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C&J Energy Services Out of NYSE Compliance
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C&J Energy Services Ltd. received written notice from the New York Stock Exchange that the Company does not presently satisfy the NYSE's continued listing standard requiring the average closing price of the Company's common shares to be at least $1.00 per share over a 30 trading-day period.
Last week, the company entered into a forbearance agreement with its lenders.
As noted in the NYSE Notice, as of May 26, 2016, the average closing price of the Company's common shares over the preceding 30 trading-day period was $0.97 per share.
The Company is considering all available options to regain compliance during this six-month period.
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