C&J Energy Services (NYSE:CJ) had its price objective increased by Bank of America from $27.00 to $28.00 in a report issued on Friday morning. They currently have a buy rating on the stock.
Other equities research analysts have also issued research reports about the company. Citigroup dropped their price target on C&J Energy Services from $26.00 to $25.00 and set a neutral rating on the stock in a research note on Friday, August 31st. Guggenheim lowered C&J Energy Services from a buy rating to a neutral rating in a research note on Friday, July 6th. Morgan Stanley lowered C&J Energy Services from an overweight rating to an equal weight rating and set a $40.00 target price on the stock. in a research report on Thursday, July 12th. BMO Capital Markets set a $30.00 target price on C&J Energy Services and gave the company a buy rating in a research report on Wednesday, July 11th. Finally, ValuEngine lowered C&J Energy Services from a sell rating to a strong sell rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $34.08.
Shares of CJ stock opened at $20.66 on Friday. C&J Energy Services has a fifty-two week low of $16.82 and a fifty-two week high of $36.57. The stock has a market cap of $1.40 billion, a PE 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 issued its quarterly earnings results on Thursday, November 1st. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $567.92 million for the quarter, compared to analyst estimates of $586.66 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. As a group, research analysts forecast that C&J Energy Services will post 1.07 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in 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 buying an additional 5,310,518 shares during the last quarter. Point72 Asset Management L.P. boosted its position 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 buying an additional 1,745,390 shares during the last quarter. Towle & Co. purchased a new stake in C&J Energy Services in the third quarter valued at approximately $23,996,000. Dalton Greiner Hartman Maher & Co. boosted its position 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 buying 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 period. Hedge funds and other 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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