C&J Energy Services Inc (NYSE:CJ) has received an average rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.80.

Several equities analysts have recently commented on CJ shares. Wells Fargo & Co reiterated a “hold” rating on shares of C&J Energy Services in a research note on Thursday, September 6th. Citigroup increased their target price on C&J Energy Services from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. BMO Capital Markets reduced their target price on C&J Energy Services from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. ValuEngine upgraded C&J Energy Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, October 8th.

CJ traded down $0.42 on Friday, reaching $20.04. 564,300 shares of the company’s stock were exchanged, compared to its average volume of 1,012,072. The company has a market cap of $1.39 billion, a PE ratio of -148.64 and a beta of 0.65. C&J Energy Services has a twelve month low of $18.86 and a twelve month high of $36.57.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The company had revenue of $610.52 million during the quarter, compared to analysts’ expectations of $598.66 million. C&J Energy Services had a return on equity of 7.52% and a net margin of 5.56%. The firm’s revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) EPS. On average, analysts expect that C&J Energy Services will post 1.07 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in shares of C&J Energy Services by 7.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 297,258 shares of the company’s stock valued at $7,676,000 after purchasing an additional 20,293 shares during the period. Northern Trust Corp increased its holdings in shares of C&J Energy Services by 11.8% during the first quarter. Northern Trust Corp now owns 611,772 shares of the company’s stock valued at $15,796,000 after purchasing an additional 64,657 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of C&J Energy Services by 2,678.6% during the first quarter. JPMorgan Chase & Co. now owns 278,226 shares of the company’s stock valued at $7,184,000 after purchasing an additional 268,213 shares during the period. New York State Common Retirement Fund increased its holdings in shares of C&J Energy Services by 20.7% during the first quarter. New York State Common Retirement Fund now owns 211,291 shares of the company’s stock valued at $5,456,000 after purchasing an additional 36,212 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of C&J Energy Services by 113.3% during the first quarter. Russell Investments Group Ltd. now owns 272,226 shares of the company’s stock valued at $7,029,000 after purchasing an additional 144,612 shares during the period. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

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

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