C&J Energy Services Inc (CJ) Receives Average Rating of “Hold” from Analysts

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Shares of C&J Energy Services Inc (NYSE:CJ) have received an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $33.80.

A number of brokerages have commented on CJ. Wells Fargo & Co restated a “hold” rating on shares of C&J Energy Services in a research report on Thursday, September 6th. Citigroup raised their price objective on C&J Energy Services from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. BMO Capital Markets decreased their price objective on C&J Energy Services from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. ValuEngine upgraded C&J Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, October 8th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sound Point Capital Management LP raised its stake in shares of C&J Energy Services by 5.5% during the 2nd quarter. Sound Point Capital Management LP now owns 543,250 shares of the company’s stock worth $12,821,000 after purchasing an additional 28,220 shares in the last quarter. Texas Permanent School Fund purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $969,000. Royce & Associates LP purchased a new stake in shares of C&J Energy Services during the 2nd quarter worth about $545,000. BlackRock Inc. raised its stake in shares of C&J Energy Services by 139.2% in the 2nd quarter. BlackRock Inc. now owns 9,126,478 shares of the company’s stock valued at $215,387,000 after acquiring an additional 5,310,518 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of C&J Energy Services by 82.0% in the 1st quarter. Guggenheim Capital LLC now owns 31,728 shares of the company’s stock valued at $820,000 after acquiring an additional 14,295 shares in the last quarter. 99.75% of the stock is owned by institutional investors.

NYSE CJ traded down $0.42 during trading on Friday, reaching $20.04. 564,300 shares of the company’s stock were exchanged, compared to its average volume of 1,012,072. C&J Energy Services has a fifty-two week low of $18.86 and a fifty-two week high of $36.57. The firm has a market capitalization of $1.39 billion, a PE ratio of -148.64 and a beta of 0.65.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). C&J Energy Services had a return on equity of 7.52% and a net margin of 5.56%. The business had revenue of $610.52 million for the quarter, compared to analyst estimates of $598.66 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. The company’s revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts forecast that C&J Energy Services will post 1.07 EPS 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 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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