$0.26 Earnings Per Share Expected for C&J Energy Services Inc (CJ) This Quarter

Wall Street brokerages expect C&J Energy Services Inc (NYSE:CJ) to announce $0.26 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for C&J Energy Services’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.22. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that C&J Energy Services will report full-year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.10) to $0.04. For the next year, analysts expect that the firm will report earnings of $2.63 per share, with EPS estimates ranging from $2.32 to $3.09. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover C&J Energy Services.

C&J Energy Services (NYSE:CJ) last posted its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.10. The company had revenue of $442.70 million during the quarter, compared to the consensus estimate of $445.87 million. During the same quarter in the prior year, the business earned ($0.61) EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year.

A number of research analysts have recently weighed in on CJ shares. Morgan Stanley upgraded C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Tuesday, November 14th. Jefferies Group set a $40.00 target price on C&J Energy Services and gave the company a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, December 15th. Deutsche Bank restated a “buy” rating and issued a $39.00 target price on shares of C&J Energy Services in a report on Tuesday, October 10th. Finally, ValuEngine lowered C&J Energy Services from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company. C&J Energy Services presently has an average rating of “Buy” and a consensus price target of $40.92.

In related news, insider Tim Wallace sold 2,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $29.56, for a total transaction of $59,120.00. Following the completion of the sale, the insider now directly owns 12,248 shares of the company’s stock, valued at $362,050.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 632,530 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $29.59, for a total value of $18,716,562.70. The disclosure for this sale can be found here. Insiders have sold 1,087,330 shares of company stock valued at $32,189,684 over the last ninety days.

A number of large investors have recently added to or reduced their stakes in CJ. Vanguard Group Inc. purchased a new stake in C&J Energy Services in the second quarter worth $155,777,000. BlackRock Inc. increased its position in C&J Energy Services by 43,395.0% in the second quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after buying an additional 3,446,431 shares during the last quarter. Wells Fargo & Company MN increased its position in C&J Energy Services by 53.6% in the third quarter. Wells Fargo & Company MN now owns 3,296,492 shares of the company’s stock worth $98,795,000 after buying an additional 1,150,327 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in C&J Energy Services by 31.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,331,707 shares of the company’s stock worth $99,851,000 after buying an additional 799,417 shares during the last quarter. Finally, TVR Capital Management LP purchased a new stake in C&J Energy Services in the second quarter worth $24,053,000. 96.41% of the stock is owned by institutional investors and hedge funds.

C&J Energy Services (NYSE CJ) opened at $28.09 on Friday. C&J Energy Services has a fifty-two week low of $24.30 and a fifty-two week high of $45.20.

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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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Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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