Q4 2017 Earnings Forecast for C&J Energy Services Inc (CJ) Issued By Jefferies Group

C&J Energy Services Inc (NYSE:CJ) – Investment analysts at Jefferies Group raised their Q4 2017 earnings per share estimates for shares of C&J Energy Services in a research note issued on Thursday. Jefferies Group analyst B. Handler now expects that the company will earn $0.24 per share for the quarter, up from their prior estimate of $0.21. Jefferies Group currently has a “Buy” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for C&J Energy Services’ Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.69 EPS and Q4 2018 earnings at $0.71 EPS.

A number of other analysts have also weighed in on CJ. Guggenheim initiated coverage on C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 target price for the company. Deutsche Bank restated a “buy” rating and issued a $39.00 target price on shares of C&J Energy Services in a research note on Tuesday, October 10th. Scotiabank restated a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 10th. Finally, Morgan Stanley upgraded C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 target price for the company in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. C&J Energy Services presently has a consensus rating of “Buy” and an average price target of $40.67.

C&J Energy Services (NYSE CJ) opened at $34.31 on Friday. C&J Energy Services has a 12 month low of $24.30 and a 12 month high of $46.30. The stock has a market capitalization of $2,170.00 and a price-to-earnings ratio of 9.13.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. The company had revenue of $442.70 million for the quarter, compared to analyst estimates of $445.87 million. During the same quarter in the prior year, the company earned ($0.61) earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of CJ. Ameritas Investment Partners Inc. bought a new position in C&J Energy Services during the second quarter worth about $140,000. Quantbot Technologies LP bought a new position in C&J Energy Services during the second quarter worth about $144,000. SG Americas Securities LLC bought a new position in C&J Energy Services during the second quarter worth about $152,000. BNP Paribas Arbitrage SA bought a new position in C&J Energy Services during the second quarter worth about $199,000. Finally, Virtu KCG Holdings LLC bought a new position in C&J Energy Services during the second quarter worth about $206,000.

In related news, insider Ed Keppler sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $30.21, for a total value of $105,735.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 632,530 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $29.59, for a total value of $18,716,562.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,112,330 shares of company stock worth $32,909,684.

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C&J Energy Services Company Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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