C&J Energy Services Inc (CJ) Receives $40.67 Average Price Target from Analysts

C&J Energy Services Inc (NYSE:CJ) has received an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $40.77.

Several analysts have recently weighed in on the company. Stephens assumed coverage on C&J Energy Services in a research report on Tuesday. They set an “overweight” rating and a $42.00 target price for the company. Evercore ISI reiterated an “outperform” rating and set a $42.00 target price on shares of C&J Energy Services in a research report on Thursday, December 7th. Scotiabank reiterated a “hold” rating on shares of C&J Energy Services in a research report on Tuesday, October 10th. Zacks Investment Research downgraded C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group reiterated a “buy” rating and set a $38.00 target price on shares of C&J Energy Services in a research report on Monday, November 13th.

In other news, insider Ed Keppler sold 3,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $30.21, for a total transaction of $105,735.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.80, for a total value of $720,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,112,330 shares of company stock worth $32,909,684.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of C&J Energy Services during the second quarter valued at $140,000. Quantbot Technologies LP purchased a new position in shares of C&J Energy Services during the second quarter valued at $144,000. SG Americas Securities LLC purchased a new position in C&J Energy Services in the second quarter valued at about $152,000. BNP Paribas Arbitrage SA purchased a new position in C&J Energy Services in the second quarter valued at about $199,000. Finally, Virtu KCG Holdings LLC purchased a new position in C&J Energy Services in the second quarter valued at about $206,000. Hedge funds and other institutional investors own 96.43% of the company’s stock.

C&J Energy Services (NYSE CJ) traded down $0.11 during trading hours on Wednesday, hitting $35.99. The stock had a trading volume of 794,278 shares, compared to its average volume of 602,667. C&J Energy Services has a fifty-two week low of $24.30 and a fifty-two week high of $46.30. The company has a market capitalization of $2,280.00 and a P/E ratio of 9.57.

C&J Energy Services (NYSE:CJ) last released its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.10. The business had revenue of $442.70 million for the quarter, compared to the consensus estimate of $445.87 million. During the same quarter last year, the business posted ($0.61) earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. sell-side analysts predict that C&J Energy Services will post -0.04 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for C&J Energy Services (NYSE:CJ)

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