C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “hold” rating reiterated by equities research analysts at Scotiabank in a note issued to investors on Tuesday.
A number of other research analysts have also issued reports on CJ. Guggenheim started coverage on C&J Energy Services in a report on Thursday, September 7th. They set a “buy” rating and a $37.00 target price on the stock. Zacks Investment Research raised C&J Energy Services from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 target price (down from $43.00) on shares of C&J Energy Services in a report on Thursday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and set a $36.00 target price (down from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price (down from $44.00) on shares of C&J Energy Services in a report on Wednesday, June 21st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.25.
Shares of C&J Energy Services (CJ) traded up 0.48% during trading on Tuesday, reaching $29.34. 58,426 shares of the company’s stock traded hands. C&J Energy Services has a 1-year low of $24.30 and a 1-year high of $46.30. The company has a 50 day moving average of $28.02 and a 200-day moving average of $30.86. The company has a market capitalization of $1.86 billion and a price-to-earnings ratio of 90.56.
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In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $29.23, for a total transaction of $5,115,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Energy Opportunities Capital Management LLC acquired a new stake in C&J Energy Services during the 2nd quarter worth about $724,000. Dean Capital Management purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $4,127,000. Ameritas Investment Partners Inc. purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $140,000. California State Teachers Retirement System purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $2,817,000. Finally, TVR Capital Management LP purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $24,053,000.
About C&J Energy Services
C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.
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