C&J Energy Services Inc (NYSE:CJ) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.90.
A number of equities analysts recently issued reports on CJ shares. BMO Capital Markets restated an “average” rating and set a $4.00 price objective on shares of C&J Energy Services in a report on Monday, December 10th. Bank of America boosted their price objective on C&J Energy Services from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 2nd. Piper Jaffray Companies set a $29.00 target price on C&J Energy Services and gave the stock a “buy” rating in a report on Tuesday, November 6th. Canaccord Genuity reiterated a “buy” rating and issued a $4.25 target price on shares of C&J Energy Services in a report on Thursday, November 29th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of C&J Energy Services in a report on Tuesday, December 11th.
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CJ traded up $0.07 during trading hours on Thursday, reaching $17.70. 1,478,388 shares of the company’s stock traded hands, compared to its average volume of 673,626. C&J Energy Services has a 52-week low of $12.35 and a 52-week high of $32.08. The stock has a market cap of $1.16 billion, a P/E ratio of -126.43 and a beta of 1.52.
C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, February 21st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.01. C&J Energy Services had a return on equity of 7.19% and a net margin of 5.24%. The company had revenue of $490.60 million during the quarter, compared to analysts’ expectations of $489.07 million. During the same quarter in the previous year, the business earned $0.31 EPS. C&J Energy Services’s revenue was down .2% compared to the same quarter last year. Sell-side analysts anticipate that C&J Energy Services will post 0.74 EPS for the current fiscal year.
In other news, insider Donald Jeffrey Gawick bought 7,030 shares of the stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $102,638.00. Following the acquisition, the insider now owns 185,643 shares of the company’s stock, valued at $2,710,387.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.05% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of C&J Energy Services by 2.0% during the 3rd quarter. BlackRock Inc. now owns 9,305,173 shares of the company’s stock worth $193,547,000 after purchasing an additional 178,695 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of C&J Energy Services by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 6,278,758 shares of the company’s stock worth $130,598,000 after purchasing an additional 83,861 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of C&J Energy Services by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,278,758 shares of the company’s stock worth $130,598,000 after purchasing an additional 83,861 shares during the last quarter. Key Group Holdings Cayman LTD. lifted its stake in shares of C&J Energy Services by 46.8% during the 3rd quarter. Key Group Holdings Cayman LTD. now owns 1,673,816 shares of the company’s stock worth $34,815,000 after purchasing an additional 533,721 shares during the last quarter. Finally, Oaktree Capital Management LP purchased a new stake in shares of C&J Energy Services during the 4th quarter worth $17,887,000.
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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