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Last $15.20 USD
Change Today +0.47 / 3.19%
Volume 74.1K
CJES On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 9:35 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3990 Rogerdale Road

Houston, TX 77042

United States

Phone: 713-325-6000

Fax: 713-260-9980

C&J Energy Services, Inc. operates as an independent provider of hydraulic fracturing, coiled tubing, cased-hole wireline, pumpdown, and other complementary services with a focus on complex, technically demanding well completions. These core services are provided to oil and natural gas exploration and production companies throughout the United States. The company also manufactures and sells data acquisition and control systems, and provides its proprietary, in-house manufactured downhole tools and related directional drilling technology. It utilizes these products in its day-to-day operations and also provides these products to third-party customers in the energy services industry. Segments The company operates in three segments: Stimulation and Well Intervention Services; Wireline Services; and Equipment Manufacturing. Stimulation and Well Intervention Services This segment provides hydraulic fracturing services, coiled tubing and other well stimulation services, and directional drilling services. Hydraulic Fracturing Services: The company’s customers use its hydraulic fracturing services to improve the production of oil and natural gas from formations with low permeability, which restricts the natural flow of hydrocarbons. Hydraulic fracturing involves pumping a fluid down a well casing or tubing at sufficient pressure to cause the underground producing formation to fracture, allowing the oil or natural gas to flow freely. A propping agent, or proppant, is suspended in the fracturing fluid and used to prop the fractures open. Proppants consist of sand, bauxite, resin-coated sand or ceramic particles and other engineered proprietary materials. As a result, an important element of the services that the company provides to producers is designing the optimum well completion, which includes determining the proper fluid, proppant and injection specifications to improve production. The company’s engineering staff also provides technical evaluation, job design, and fluid recommendations for its customers as an integral element of its fracturing service. Coiled Tubing and Other Well Stimulation Services: The company’s customers use its coiled tubing services to perform various functions associated with well-servicing operations and to facilitate completion of new and existing wells. Coiled tubing services involve the use of a continuous metal pipe spooled onto a large reel, which is then deployed into oil and natural gas wells to perform various applications. As of December 31, 2014, the company operated 35 coiled tubing units, having deployed 11 incremental coiled tubing units and related ancillary equipment over the course of the year. Two of its coiled tubing units were positioned in Saudi Arabia in early 2014 to service its first international contract. The company’s other well stimulation services primarily include nitrogen, pressure pumping, and thru-tubing services, as well as its newly launched directional drilling services line. Additionally, the company blends and supplies specialty chemicals for completion and production services; and also manufactures and provides downhole tools and related directional drilling technology and data acquisition control systems. These products are provided to third-party customers in the energy services industry and are also used in the company’s operations and equipment. Wireline Services This segment provides cased-hole wireline, pumpdown, and other complementary services, including logging, perforating, pipe recovery, and pressure testing services through the acquisition of Casedhole Solutions, Inc. During 2014, the company further expanded its wireline capabilities through the deployment of new equipment, as well as the acquisition of Tiger Casedhole Services, Inc., a major provider of wireline services on the U.S. West Coast. As of December 31, 2014, the company operated 92 wireline units and 53 pumpdown units, as well as pressure control and other ancillary equipment. It deployed 23 incremental wireline units and 20 new incremental pumpdown units during 2014. Equipment Manufacturing This segment includes the acquisition of Total E&S, Inc.

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CJES:US $15.20 USD +0.47

CJES Competitors

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Company Last Change
Basic Energy Services Inc $8.63 USD -0.075
Calfrac Well Services Ltd C$9.84 CAD -0.04
Pioneer Energy Services Corp $6.23 USD +0.075
Precision Drilling Corp C$8.44 CAD +0.08
Trican Well Service Ltd C$4.88 CAD 0.00
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Industry Analysis

CJES

Industry Average

Valuation CJES Industry Range
Price/Earnings 12.1x
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow 9.9x
TEV/Sales 0.9x
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