C&J Energy Services (CJ) PT Set at $15.00 by Credit Suisse Group

C&J Energy Services (NYSE:CJ) received a $15.00 target price from equities researchers at Credit Suisse Group in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock.

Several other research firms have also weighed in on CJ. Canaccord Genuity restated a “buy” rating and set a $4.25 price target on shares of C&J Energy Services in a report on Thursday, November 29th. Jefferies Financial Group set a $18.00 price target on C&J Energy Services and gave the company a “hold” rating in a report on Friday, February 22nd. Bank of America restated a “buy” rating and set a $20.00 price target (down previously from $28.00) on shares of C&J Energy Services in a report on Monday, December 3rd. GMP Securities restated a “buy” rating and set a $4.00 price target on shares of C&J Energy Services in a report on Sunday, March 3rd. Finally, ValuEngine lowered C&J Energy Services from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.17.

NYSE:CJ traded down $0.87 during midday trading on Thursday, hitting $15.00. 1,020,036 shares of the company traded hands, compared to its average volume of 1,227,489. C&J Energy Services has a 12-month low of $12.35 and a 12-month high of $32.08. The firm has a market capitalization of $1.05 billion, a PE ratio of 18.52 and a beta of 1.57.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings results on Thursday, February 21st. The company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.01. C&J Energy Services had a positive return on equity of 4.14% and a negative net margin of 5.85%. The company had revenue of $490.60 million for the quarter, compared to analyst estimates of $489.07 million. During the same quarter in the prior year, the firm posted $0.31 EPS. C&J Energy Services’s quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts anticipate that C&J Energy Services will post -0.62 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in C&J Energy Services by 281.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,129 shares of the company’s stock valued at $28,000 after acquiring an additional 1,571 shares during the last quarter. Covington Capital Management bought a new position in C&J Energy Services in the 4th quarter valued at $86,000. Tower Research Capital LLC TRC grew its position in C&J Energy Services by 14,486.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,543 shares of the company’s stock valued at $115,000 after acquiring an additional 5,505 shares during the last quarter. Neuburgh Advisers LLC grew its position in C&J Energy Services by 25.5% in the 4th quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock valued at $127,000 after acquiring an additional 1,904 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in C&J Energy Services by 56.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,935 shares of the company’s stock valued at $134,000 after acquiring an additional 3,568 shares during the last quarter.

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.

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Analyst Recommendations for C&J Energy Services (NYSE:CJ)

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