Zacks Investment Research cut shares of C&J Energy Services (NYSE:CJ) from a hold rating to a sell rating in a research report report published on Monday morning.
According to Zacks, “C&J Energy Services, Inc. is a provider of on-shore well construction, well completion, well support and other complementary oilfield services to oil and gas exploration and production companies. It offers hydraulic fracturing, cased-hole wireline, coiled tubing, cementing, rig services, fluids management services and other special well site services. The company operates primarily in United States and Western Canada. C&J Energy Services, Inc. is based in Houston, United States. “
Several other equities research analysts have also recently commented on the company. Morgan Stanley upgraded C&J Energy Services from an equal weight rating to an overweight rating and set a $44.00 target price on the stock in a research note on Tuesday, November 14th. Guggenheim restated a buy rating and issued a $41.00 target price on shares of C&J Energy Services in a research note on Tuesday, January 23rd. BMO Capital Markets restated a buy rating and issued a $39.00 target price on shares of C&J Energy Services in a research note on Tuesday, January 16th. Jefferies Group restated a buy rating and issued a $38.00 target price on shares of C&J Energy Services in a research note on Monday, November 13th. Finally, Citigroup boosted their target price on C&J Energy Services from $36.00 to $40.00 and gave the company a buy rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $39.69.
C&J Energy Services (NYSE:CJ) last released its earnings results on Thursday, February 22nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The firm had revenue of $491.75 million during the quarter, compared to the consensus estimate of $477.37 million. equities analysts forecast that C&J Energy Services will post 2.72 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of C&J Energy Services during the 4th quarter worth approximately $784,000. Jane Street Group LLC raised its stake in shares of C&J Energy Services by 27.8% during the 4th quarter. Jane Street Group LLC now owns 10,383 shares of the company’s stock worth $348,000 after purchasing an additional 2,259 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in shares of C&J Energy Services during the 4th quarter worth approximately $1,457,000. Greenhouse Funds LLLP bought a new stake in shares of C&J Energy Services during the 4th quarter worth approximately $6,097,000. Finally, Teachers Advisors LLC raised its stake in shares of C&J Energy Services by 36.2% during the 4th quarter. Teachers Advisors LLC now owns 621,914 shares of the company’s stock worth $20,815,000 after purchasing an additional 165,182 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.
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About C&J Energy Services
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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