16, 6:55AM CDT
On Wednesday, June 15, 2016, the NASDAQ Composite ended the trading session at 4,834.93, down 0.18%; the Dow Jones Industrial Average edged 0.20% lower to finish at 17,640.17; and the S&P 500 closed at 2,071.50, down 0.18%. However, six out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Synergy Resources Corporation (NYSE MKT: SYRG), Baker Hughes Inc. (NYSE: BHI), C&J Energy Services Ltd (NYSE: CJES), and Superior Energy Services Inc. (NYSE: SPN). Learn more about these stocks by accessing their free trade alerts at:
CJES: 0.31 (unch), SYRG: 6.41 (+0.09), SPN: 15.34 (+0.22), BHI: 47.21 (+0.53)
C&J Energy Services Appoints Don Gawick as President and Chief Executive Officer
PR Newswire - Wed Jun 15, 10:51AM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company"
today announced that the Board of Directors of the Company has appointed Don Gawick, C&J's current Chief Operating Officer, to the position of President and Chief Executive Officer. Mr. Gawick will also continue performing his existing duties as the Company's Chief Operating Officer. Mr. Gawick is a 37-year veteran of the oilfield services industry and has held numerous senior management positions over the course of his career since starting with Schlumberger in 1979. He previously served as President and Chief Executive Office of Casedhole Solutions, Inc., a premier wireline services company that C&J acquired in 2012. He has served as C&J's Chief Operating Officer since 2012, with responsibility for overseeing C&J's daily operations as a leading provider to the oil and gas industry.
CJES: 0.31 (unch)
C&J Energy Served Notice for Non Compliance of NYSE Rules
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:52AM CDT
C&J Energy Services, Ltd. (CJES) was recently sent a notice by the New York Stock Exchange (NYSE) for failing to satisfy the continued listing standard deemed necessary by the stock exchange.
CJES: 0.31 (unch), BAK: 11.20 (-0.11), MUSA: 73.43 (-1.04), EPE: 3.62 (+0.07)
C&J Energy Services Receives NYSE Continued Listing Standard Notice
PR Newswire - Fri Jun 03, 3:15PM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company" today announced that on June 2, 2016, the Company received written notice ("NYSE Notice" from the New York Stock Exchange ("NYSE" that the Company does not presently satisfy the NYSE's continued listing standard requiring the average closing price of the Company's common shares to be at least $1.00 per share over a 30 trading-day period. As noted in the NYSE Notice, as of May 26, 2016, the average closing price of the Company's common shares over the preceding 30 trading-day period was $0.97 per share.
CJES: 0.31 (unch)
C&J Energy Services Continues Discussions with Lenders; Enters into Forbearance Agreement Under its Credit Facilities
PR Newswire - Wed Jun 01, 5:30AM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company" today announced that, in connection with ongoing discussions with the lenders under its credit facilities, it has entered into a forbearance agreement with respect to the previously announced covenant violation, as well as with respect to the payment of interest and certain fees under the credit facilities. As previously reported in connection with the release of its first quarter 2016 results, the Company previously obtained a temporary limited waiver agreement from its lending group in respect of its violation of the quarterly minimum cumulative consolidated Bank EBITDA covenant required to be tested at March 31, 2016, effective from March 31, 2016 through May 31, 2016. Pursuant to the forbearance agreement, the lenders have agreed to forbear from exercising default remedies or accelerating any indebtedness through June 30, 2016 as a result of this covenant violation or any default that results from the non-payment of interest, commitment fees or letter of credit fees during this forbearance period. The forbearance agreement will provide the Company with additional flexibility to continue discussions with its creditors and other stakeholders regarding the Company's debt and capital structure.
CJES: 0.31 (unch)
C&J Energy Services Announces First Quarter 2016 Results
PR Newswire - Tue May 10, 3:38PM CDT
C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($428.4 million), or ($3.65) per diluted share, on revenue of $269.6 million for the first quarter of 2016, and an Adjusted Net Loss(1) of ($71.1 million), or ($0.61) per diluted share(1). Adjusted Net Loss(1) excludes the following, net of tax: a $337.0 million, or $2.87 per diluted share, impairment charge; a $8.6 million, or $0.07 per diluted share, charge related to severance, facility closures and other one-time costs; a $6.4 million, or $0.05 per diluted share, non-recurring charge related to share-based compensation; a $3.0 million, or $0.03 per diluted share, charge related to costs associated with the March 2015 combination (the "Nabors Transaction" of C&J Energy Services, Inc. with the completion and production services business of Nabors Industries Ltd.; a $1.2 million, or $0.01 per diluted share, customer settlement/bad debt write-off; and a $1.0 million, or $0.01 per diluted share, inventory write-down. Adjusted EBITDA(1) totaled ($31.8 million) for the first quarter of 2016.
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
Shares of Nabors Industries Slump 12% After a Weak Earnings Report
Tyler Crowe, The Motley Fool - Motley Fool - Tue Apr 26, 2:19PM CDT
Image source: Nabors Industries. What: Shares of Nabors Industries are down 12.3% as of 2:30 p.m. ET today after the company reported earnings that didn't meet expectations. So what: The biggest culprit of Nabors' earnings miss was the...
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
Nabors Announces First Quarter Results
PR Newswire - Mon Apr 25, 3:17PM CDT
Nabors Industries Ltd. ("Nabors" (NYSE: NBR) today reported first quarter 2016 operating revenues of $597.6 million, compared to operating revenues of $738.9 million in the fourth quarter of last year. Net income (loss) from continuing operations for the quarter was a loss of $396.6 million, or ($1.41) per diluted share, compared to a loss of $161.1 million, or ($0.57) per diluted share, last quarter. The net loss from continuing operations for the first quarter included a per share loss of $1.12 per share due to impairments to the carrying value of the Company's investment in C&J Energy Services, Ltd. ("C&J" (NYSE: CJES) and from our proportionate share of C&J losses from the prior quarter, as such losses are accounted for on a quarter lag basis.
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
C&J Energy Services Announces Timing of First Quarter 2016 Earnings Release and Conference Call
PR Newswire - Wed Apr 20, 6:00AM CDT
C&J Energy Services Ltd. (NYSE: CJES) announced today that it will issue its first quarter 2016 financial and operating results on Tuesday, May 10, 2016, after the market closes. In conjunction with this release, C&J Energy Services has scheduled a conference call for 10:00 a.m. E.T. (9:00 a.m. C.T.) on Wednesday, May 11, 2016, which will be webcast live. Information on how to access the conference call and webcast is set forth below:
CJES: 0.31 (unch)
Oil & Gas Stock Roundup: Companies Reveal More Job Cuts
Nilanjan Choudhury - Zacks Investment Research - Tue Mar 15, 3:46PM CDT
Downsizing in the energy sector continue unabated with National Oilwell Varco (NOV), Transocean (RIG) and C&J Energy Services (CJES) being the latest to announce layoffs.
NOV: 32.64 (+0.73), E: 29.61 (+0.04), CJES: 0.31 (unch), RDS.A: 49.30 (-0.41), RIG: 10.23 (+0.18), APA: 50.68 (+0.74), CVX: 100.04 (+0.45)
C&J Energy Services Announces Appointment of Randy McMullen as Chief Executive Officer, following Unexpected Death of Founder Josh Comstock
PR Newswire - Mon Mar 14, 6:00AM CDT
C&J Energy Services Ltd. (NYSE: CJES) announced today that the Company's Board of Directors has appointed Randy McMullen as Chief Executive Officer, succeeding Josh Comstock, Founder and former Chief Executive Officer and Chairman, following his unexpected death on March 11, 2016. Mr. McMullen will also continue performing his current duties as the Company's Chief Financial Officer. The remainder of the Company's leadership team will continue in their present roles. No changes are anticipated in the Company's day-to-day business activities. The Board has also decided to separate the roles of Chairman and Chief Executive Officer and in due course will designate and announce a Chairman of the Board.
CJES: 0.31 (unch)
Nabors Mourns the Passing of C&J Energy Services Founder, Chairman & CEO Josh Comstock
PR Newswire - Fri Mar 11, 4:19PM CST
Following today's announcement of the tragic and sudden loss of C&J Energy Services Ltd. ("C&J" (NYSE: CJES) Founder, Chairman & Chief Executive Officer Josh Comstock, Nabors Industries Ltd. ("Nabors" (NYSE: NBR) expresses its deepest condolences to the Comstock family and to the employees of C&J.
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
C&J Energy Services Announces Death of Founder, Chief Executive Officer and Chairman, Josh Comstock
PR Newswire - Fri Mar 11, 12:38PM CST
C&J Energy Services Ltd. (NYSE: CJES) sadly announced today that Founder, Chief Executive Officer and Chairman of the Board of Directors, Josh Comstock, died suddenly and unexpectedly in his sleep on March 11, 2016. In response to this tragic event, the Company's Board of Directors will hold a meeting this afternoon to discuss the Company's plan for succession to ensure the continuity of the Company's strategic direction and operations.
CJES: 0.31 (unch)
4 Oil & Gas Companies That Have Surged Early, Along With the Price of Oil Today
ACCESSWIRE - Thu Jan 28, 9:54AM CST
NEW YORK, NY / ACCESSWIRE / January 28, 2016 / The Stock Expert is issuing a report on four stocks to watch. CRC, DNR, CJES and BCEI have been attracting the attention of major investors today. Continue reading to find out why. - To get daily alerts on the hottest stocks on the Nasdaq/NYSE subscribe to our newsletter at TheStockExpert.com.
CJES: 0.31 (unch), CRC: 9.64 (+0.51), BCEI: 0.79 (+0.02), DNR: 2.62 (-0.04)
Downgrades, Liquidity Issues, and Oil Prices all Weigh on Energy Stocks Today (CJES, UPL, CRC)
Tyler Crowe, The Motley Fool - Motley Fool - Thu Jan 07, 4:45PM CST
What: After yet another brutal day of trading, Ultra Petroleum , California Resources Corporation , and C&J Energy Services all were trading down more than 10% as of 3:15 pm today. Each have their own particular traits that made them move...
CJES: 0.31 (unch), CRC: 9.64 (+0.51), UPL: 0.31 (unch)
Here’s Why Halliburton Company Believes It Can Thrive in the Current Environment
Matthew DiLallo, The Motley Fool - Motley Fool - Thu Dec 31, 8:35AM CST
The downturn in the oil market has been tough on energy companies of all sizes, including oil-field service giants like Halliburton . The company believes, however, that it's better positioned to weather the downturn because it has a better...
CJES: 0.31 (unch), HAL: 42.79 (+0.73)
Why the Halliburton Company-Baker Hughes Incorporated Merger Might Actually Fall Apart
Matthew DiLallo, The Motley Fool - Motley Fool - Wed Dec 16, 11:05AM CST
When Halliburton agreed to a deal to buy rival Baker Hughes in late 2014, it knew that the transaction wouldn't be an easy sell to regulators. That said, it wouldn't have approached its rival in the first place if it didn't think it could come...
GE: 31.12 (+0.07), CJES: 0.31 (unch), WFT: 5.48 (+0.17), HAL: 42.79 (+0.73), BHI: 47.21 (+0.53)
This Is What Is Stressing Halliburton Company
Matthew DiLallo, The Motley Fool - Motley Fool - Tue Nov 24, 11:31AM CST
Image source: Baker Hughes. The price of oil has been under tremendous pressure this year because producers are pumping an abundance of it into an oversaturated market. This price weakness has had a trickle-down effect on the entire industry and...
CJES: 0.31 (unch), HAL: 42.79 (+0.73), BHI: 47.21 (+0.53)
C&J Energy Services Announces Third Quarter 2015 Results
PR Newswire - Wed Nov 04, 5:17PM CST
C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($455.0 million), or ($3.89) per diluted share, on revenue of $427.5 million for the third quarter of 2015, and an Adjusted Net Loss (1) of ($76.5 million), or ($0.65) per diluted share(1). Adjusted Net Loss(1) excludes: a $367.8 million, or $3.15 per diluted share, after-tax impairment charge; a $5.2 million, or $0.05 per diluted share, after-tax charge related to costs associated with the March 2015 combination of C&J Energy Services, Inc. ("Legacy C&J" with the completion and production services business of Nabors Industries Ltd. (the "Transaction"; a $2.7 million, or $0.02 per diluted share, after-tax charge related to severance, facility closures and other one-time costs; and a $2.6 million, or $0.02 per diluted share, one-time after-tax charge associated with incremental insurance reserves incurred as a result of a decision to increase our self-insurance deductibles to achieve a risk management structure typical for businesses of our combined company's size and risk profile. Adjusted EBITDA(1) totaled ($11.4 million) for the third quarter of 2015.
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
Technical Coverage on Oil & Gas Equipment & Services Equities -- Synergy Resources, Baker Hughes, C&J Energy Services, and Superior Energy Services
PR Newswire - Thu Jun 16, 6:55AM CDT
On Wednesday, June 15, 2016, the NASDAQ Composite ended the trading session at 4,834.93, down 0.18%; the Dow Jones Industrial Average edged 0.20% lower to finish at 17,640.17; and the S&P 500 closed at 2,071.50, down 0.18%. However, six out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Synergy Resources Corporation (NYSE MKT: SYRG), Baker Hughes Inc. (NYSE: BHI), C&J Energy Services Ltd (NYSE: CJES), and Superior Energy Services Inc. (NYSE: SPN). Learn more about these stocks by accessing their free trade alerts at:
CJES: 0.31 (unch), SYRG: 6.41 (+0.09), SPN: 15.34 (+0.22), BHI: 47.21 (+0.53)
C&J Energy Services Appoints Don Gawick as President and Chief Executive Officer
PR Newswire - Wed Jun 15, 10:51AM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company"
today announced that the Board of Directors of the Company has appointed Don Gawick, C&J's current Chief Operating Officer, to the position of President and Chief Executive Officer. Mr. Gawick will also continue performing his existing duties as the Company's Chief Operating Officer. Mr. Gawick is a 37-year veteran of the oilfield services industry and has held numerous senior management positions over the course of his career since starting with Schlumberger in 1979. He previously served as President and Chief Executive Office of Casedhole Solutions, Inc., a premier wireline services company that C&J acquired in 2012. He has served as C&J's Chief Operating Officer since 2012, with responsibility for overseeing C&J's daily operations as a leading provider to the oil and gas industry. CJES: 0.31 (unch)
C&J Energy Served Notice for Non Compliance of NYSE Rules
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:52AM CDT
C&J Energy Services, Ltd. (CJES) was recently sent a notice by the New York Stock Exchange (NYSE) for failing to satisfy the continued listing standard deemed necessary by the stock exchange.
CJES: 0.31 (unch), BAK: 11.20 (-0.11), MUSA: 73.43 (-1.04), EPE: 3.62 (+0.07)
C&J Energy Services Receives NYSE Continued Listing Standard Notice
PR Newswire - Fri Jun 03, 3:15PM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company"
today announced that on June 2, 2016, the Company received written notice ("NYSE Notice" from the New York Stock Exchange ("NYSE" that the Company does not presently satisfy the NYSE's continued listing standard requiring the average closing price of the Company's common shares to be at least $1.00 per share over a 30 trading-day period. As noted in the NYSE Notice, as of May 26, 2016, the average closing price of the Company's common shares over the preceding 30 trading-day period was $0.97 per share. CJES: 0.31 (unch)
C&J Energy Services Continues Discussions with Lenders; Enters into Forbearance Agreement Under its Credit Facilities
PR Newswire - Wed Jun 01, 5:30AM CDT
C&J Energy Services Ltd. (NYSE: CJES) ("C&J" or the "Company"
today announced that, in connection with ongoing discussions with the lenders under its credit facilities, it has entered into a forbearance agreement with respect to the previously announced covenant violation, as well as with respect to the payment of interest and certain fees under the credit facilities. As previously reported in connection with the release of its first quarter 2016 results, the Company previously obtained a temporary limited waiver agreement from its lending group in respect of its violation of the quarterly minimum cumulative consolidated Bank EBITDA covenant required to be tested at March 31, 2016, effective from March 31, 2016 through May 31, 2016. Pursuant to the forbearance agreement, the lenders have agreed to forbear from exercising default remedies or accelerating any indebtedness through June 30, 2016 as a result of this covenant violation or any default that results from the non-payment of interest, commitment fees or letter of credit fees during this forbearance period. The forbearance agreement will provide the Company with additional flexibility to continue discussions with its creditors and other stakeholders regarding the Company's debt and capital structure. CJES: 0.31 (unch)
C&J Energy Services Announces First Quarter 2016 Results
PR Newswire - Tue May 10, 3:38PM CDT
C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($428.4 million), or ($3.65) per diluted share, on revenue of $269.6 million for the first quarter of 2016, and an Adjusted Net Loss(1) of ($71.1 million), or ($0.61) per diluted share(1). Adjusted Net Loss(1) excludes the following, net of tax: a $337.0 million, or $2.87 per diluted share, impairment charge; a $8.6 million, or $0.07 per diluted share, charge related to severance, facility closures and other one-time costs; a $6.4 million, or $0.05 per diluted share, non-recurring charge related to share-based compensation; a $3.0 million, or $0.03 per diluted share, charge related to costs associated with the March 2015 combination (the "Nabors Transaction"
of C&J Energy Services, Inc. with the completion and production services business of Nabors Industries Ltd.; a $1.2 million, or $0.01 per diluted share, customer settlement/bad debt write-off; and a $1.0 million, or $0.01 per diluted share, inventory write-down. Adjusted EBITDA(1) totaled ($31.8 million) for the first quarter of 2016. CJES: 0.31 (unch), NBR: 8.75 (+0.06)
Shares of Nabors Industries Slump 12% After a Weak Earnings Report
Tyler Crowe, The Motley Fool - Motley Fool - Tue Apr 26, 2:19PM CDT
Image source: Nabors Industries. What: Shares of Nabors Industries are down 12.3% as of 2:30 p.m. ET today after the company reported earnings that didn't meet expectations. So what: The biggest culprit of Nabors' earnings miss was the...
CJES: 0.31 (unch), NBR: 8.75 (+0.06)
Nabors Announces First Quarter Results
PR Newswire - Mon Apr 25, 3:17PM CDT
Nabors Industries Ltd. ("Nabors"
(NYSE: NBR) today reported first quarter 2016 operating revenues of $597.6 million, compared to operating revenues of $738.9 million in the fourth quarter of last year. Net income (loss) from continuing operations for the quarter was a loss of $396.6 million, or ($1.41) per diluted share, compared to a loss of $161.1 million, or ($0.57) per diluted share, last quarter. The net loss from continuing operations for the first quarter included a per share loss of $1.12 per share due to impairments to the carrying value of the Company's investment in C&J Energy Services, Ltd. ("C&J" (NYSE: CJES) and from our proportionate share of C&J losses from the prior quarter, as such losses are accounted for on a quarter lag basis. CJES: 0.31 (unch), NBR: 8.75 (+0.06)
C&J Energy Services Announces Timing of First Quarter 2016 Earnings Release and Conference Call
PR Newswire - Wed Apr 20, 6:00AM CDT
C&J Energy Services Ltd. (NYSE: CJES) announced today that it will issue its first quarter 2016 financial and operating results on Tuesday, May 10, 2016, after the market closes. In conjunction with this release, C&J Energy Services has scheduled a conference call for 10:00 a.m. E.T. (9:00 a.m. C.T.) on Wednesday, May 11, 2016, which will be webcast live. Information on how to access the conference call and webcast is set forth below:
CJES: 0.31 (unch)
Oil & Gas Stock Roundup: Companies Reveal More Job Cuts
Nilanjan Choudhury - Zacks Investment Research - Tue Mar 15, 3:46PM CDT
Downsizing in the energy sector continue unabated with National Oilwell Varco (NOV), Transocean (RIG) and C&J Energy Services (CJES) being the latest to announce layoffs.
NOV: 32.64 (+0.73), E: 29.61 (+0.04), CJES: 0.31 (unch), RDS.A: 49.30 (-0.41), RIG: 10.23 (+0.18), APA: 50.68 (+0.74), CVX: 100.04 (+0.45)
C&J Energy Services Announces Appointment of Randy McMullen as Chief Executive Officer, following Unexpected Death of Founder Josh Comstock
PR Newswire - Mon Mar 14, 6:00AM CDT
C&J Energy Services Ltd. (NYSE: CJES) announced today that the Company's Board of Directors has appointed Randy McMullen as Chief Executive Officer, succeeding Josh Comstock, Founder and former Chief Executive Officer and Chairman, following his unexpected death on March 11, 2016. Mr. McMullen will also continue performing his current duties as the Company's Chief Financial Officer. The remainder of the Company's leadership team will continue in their present roles. No changes are anticipated in the Company's day-to-day business activities. The Board has also decided to separate the roles of Chairman and Chief Executive Officer and in due course will designate and announce a Chairman of the Board.
CJES: 0.31 (unch)
Nabors Mourns the Passing of C&J Energy Services Founder, Chairman & CEO Josh Comstock
PR Newswire - Fri Mar 11, 4:19PM CST
Following today's announcement of the tragic and sudden loss of C&J Energy Services Ltd. ("C&J"
(NYSE: CJES) Founder, Chairman & Chief Executive Officer Josh Comstock, Nabors Industries Ltd. ("Nabors" (NYSE: NBR) expresses its deepest condolences to the Comstock family and to the employees of C&J. CJES: 0.31 (unch), NBR: 8.75 (+0.06)
C&J Energy Services Announces Death of Founder, Chief Executive Officer and Chairman, Josh Comstock
PR Newswire - Fri Mar 11, 12:38PM CST
C&J Energy Services Ltd. (NYSE: CJES) sadly announced today that Founder, Chief Executive Officer and Chairman of the Board of Directors, Josh Comstock, died suddenly and unexpectedly in his sleep on March 11, 2016. In response to this tragic event, the Company's Board of Directors will hold a meeting this afternoon to discuss the Company's plan for succession to ensure the continuity of the Company's strategic direction and operations.
CJES: 0.31 (unch)
4 Oil & Gas Companies That Have Surged Early, Along With the Price of Oil Today
ACCESSWIRE - Thu Jan 28, 9:54AM CST
NEW YORK, NY / ACCESSWIRE / January 28, 2016 / The Stock Expert is issuing a report on four stocks to watch. CRC, DNR, CJES and BCEI have been attracting the attention of major investors today. Continue reading to find out why. - To get daily alerts on the hottest stocks on the Nasdaq/NYSE subscribe to our newsletter at TheStockExpert.com.
CJES: 0.31 (unch), CRC: 9.64 (+0.51), BCEI: 0.79 (+0.02), DNR: 2.62 (-0.04)
Downgrades, Liquidity Issues, and Oil Prices all Weigh on Energy Stocks Today (CJES, UPL, CRC)
Tyler Crowe, The Motley Fool - Motley Fool - Thu Jan 07, 4:45PM CST
What: After yet another brutal day of trading, Ultra Petroleum , California Resources Corporation , and C&J Energy Services all were trading down more than 10% as of 3:15 pm today. Each have their own particular traits that made them move...
CJES: 0.31 (unch), CRC: 9.64 (+0.51), UPL: 0.31 (unch)
Here’s Why Halliburton Company Believes It Can Thrive in the Current Environment
Matthew DiLallo, The Motley Fool - Motley Fool - Thu Dec 31, 8:35AM CST
The downturn in the oil market has been tough on energy companies of all sizes, including oil-field service giants like Halliburton . The company believes, however, that it's better positioned to weather the downturn because it has a better...
CJES: 0.31 (unch), HAL: 42.79 (+0.73)
Why the Halliburton Company-Baker Hughes Incorporated Merger Might Actually Fall Apart
Matthew DiLallo, The Motley Fool - Motley Fool - Wed Dec 16, 11:05AM CST
When Halliburton agreed to a deal to buy rival Baker Hughes in late 2014, it knew that the transaction wouldn't be an easy sell to regulators. That said, it wouldn't have approached its rival in the first place if it didn't think it could come...
GE: 31.12 (+0.07), CJES: 0.31 (unch), WFT: 5.48 (+0.17), HAL: 42.79 (+0.73), BHI: 47.21 (+0.53)
This Is What Is Stressing Halliburton Company
Matthew DiLallo, The Motley Fool - Motley Fool - Tue Nov 24, 11:31AM CST
Image source: Baker Hughes. The price of oil has been under tremendous pressure this year because producers are pumping an abundance of it into an oversaturated market. This price weakness has had a trickle-down effect on the entire industry and...
CJES: 0.31 (unch), HAL: 42.79 (+0.73), BHI: 47.21 (+0.53)
C&J Energy Services Announces Third Quarter 2015 Results
PR Newswire - Wed Nov 04, 5:17PM CST
C&J Energy Services Ltd. (NYSE: CJES) today reported a net loss of ($455.0 million), or ($3.89) per diluted share, on revenue of $427.5 million for the third quarter of 2015, and an Adjusted Net Loss (1) of ($76.5 million), or ($0.65) per diluted share(1). Adjusted Net Loss(1) excludes: a $367.8 million, or $3.15 per diluted share, after-tax impairment charge; a $5.2 million, or $0.05 per diluted share, after-tax charge related to costs associated with the March 2015 combination of C&J Energy Services, Inc. ("Legacy C&J"
with the completion and production services business of Nabors Industries Ltd. (the "Transaction"; a $2.7 million, or $0.02 per diluted share, after-tax charge related to severance, facility closures and other one-time costs; and a $2.6 million, or $0.02 per diluted share, one-time after-tax charge associated with incremental insurance reserves incurred as a result of a decision to increase our self-insurance deductibles to achieve a risk management structure typical for businesses of our combined company's size and risk profile. Adjusted EBITDA(1) totaled ($11.4 million) for the third quarter of 2015. CJES: 0.31 (unch), NBR: 8.75 (+0.06)
