Equities research analysts expect C&J Energy Services Inc (NYSE:CJ) to report sales of $465.12 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for C&J Energy Services’ earnings. The lowest sales estimate is $463.10 million and the highest is $466.36 million. C&J Energy Services reported sales of $567.92 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that C&J Energy Services will report full-year sales of $1.91 billion for the current year, with estimates ranging from $1.90 billion to $1.92 billion. For the next year, analysts expect that the business will report sales of $1.91 billion, with estimates ranging from $1.81 billion to $2.08 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for C&J Energy Services.
C&J Energy Services (NYSE:CJ) last posted its earnings results on Tuesday, August 6th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.15). The company had revenue of $501.08 million for the quarter, compared to the consensus estimate of $535.43 million. C&J Energy Services had a negative net margin of 15.12% and a negative return on equity of 3.35%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share.
Several equities analysts have recently commented on CJ shares. Morgan Stanley set a $20.00 target price on C&J Energy Services and gave the company a “hold” rating in a report on Monday, May 13th. Piper Jaffray Companies set a $21.00 target price on C&J Energy Services and gave the company a “buy” rating in a report on Monday, May 20th. ValuEngine raised C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup raised C&J Energy Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $19.00 to $20.00 in a report on Monday, May 13th. Finally, Raymond James reaffirmed a “hold” rating and set a $4.00 target price on shares of C&J Energy Services in a report on Wednesday, July 31st. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.92.
Shares of NYSE:CJ traded down $0.40 during trading on Friday, hitting $8.93. 366,670 shares of the company traded hands, compared to its average volume of 943,463. The stock has a market capitalization of $645.13 million, a price-to-earnings ratio of 11.02 and a beta of 1.37. The business’s fifty day moving average is $10.26 and its 200-day moving average is $13.54. C&J Energy Services has a one year low of $8.69 and a one year high of $24.57. The company has a quick ratio of 1.92, a current ratio of 2.15 and a debt-to-equity ratio of 0.02.
Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in C&J Energy Services in the 2nd quarter worth approximately $35,000. Royal Bank of Canada grew its holdings in C&J Energy Services by 8,813.9% in the 2nd quarter. Royal Bank of Canada now owns 3,209 shares of the company’s stock worth $38,000 after buying an additional 3,173 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in C&J Energy Services in the 2nd quarter worth approximately $41,000. Price Wealth Management Inc. bought a new position in C&J Energy Services in the 2nd quarter worth approximately $56,000. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in C&J Energy Services in the second quarter worth approximately $123,000.
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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