DB:C19

Stock Analysis Report

C&J Energy Services

Executive Summary

C&J Energy Services, Inc. provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has C&J Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: C19's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

C19

6.5%

DE Energy Services

9.9%

DE Market


1 Year Return

-53.7%

C19

-58.9%

DE Energy Services

-17.5%

DE Market

Return vs Industry: C19 underperformed the German Energy Services industry which returned -3.8% over the past year.

Return vs Market: C19 underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

C19IndustryMarket
7 Day-6.3%6.5%9.9%
30 Day-23.5%-40.7%-16.6%
90 Day-16.0%-53.6%-24.8%
1 Year-48.3%-53.7%-57.8%-58.9%-15.0%-17.5%
3 Yearn/a-64.4%-67.9%-17.4%-24.5%
5 Yearn/a-66.3%-87.3%-16.6%-28.1%

Price Volatility Vs. Market

How volatile is C&J Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is C&J Energy Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: C19 (€7.5) is trading below our estimate of fair value (€24.2)

Significantly Below Fair Value: C19 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: C19 is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: C19 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C19's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C19 is good value based on its PB Ratio (0.5x) compared to the XE Energy Services industry average (0.8x).


Next Steps

Future Growth

How is C&J Energy Services forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

72.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C19 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: C19 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: C19 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: C19's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: C19's revenue is forecast to decline over the next 3 years (-4.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if C19's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has C&J Energy Services performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C19 is currently unprofitable.

Growing Profit Margin: C19 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: C19 is unprofitable, but has reduced losses over the past 5 years at a rate of 5.1% per year.

Accelerating Growth: Unable to compare C19's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C19 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (86.1%).


Return on Equity

High ROE: C19 has a negative Return on Equity (-30.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is C&J Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: C19's short term assets ($551.2M) exceed its short term liabilities ($256.7M).

Long Term Liabilities: C19's short term assets ($551.2M) exceed its long term liabilities ($41.4M).


Debt to Equity History and Analysis

Debt Level: C19 is debt free.

Reducing Debt: C19 has no debt compared to 5 years ago when its debt to equity ratio was 35.9%.


Balance Sheet

Inventory Level: C19 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if C19's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable C19 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: C19 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.1% per year.


Next Steps

Dividend

What is C&J Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C19's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate C19's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if C19's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C19's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of C19's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Don Gawick (61yo)

3.25s

Tenure

US$6,062,073

Compensation

Mr. Donald Jeffrey Gawick, also known as Don, has been Director of C&J Energy Services, Inc. (the "Company"). He also currently serves as the Company's President and Chief Executive Officer, a position he  ...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD6.06M) is above average for companies of similar size in the German market ($USD817.80K).

Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Donald Gawick
President3.25yrsUS$6.06m0.39% $1.7m
Jan van Gaalen
Chief Financial Officer1yrUS$1.62mno data
Everett Hobbs
Chief Operating Officer3.17yrsUS$1.74m0.093% $397.7k
Michael Galvan
Senior VP2.42yrsUS$685.50k0.014% $58.1k
Danielle Hunter
Executive VP3.25yrsUS$1.54m0.094% $403.5k
Sterling Renshaw
President of Well Support Services2.17yrsUS$1.31m0.024% $103.3k
Patrick Bixenman
President of Research & Technology7yrsUS$3.82m0.053% $229.0k
Daniel Jenkins
Vice President of Investor Relations3.25yrsno datano data
John Dunn
Senior Vice President of Sales & Marketing6.83yrsno datano data
Edward Keppler
President of Corporate Operational Development3yrsUS$922.04k0.030% $128.2k

3.2yrs

Average Tenure

56yo

Average Age

Experienced Management: C19's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Donald Gawick
President3.25yrsUS$6.06m0.39% $1.7m
Michael Roemer
Independent Director8.83yrsUS$242.50k0.024% $104.8k
John Kennedy
Independent Director2.75yrsUS$237.50k0.024% $101.1k
Steven Mueller
Independent Director2.75yrsUS$237.50k0.024% $101.1k
Patrick Murray
Independent Chairman of the Boardno dataUS$322.50k0.031% $131.9k
Amy Nelson
Director0.25yrno data0.017% $71.8k
Stuart Brightman
Independent Director2.75yrsUS$222.50k0.022% $94.3k
Michael Zawadzki
Independent Director2.75yrsno datano data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: C19's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

C&J Energy Services, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: C&J Energy Services, Inc.
  • Ticker: C19
  • Exchange: DB
  • Founded: 1997
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$478.586m
  • Listing Market Cap: US$429.340m
  • Shares outstanding: 65.03m
  • Website: https://www.cjenergy.com

Number of Employees


Location

  • C&J Energy Services, Inc.
  • 3990 Rogerdale Road
  • Houston
  • Texas
  • 77042
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CJNYSE (New York Stock Exchange)YesNew Common SharesUSUSDJan 2017
C19DB (Deutsche Boerse AG)YesNew Common SharesDEEURJan 2017

Biography

C&J Energy Services, Inc. provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, rig services, fluids management, and other completion and well support services. This segment also engages in the engineering and production of various parts and components, such as perforating guns and addressable switches, which are used in the completion process. The Well Support Services segment offers rig services, such as providing workover and well servicing rigs that are primarily used for the routine repair and maintenance of oil and gas wells, re-drilling operations, and plugging and abandonment operations; fluids management services, including storage, transportation, and disposal services for fluids used in the drilling, completion, and workover of oil and gas wells; and other special well site services, such as fishing, contract labor, and tool rental services for the completion and workover of oil and gas wells. The company was founded in 1997 and is headquartered in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/31 21:43
End of Day Share Price2019/10/30 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.