Shares of C&J Energy Services Inc (NYSE:CJ) have earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.14.
A number of equities research analysts have commented on the company. Morgan Stanley set a $20.00 price objective on C&J Energy Services and gave the stock a “hold” rating in a research report on Monday, May 13th. Citigroup set a $13.00 price objective on e.l.f. Beauty and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, Piper Jaffray Companies decreased their price objective on Ocular Therapeutix to $8.00 and set a “market perform” rating for the company in a research report on Monday, May 20th.
A number of hedge funds and other institutional investors have recently made changes to their positions in CJ. Pzena Investment Management LLC raised its stake in shares of C&J Energy Services by 112.6% during the 1st quarter. Pzena Investment Management LLC now owns 2,492,932 shares of the company’s stock worth $38,690,000 after purchasing an additional 1,320,597 shares in the last quarter. Oaktree Capital Management LP purchased a new stake in shares of C&J Energy Services during the 4th quarter worth about $17,887,000. Schneider Capital Management Corp raised its stake in shares of C&J Energy Services by 19.3% during the 1st quarter. Schneider Capital Management Corp now owns 1,091,425 shares of the company’s stock worth $16,939,000 after purchasing an additional 176,569 shares in the last quarter. Citigroup Inc. raised its stake in shares of C&J Energy Services by 3.9% during the 1st quarter. Citigroup Inc. now owns 1,056,364 shares of the company’s stock worth $16,394,000 after purchasing an additional 39,522 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of C&J Energy Services by 16.5% during the 4th quarter. Bank of New York Mellon Corp now owns 901,687 shares of the company’s stock worth $12,173,000 after purchasing an additional 127,434 shares in the last quarter.
Shares of NYSE:CJ traded up $0.26 during midday trading on Friday, reaching $10.46. The company had a trading volume of 812,555 shares, compared to its average volume of 851,661. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.88 and a current ratio of 2.13. C&J Energy Services has a 1-year low of $9.96 and a 1-year high of $24.82. The company has a market capitalization of $690.72 million, a price-to-earnings ratio of 12.91 and a beta of 1.38. The company has a fifty day simple moving average of $11.74.
C&J Energy Services (NYSE:CJ) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.14. C&J Energy Services had a positive return on equity of 0.64% and a negative net margin of 7.99%. The firm had revenue of $510.80 million during the quarter, compared to analyst estimates of $477.56 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that C&J Energy Services will post -0.47 earnings per share for the current fiscal year.
About C&J Energy Services
C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments.
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