C&J Energy Services (CJES) Tops Q1 EPS by 8c

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KLR Group Cuts Price Target on C&J Energy Services (CJES) as Restructuring Appears Imminent

May 12, 2016 6:52 AM EDT

KLR Group maintained a Hold rating on C&J Energy Services (NYSE: CJES), and cut the price target to $0.50 (from $1.50), following the company's 1Q. CJES reported EPS of ($0.61) versus the consensus estimate of ($0.68). Management announced that is has breached its EBITDA covenants, but... More