Wednesday, June 11, 2014

Key Takeaways From C&J Energy Services' Earnings


C&J Energy Services (NYSE: CJES  ) continues to be one of the most aggressive firms in the oil services sector. In the first quarter, the company is starting to see the benefit of aggressively building out assets during the downturn of the last couple of years.

The interesting takeaways from the earnings report are a substantial increase in revenue, a rebound in income, an ongoing push to add more assets, and no mention of weather disruptions despite industrywide issues during the quarter. The growth surpasses the gains made by the oil services majors and hugely disappointing results from Key Energy Services (NYSE: KEG  ) . Even Basic Energy Services (NYSE: BAS  ) , which has seen a huge gain in its shares, still reported a loss for the quarter, but the oil service player is making some aggressive moves.

Read the full article here.


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

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