Zacks Investment Research upgraded shares of C&J Energy Services, Inc. (NYSE:CJ) from a sell rating to a hold rating in a report released on Wednesday.

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. “

A number of other analysts have also weighed in on the stock. Morgan Stanley raised shares of C&J Energy Services from an equal weight rating to an overweight rating and set a $44.00 price objective on the stock in a research report on Tuesday. Deutsche Bank AG reissued a buy rating and issued a $39.00 price objective on shares of C&J Energy Services in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a buy rating and issued a $36.00 price objective on shares of C&J Energy Services in a research report on Friday, October 6th. Guggenheim started coverage on shares of C&J Energy Services in a research report on Thursday, September 7th. They issued a buy rating and a $37.00 price objective on the stock. Finally, Scotiabank reissued a hold rating on shares of C&J Energy Services in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $40.25.

C&J Energy Services (CJ) traded up $0.41 during trading on Wednesday, reaching $29.74. 955,241 shares of the company were exchanged, compared to its average volume of 685,826. C&J Energy Services has a 12 month low of $24.30 and a 12 month high of $46.30.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.10. The firm had revenue of $442.70 million during the quarter, compared to analysts’ expectations of $445.87 million. During the same period last year, the company earned ($0.61) earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. equities research analysts predict that C&J Energy Services will post -0.12 earnings per share for the current fiscal year.

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In other news, insider Ed Keppler sold 3,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $30.21, for a total transaction of $105,735.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $28.80, for a total transaction of $720,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 233,309 shares of company stock worth $6,830,187.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CJ. Ameritas Investment Partners Inc. bought a new position in shares of C&J Energy Services during the second quarter valued at approximately $140,000. Quantbot Technologies LP bought a new position in shares of C&J Energy Services during the second quarter valued at approximately $144,000. SG Americas Securities LLC bought a new position in shares of C&J Energy Services during the second quarter valued at approximately $152,000. US Bancorp DE bought a new position in shares of C&J Energy Services during the second quarter valued at approximately $168,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of C&J Energy Services during the second quarter valued at approximately $199,000.

C&J Energy Services Company Profile

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

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