C&J Energy Services, Inc. (CJ) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of C&J Energy Services, Inc. (NYSE:CJ) from a hold rating to a buy rating in a research note published on Friday, May 12th. The brokerage currently has $35.00 target price on the stock.

According to Zacks, “C&J Energy Services, Inc. is a provider of on-shore well construction, well completion, well support and other complementary oilfield services to oil and gas exploration and production companies. It offers hydraulic fracturing, cased-hole wireline, coiled tubing, cementing, rig services, fluids management services and other special well site services. The company operates primarily in United States and Western Canada. C&J Energy Services, Inc. is based in Houston, United States. “

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an outperform rating on shares of C&J Energy Services in a research note on Wednesday, May 10th. Piper Jaffray Companies upgraded shares of C&J Energy Services from a neutral rating to an overweight rating and raised their target price for the stock from $38.50 to $40.00 in a research report on Wednesday, May 10th. Deutsche Bank AG began coverage on shares of C&J Energy Services in a research report on Wednesday, May 3rd. They set a buy rating and a $43.00 target price on the stock. Evercore ISI restated an outperform rating and set a $43.00 target price on shares of C&J Energy Services in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group restated an outperform rating and set a $37.00 target price on shares of C&J Energy Services in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $41.90.

C&J Energy Services (NYSE:CJ) traded up 3.01% during trading on Friday, hitting $34.19. The stock had a trading volume of 4,903,155 shares. C&J Energy Services has a 52-week low of $27.97 and a 52-week high of $36.78. The company’s market cap is $2.16 billion. The firm’s 50-day moving average price is $32.75 and its 200-day moving average price is $32.50.

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An institutional investor recently bought a new position in C&J Energy Services stock. Parkwood LLC purchased a new stake in shares of C&J Energy Services, Inc. (NYSE:CJ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,672 shares of the company’s stock, valued at approximately $602,000. Hedge funds and other institutional investors own 87.73% of the company’s stock.

C&J Energy Services Company Profile

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

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