Zacks Investment Research downgraded shares of C&J Energy Services, Inc. (NYSE:CJ) from a hold rating to a sell rating in a research report report published on Thursday.

According to Zacks, “C&J Energy Services, Inc. is a provider of on-shore well construction, well completion, well support and other complementary oilfield services to oil and gas exploration and production companies. It offers hydraulic fracturing, cased-hole wireline, coiled tubing, cementing, rig services, fluids management services and other special well site services. The company operates primarily in United States and Western Canada. C&J Energy Services, Inc. is based in Houston, United States. “

Other research analysts have also issued reports about the company. 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. Scotiabank reaffirmed a hold rating on shares of C&J Energy Services in a report on Tuesday, October 10th. Jefferies Group LLC began coverage on C&J Energy Services in a report on Thursday, July 13th. They set a buy rating and a $43.00 target price on the stock. Guggenheim began 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. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $39.00 target price on shares of C&J Energy Services in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $39.25.

C&J Energy Services (NYSE CJ) traded up $0.66 during trading hours on Thursday, reaching $28.28. The company had a trading volume of 455,461 shares, compared to its average volume of 461,513. C&J Energy Services has a 1 year low of $24.30 and a 1 year high of $46.30.

TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.watchlistnews.com/cj-energy-services-inc-cj-lowered-to-sell-at-zacks-investment-research/1681269.html.

In related news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of C&J Energy Services stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $29.83, for a total value of $889,202.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 229,809 shares of company stock worth $6,724,452 in the last three months.

A number of hedge funds and other institutional investors have recently made changes to their positions in CJ. Ameritas Investment Partners Inc. acquired a new stake in C&J Energy Services during the 2nd quarter worth about $140,000. Quantbot Technologies LP acquired a new stake in C&J Energy Services during the 2nd quarter worth about $144,000. SG Americas Securities LLC acquired a new stake in C&J Energy Services during the 2nd quarter worth about $152,000. US Bancorp DE acquired a new stake in C&J Energy Services during the 2nd quarter worth about $168,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in C&J Energy Services during the 2nd quarter worth about $199,000.

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.

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

Receive News & Ratings for C&J Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.