Piper Jaffray Reiterates $35.00 Price Target for C&J Energy Services (CJ)

Piper Jaffray set a $35.00 price target on C&J Energy Services (NYSE:CJ) in a research note released on Tuesday. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on CJ. Guggenheim reiterated a buy rating and set a $41.00 price target on shares of C&J Energy Services in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of C&J Energy Services from a hold rating to a sell rating in a research report on Monday, February 26th. Citigroup lowered their price target on shares of C&J Energy Services from $43.00 to $38.00 and set a buy rating for the company in a research report on Tuesday, February 13th. Credit Suisse Group reiterated an outperform rating and set a $32.00 price target (down previously from $40.00) on shares of C&J Energy Services in a research report on Monday, February 26th. Finally, BMO Capital Markets reissued a buy rating and set a $39.00 price objective on shares of C&J Energy Services in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $39.38.

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Shares of NYSE:CJ opened at $25.59 on Tuesday. C&J Energy Services has a one year low of $22.99 and a one year high of $36.78. The company has a market cap of $1,835.56 and a PE ratio of 178.73.

C&J Energy Services (NYSE:CJ) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $491.75 million for the quarter, compared to analyst estimates of $477.37 million. research analysts expect that C&J Energy Services will post 3.16 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CJ. Bank of New York Mellon Corp boosted its stake in C&J Energy Services by 5.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 208,451 shares of the company’s stock worth $6,248,000 after acquiring an additional 11,040 shares during the last quarter. SG Americas Securities LLC boosted its stake in C&J Energy Services by 135.8% during the 3rd quarter. SG Americas Securities LLC now owns 10,443 shares of the company’s stock worth $313,000 after acquiring an additional 6,014 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in C&J Energy Services by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 522,270 shares of the company’s stock worth $15,652,000 after acquiring an additional 2,780 shares during the last quarter. American International Group Inc. boosted its stake in C&J Energy Services by 8.1% during the 3rd quarter. American International Group Inc. now owns 31,119 shares of the company’s stock worth $933,000 after acquiring an additional 2,327 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in C&J Energy Services by 77.0% during the 3rd quarter. Legal & General Group Plc now owns 18,760 shares of the company’s stock worth $562,000 after acquiring an additional 8,163 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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