C&J Energy Services (NYSE:CJ)‘s stock had its “buy” rating restated by stock analysts at BMO Capital Markets in a research note issued on Monday. They currently have a $27.00 price objective on the stock. BMO Capital Markets’ price objective points to a potential upside of 30.69% from the stock’s previous close.
Several other equities research analysts have also commented on CJ. Citigroup lowered C&J Energy Services from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Monday, July 9th. Morgan Stanley lowered C&J Energy Services from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a research note on Thursday, July 12th. ValuEngine upgraded C&J Energy Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Piper Jaffray Companies set a $34.00 price objective on C&J Energy Services and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Wells Fargo & Co restated a “hold” rating on shares of C&J Energy Services in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.08.
NYSE:CJ traded up $0.15 during trading hours on Monday, hitting $20.66. 861,300 shares of the stock were exchanged, compared to its average volume of 1,017,779. C&J Energy Services has a 52-week low of $16.82 and a 52-week high of $36.57. The firm has a market cap of $1.40 billion, a P/E ratio of -147.57, 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. C&J Energy Services had a return on equity of 7.19% and a net margin of 5.24%. The company had revenue of $567.92 million during the quarter, compared to analyst estimates of $586.66 million. During the same period in the previous year, the business earned $0.18 EPS. C&J Energy Services’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts anticipate that C&J Energy Services will post 1.07 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of C&J Energy Services by 139.2% in the second quarter. BlackRock Inc. now owns 9,126,478 shares of the company’s stock valued at $215,387,000 after purchasing an additional 5,310,518 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in C&J Energy Services by 134.6% in the second quarter. Point72 Asset Management L.P. now owns 3,041,980 shares of the company’s stock valued at $71,791,000 after acquiring an additional 1,745,390 shares during the last quarter. Towle & Co. acquired a new position in C&J Energy Services in the third quarter valued at approximately $23,996,000. Dalton Greiner Hartman Maher & Co. lifted its holdings in C&J Energy Services by 17.3% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 926,984 shares of the company’s stock valued at $19,281,000 after acquiring an additional 136,834 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in C&J Energy Services by 31.3% in the second quarter. Northern Trust Corp now owns 803,516 shares of the company’s stock valued at $18,963,000 after acquiring an additional 191,744 shares during the last quarter. Institutional investors and hedge funds 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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