C&J Energy Services’ (CJ) “Buy” Rating Reiterated at Bank of America
Bank of America restated their buy rating on shares of C&J Energy Services (NYSE:CJ) in a research note published on Monday, MarketBeat Ratings reports. They currently have a $20.00 price objective on the stock, down from their previous price objective of $28.00.
CJ has been the topic of several other research reports. Zacks Investment Research raised shares of C&J Energy Services from a sell rating to a hold rating in a research note on Monday, October 8th. Wells Fargo & Co reissued a hold rating on shares of C&J Energy Services in a research note on Friday, November 2nd. Johnson Rice started coverage on shares of C&J Energy Services in a research note on Monday, September 17th. They set an accumulate rating and a $26.00 price objective on the stock. 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 research note on Thursday, August 30th. Finally, Piper Jaffray Companies set a $29.00 price objective on shares of C&J Energy Services and gave the stock a buy rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $30.88.
NYSE:CJ opened at $15.83 on Monday. C&J Energy Services has a one year low of $15.78 and a one year high of $36.57. The stock has a market cap of $1.07 billion, a P/E ratio of 10.92 and a beta of 0.73.
Several hedge funds and other institutional investors have recently modified their holdings of CJ. Principal Financial Group Inc. bought a new position in shares of C&J Energy Services in the first quarter worth approximately $215,000. Amalgamated Bank bought a new position in shares of C&J Energy Services in the second quarter worth approximately $222,000. Municipal Employees Retirement System of Michigan bought a new position in shares of C&J Energy Services in the second quarter worth approximately $423,000. Texas Permanent School Fund bought a new position in shares of C&J Energy Services in the second quarter worth approximately $969,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of C&J Energy Services in the second quarter worth approximately $350,000.
C&J Energy Services Company Profile
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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