Last $13.32 USD
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

c&j energy services inc (CJES) Key Developments

C&J Energy Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 08:00 AM

C&J Energy Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 08:00 AM. Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: Randall C. McMullen, President, Chief Financial Officer, Treasurer and Director.

C&J Energy Services, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for 2015

C&J Energy Services, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $483,508,000 against $265,384,000 for the same period in the last year. Operating income was $40,765,000 against $15,483,000 for the same period in the last year. Income before income taxes was $37,661,000 against $13,737,000 for the same period in the last year. Net income was $22,311,000 or $0.40 per diluted share against $7,290,000 or $0.13 per diluted share for the same period in the last year. Adjusted net income was $30,483,000 or $0.54 per diluted share against $7,359,000 or $0.13 per diluted share for the same period in the last year. Adjusted EBITDA was $82,347,000 against $36,518,000 for the same period in the last year. Capital expenditures totaled $79.9 million during the fourth quarter of 2014, which primarily consisted of construction of new equipment as well as capital expenditures related to its existing equipment to extend their useful life.  For the full year, the company reported revenue of $1,607,944,000 against $1,070,322,000 for the same period in the last year. Operating income was $123,744,000 against $114,215,000 for the same period in the last year. Income before income taxes was $114,502,000 against $107,718,000 for the same period in the last year. Net income was $68,823,000 or $1.22 per diluted share against $66,405,000 or $1.20 per diluted share for the same period in the last year. Net cash provided by operating activities was $181,837,000 against $181,101,000 for the same period in the last year. Purchases of and deposits on property, plant and equipment were $307,598,000 against $151,810,000 for the same period in the last year. Adjusted net income was $84,192,000 or $1.49 per diluted share against $66,594,000 or $1.20 per diluted share for the same period in the last year. Adjusted EBITDA was $253,509,000 against $190,674,000 for the same period in the last year. Capital expenditures totaled $315.7 million for the full year, which primarily consisted of construction of new equipment as well as capital expenditures related to its existing equipment to extend their useful life.  Given the current state of the market and exclusive of the Pending Transaction, the company’s 2015 capital expenditures are currently expected to range from $110.0 million to $135.0 million. Given the large asset base that the company will acquire upon closing of the pending transaction with Nabors, coupled with current market conditions, the company currently expects that most of 2015 capital expenditure plan will be directed to maintenance CapEx. The company also expects depreciation and amortization for the first quarter of 2015 to range between $33 million to $34 million.

Halunen Law Sues C & J Energy Services in U.S. District Court for North Dakota in Bismarck

A Minneapolis law firm has sued a Houston-based oil company in U.S. District Court for North Dakota in Bismarck on behalf of an Ogden, Utah, woman who says she was subject to gender-based discrimination while working as an oil field pump operator near Williston. Cindy Marchello alleges that her former employer, C & J Energy Services, subjected her to intolerable working conditions as to cause her to quit her job. Those conditions include subjection to gender-related insults and indignities from supervisors and co-workers, forcing her to do the work usually assigned to a group of people, forcing her to do office-related work for which she was not qualified and threatening her life and well-being if she continued to work for the company, according to Halunen Law, the firm representing Marchello.

C&J Energy Services, Inc. to Report Q4, 2014 Results on Feb 11, 2015

C&J Energy Services, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 11, 2015

C&J Energy Services, Inc., Q4 2014 Earnings Call, Feb 12, 2015

C&J Energy Services, Inc., Q4 2014 Earnings Call, Feb 12, 2015

 

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CJES

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Valuation CJES Industry Range
Price/Earnings 11.1x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 4.2x
TEV/Sales 0.2x
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