Complete Production Services Down 14.7% On Earnings Miss (CPX)

Shares of Houston, Texas-based Complete Production Services, Inc. CPX are currently down 14.7% at $24.50 per share during Friday afternoon trading. Today's trading range for shares of Complete Production Services, Inc has been between $24.33 and $26.62 per share. The consensus price target of analysts covering the company's stock is $34.55 per share. Volume of 9.9 million shares is far above the daily average volume of 1.5 million shares. Complete Production Services, Inc. (CPX) released financial results early Friday morning that missed Wall Street earnings estimates. Complete Production Services, Inc reported 4th quarter earnings of 49 cents per share, on revenue of $472.84 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 53 cents per share, on revenue of $452.13 million. Complete Production Services, Inc is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. Read more from Benzinga's Company news.