C&J Energy Services Inc (NYSE:CJ) has earned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $40.50.

Several analysts have recently commented on CJ shares. Guggenheim started coverage on C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $36.00 price objective on shares of C&J Energy Services in a research note on Friday, October 6th. Deutsche Bank reissued a “buy” rating and issued a $39.00 price objective on shares of C&J Energy Services in a research note on Tuesday, October 10th. Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 10th.

In other news, insider Ed Keppler sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $30.21, for a total value of $105,735.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total value of $889,202.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,317,139 shares of company stock valued at $38,914,136.

Hedge funds have recently added to or reduced their stakes in the company. Rubric Capital Management LP bought a new position in C&J Energy Services during the third quarter valued at $15,191,000. Energy Opportunities Capital Management LLC grew its holdings in C&J Energy Services by 43.6% during the third quarter. Energy Opportunities Capital Management LLC now owns 30,345 shares of the company’s stock valued at $909,000 after purchasing an additional 9,210 shares during the period. GSA Capital Partners LLP bought a new position in C&J Energy Services during the third quarter valued at $360,000. Jane Street Group LLC bought a new position in C&J Energy Services during the third quarter valued at $243,000. Finally, Fine Capital Partners L.P. grew its holdings in C&J Energy Services by 77.4% during the third quarter. Fine Capital Partners L.P. now owns 471,766 shares of the company’s stock valued at $14,139,000 after purchasing an additional 205,900 shares during the period.

Shares of C&J Energy Services (NYSE:CJ) traded up $0.42 during trading on Friday, hitting $32.72. The stock had a trading volume of 711,581 shares, compared to its average volume of 677,340. 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 issued its quarterly earnings data on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.07 by $0.10. The company had revenue of $442.70 million during the quarter, compared to analysts’ expectations of $445.87 million. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned ($0.61) earnings per share. equities research analysts predict that C&J Energy Services will post -0.05 EPS for the current year.

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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)

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