C&J Energy Services (CJ) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of C&J Energy Services (NYSE:CJ) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

Other research analysts also recently issued research reports about the stock. Johnson Rice initiated coverage on shares of C&J Energy Services in a report on Monday, September 17th. They issued an accumulate rating and a $26.00 target price on the stock. Bank of America boosted their price objective on shares of C&J Energy Services from $27.00 to $28.00 and gave the stock a buy rating in a report on Friday, November 2nd. BMO Capital Markets dropped their price objective on shares of C&J Energy Services from $30.00 to $28.00 and set a buy rating on the stock in a report on Thursday, August 30th. Piper Jaffray Companies set a $34.00 price objective on shares of C&J Energy Services and gave the stock a buy rating in a report on Wednesday, August 15th. Finally, Jefferies Financial Group set a $25.00 price objective on shares of C&J Energy Services and gave the stock a buy rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.88.

Shares of CJ opened at $17.44 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of -124.57 and a beta of 0.74. C&J Energy Services has a one year low of $16.82 and a one year high of $36.57.

C&J Energy Services (NYSE:CJ) last announced its earnings results on Thursday, November 1st. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $567.92 million for the quarter, compared to the consensus estimate of $586.66 million. C&J Energy Services had a net margin of 5.24% and a return on equity of 7.19%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts expect that C&J Energy Services will post 0.81 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of CJ. Tower Research Capital LLC TRC increased its holdings in shares of C&J Energy Services by 14,486.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,543 shares of the company’s stock worth $115,000 after purchasing an additional 5,505 shares during the period. Neuburgh Advisers LLC bought a new stake in C&J Energy Services in the second quarter valued at about $176,000. NumerixS Investment Technologies Inc bought a new stake in C&J Energy Services in the second quarter valued at about $191,000. Riverhead Capital Management LLC bought a new stake in C&J Energy Services in the second quarter valued at about $194,000. Finally, Principal Financial Group Inc. bought a new stake in C&J Energy Services in the first quarter valued at about $215,000.

About C&J Energy Services

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.

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

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