IB Net Payout Yields Model

Playing the C&J Energy Services Breakout

For a couple of years now, C&J Energy Services (NYSE: CJES  ) has had the potential to be a top oil services stock benefiting from the shale boom in the U.S. Unfortunately, low natural gas prices have pressured margins and held the stock of this budding hydraulic fracturing specialist in check during the last two years.

C&J Energy is a leading provider of premium hydraulic fracturing, coiled tubing, pressure pumping, wireline and other complementary completion services. The company has a focus on the most complex and technically demanding well completions. C&J Energy has a strong presence in the Bakken Shale, Eagle Ford, and Permian Basin. The recent results from multinational oil service firms Baker Hughes (NYSE: BHI  ) and Schlumberger (NYSE: SLB  ) have pushed the sector higher, but analysts from Cowen & Co cut the rating on C&J Energy due to expected pricing pressure. The stock continues to break out with expectation of a better pricing environment in 2014 contrary to the Cowen call.

Read the full article here.

Disclosure: Long CJES. Please review the disclaimer page for more details.


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