Brokerages predict that C&J Energy Services Inc (NYSE:CJ) will announce earnings per share (EPS) of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for C&J Energy Services’ earnings. The lowest EPS estimate is $0.36 and the highest is $0.46. C&J Energy Services posted earnings of ($0.32) per share in the same quarter last year, which would indicate a positive year over year growth rate of 225%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 3rd.
On average, analysts expect that C&J Energy Services will report full-year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.76 to $3.34. For the next year, analysts expect that the firm will report earnings of $4.82 per share, with EPS estimates ranging from $2.96 to $6.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for C&J Energy Services.
C&J Energy Services (NYSE:CJ) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $491.75 million for the quarter, compared to the consensus estimate of $477.37 million.
A number of research firms have commented on CJ. Piper Jaffray set a $35.00 price target on C&J Energy Services and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Morgan Stanley lowered their price target on C&J Energy Services from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 11th. Jefferies Group set a $40.00 price target on C&J Energy Services and gave the company a “buy” rating in a research report on Thursday, January 4th. Stephens began coverage on C&J Energy Services in a research report on Tuesday, January 9th. They set an “overweight” rating and a $42.00 price target for the company. Finally, ValuEngine lowered C&J Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.08.
CJ opened at $29.08 on Thursday. The company has a market cap of $1,950.59 and a price-to-earnings ratio of -207.86. C&J Energy Services has a one year low of $22.99 and a one year high of $36.78.
Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of C&J Energy Services in the 4th quarter worth approximately $109,000. Amalgamated Bank purchased a new stake in shares of C&J Energy Services in the 4th quarter worth approximately $208,000. Jane Street Group LLC purchased a new stake in shares of C&J Energy Services in the 3rd quarter worth approximately $243,000. ETRADE Capital Management LLC purchased a new stake in shares of C&J Energy Services in the 4th quarter worth approximately $246,000. Finally, SG Americas Securities LLC grew its stake in shares of C&J Energy Services by 135.8% in the 3rd quarter. SG Americas Securities LLC now owns 10,443 shares of the company’s stock worth $313,000 after buying an additional 6,014 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.
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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.
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