Piper Jaffray Companies set a $29.00 price objective on C&J Energy Services (NYSE:CJ) in a report published on Tuesday. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts also recently issued reports on CJ. Citigroup downgraded C&J Energy Services from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a research report on Monday, July 9th. Cleveland Research downgraded C&J Energy Services from a buy rating to a neutral rating in a research report on Tuesday, October 30th. BMO Capital Markets reissued a buy rating and set a $27.00 price target on shares of C&J Energy Services in a research report on Monday. Bank of America raised their target price on C&J Energy Services from $27.00 to $28.00 and gave the company a buy rating in a report on Friday, November 2nd. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of C&J Energy Services in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. C&J Energy Services has a consensus rating of Hold and an average price target of $33.69.
Shares of NYSE:CJ opened at $20.27 on Tuesday. The company has a market cap of $1.40 billion, a P/E ratio of -144.79, a P/E/G ratio of 0.21 and a beta of 0.78. C&J Energy Services has a 1 year low of $16.82 and a 1 year high of $36.57.
C&J Energy Services (NYSE:CJ) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $567.92 million for the quarter, compared to the consensus estimate of $586.66 million. C&J Energy Services had a return on equity of 7.19% and a net margin of 5.24%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Analysts forecast that C&J Energy Services will post 1.03 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of CJ. Sound Point Capital Management LP lifted its stake in shares of C&J Energy Services by 5.5% in the 2nd quarter. Sound Point Capital Management LP now owns 543,250 shares of the company’s stock valued at $12,821,000 after acquiring an additional 28,220 shares during the last quarter. Texas Permanent School Fund bought a new position in shares of C&J Energy Services in the 2nd quarter valued at $969,000. Royce & Associates LP bought a new position in shares of C&J Energy Services in the 2nd quarter valued at $545,000. BlackRock Inc. lifted its stake in shares of C&J Energy Services by 139.2% in the 2nd quarter. BlackRock Inc. now owns 9,126,478 shares of the company’s stock valued at $215,387,000 after acquiring an additional 5,310,518 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of C&J Energy Services by 82.0% in the 1st quarter. Guggenheim Capital LLC now owns 31,728 shares of the company’s stock valued at $820,000 after acquiring an additional 14,295 shares during the last quarter. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
About C&J Energy Services
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.
Featured Article: Stop Order Uses For Individual Investors
Receive News & Ratings for C&J Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.