Wall Street brokerages expect C&J Energy Services Inc (NYSE:CJ) to report sales of $477.37 million for the current quarter, Zacks reports. Four analysts have made estimates for C&J Energy Services’ earnings, with the highest sales estimate coming in at $485.00 million and the lowest estimate coming in at $467.60 million. The company is scheduled to announce its next earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that C&J Energy Services will report full-year sales of $477.37 million for the current fiscal year, with estimates ranging from $1.61 billion to $1.64 billion. For the next fiscal year, analysts expect that the company will report sales of $2.40 billion per share, with estimates ranging from $2.24 billion to $2.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow C&J Energy Services.
C&J Energy Services (NYSE:CJ) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $442.70 million during the quarter, compared to the consensus estimate of $445.87 million. During the same quarter last year, the company posted ($0.61) EPS. The firm’s revenue was up 13.5% on a year-over-year basis.
A number of research firms recently weighed in on CJ. Stephens began coverage on C&J Energy Services in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $42.00 price target on the stock. Evercore ISI restated an “outperform” rating and issued a $42.00 price target on shares of C&J Energy Services in a research note on Thursday, December 7th. Scotiabank restated a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. BMO Capital Markets restated a “buy” rating and issued a $39.00 price target on shares of C&J Energy Services in a research note on Tuesday, January 16th. Finally, Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.92.
Shares of C&J Energy Services (CJ) opened at $30.02 on Monday. C&J Energy Services has a 12 month low of $24.30 and a 12 month high of $46.00. The firm has a market capitalization of $1,900.00 and a price-to-earnings ratio of 7.98.
In other news, insider Ed Keppler sold 3,500 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $30.21, for a total transaction of $105,735.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tim Wallace sold 2,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.56, for a total value of $59,120.00. Following the sale, the insider now directly owns 12,248 shares in the company, valued at $362,050.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,087,330 shares of company stock worth $32,189,684.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CJ. Vanguard Group Inc. acquired a new stake in shares of C&J Energy Services during the 2nd quarter worth $155,777,000. BlackRock Inc. grew its holdings in shares of C&J Energy Services by 43,395.0% during the 2nd quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after purchasing an additional 3,446,431 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of C&J Energy Services by 53.6% during the 3rd quarter. Wells Fargo & Company MN now owns 3,296,492 shares of the company’s stock worth $98,795,000 after purchasing an additional 1,150,327 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of C&J Energy Services by 31.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,331,707 shares of the company’s stock worth $99,851,000 after purchasing an additional 799,417 shares in the last quarter. Finally, TVR Capital Management LP acquired a new stake in shares of C&J Energy Services during the 2nd quarter worth $24,053,000. 96.46% of the stock is currently owned by institutional investors.
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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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