Q3 2017 EPS Estimates for C&J Energy Services, Inc. (CJ) Reduced by Jefferies Group

C&J Energy Services, Inc. (NYSE:CJ) – Analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for C&J Energy Services in a report released on Wednesday. Jefferies Group analyst B. Handler now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.42. Jefferies Group has a “Buy” rating and a $38.00 price objective on the stock. Jefferies Group also issued estimates for C&J Energy Services’ Q4 2017 earnings at $0.24 EPS, FY2017 earnings at ($0.14) EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.50 EPS and FY2019 earnings at $4.10 EPS.

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Several other brokerages also recently commented on CJ. Zacks Investment Research downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of C&J Energy Services in a report on Wednesday, April 19th. Citigroup Inc. initiated coverage on shares of C&J Energy Services in a report on Tuesday, May 16th. They issued a “buy” rating and a $40.00 target price for the company. Piper Jaffray Companies upgraded shares of C&J Energy Services from a “neutral” rating to an “overweight” rating and increased their target price for the company from $38.50 to $40.00 in a report on Wednesday, May 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $37.00 target price on shares of C&J Energy Services in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.45.

C&J Energy Services (NYSE CJ) opened at 26.88 on Friday. C&J Energy Services has a 1-year low of $20.26 and a 1-year high of $36.78. The firm’s market capitalization is $1.70 billion. The stock’s 50 day moving average is $31.56 and its 200 day moving average is $32.08.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in shares of C&J Energy Services during the second quarter valued at approximately $155,777,000. BlackRock Inc. increased its stake in shares of C&J Energy Services by 43,395.0% in the second quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock valued at $118,380,000 after buying an additional 3,446,431 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of C&J Energy Services by 434.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,532,290 shares of the company’s stock valued at $86,782,000 after buying an additional 2,058,190 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of C&J Energy Services by 42,247.4% in the second quarter. Wells Fargo & Company MN now owns 2,146,165 shares of the company’s stock valued at $73,549,000 after buying an additional 2,141,097 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of C&J Energy Services by 295.0% in the second quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock valued at $61,309,000 after buying an additional 1,336,039 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

About C&J Energy Services

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.

Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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