Wells Fargo & Co reissued their hold rating on shares of C&J Energy Services (NYSE:CJ) in a report released on Friday morning.
Several other equities analysts also recently issued reports on the stock. Cleveland Research downgraded shares of C&J Energy Services from a buy rating to a neutral rating in a report on Tuesday. Bank of America assumed coverage on shares of C&J Energy Services in a report on Wednesday, October 17th. They set a buy rating on the stock. Citigroup set a $24.00 price objective on shares of C&J Energy Services and gave the company a hold rating in a report on Tuesday, October 9th. Zacks Investment Research upgraded shares of C&J Energy Services from a sell rating to a hold rating in a report on Monday, October 8th. Finally, Jefferies Financial Group set a $25.00 price objective on shares of C&J Energy Services and gave the company a buy rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. C&J Energy Services has an average rating of Hold and a consensus target price of $34.15.
Shares of CJ traded up $1.20 during mid-day trading on Friday, hitting $20.51. 1,348,717 shares of the company traded hands, compared to its average volume of 934,302. C&J Energy Services has a 1-year low of $16.82 and a 1-year high of $36.57. The company has a market cap of $1.40 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.21 and a beta of 0.78.
C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. C&J Energy Services had a net margin of 5.24% and a return on equity of 7.19%. The firm had revenue of $567.92 million for the quarter, compared to the consensus estimate of $586.66 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, research analysts expect that C&J Energy Services will post 1.07 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Neuburgh Advisers LLC acquired a new position in C&J Energy Services in the 2nd quarter worth approximately $176,000. NumerixS Investment Technologies Inc acquired a new position in C&J Energy Services in the 2nd quarter worth approximately $191,000. Riverhead Capital Management LLC acquired a new position in C&J Energy Services in the 2nd quarter worth approximately $194,000. Principal Financial Group Inc. acquired a new position in C&J Energy Services in the 1st quarter worth approximately $215,000. Finally, Fox Run Management L.L.C. acquired a new position in C&J Energy Services in the 3rd quarter worth approximately $215,000. Institutional investors own 99.75% of the company’s stock.
C&J Energy Services Company Profile
C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.
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