C&J Energy Services Coverage Initiated by Analysts at Barclays Capital (CJES)
Analysts at Barclays Capital began coverage on shares of C&J Energy Services (NASDAQ:CJES) in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm set an “overweight” rating on the stock.
Shares of C&J Energy Services (NASDAQ:CJES) traded up 1.31% during mid-day trading on Tuesday, hitting $21.65. 83,240 shares of the company’s stock traded hands. C&J Energy Services has a 52-week low of $17.45 and a 52-week high of $25.35. The stock has a 50-day moving average of $20.64 and a 200-day moving average of $20.4. The company has a market cap of $1.177 billion and a P/E ratio of 9.30.
C&J Energy Services (NASDAQ:CJES) last released its earnings data on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $267.00 million for the quarter, compared to the consensus estimate of $271.10 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that C&J Energy Services will post $1.59 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of C&J Energy Services (NASDAQ:CJES) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $21.70 price target on the stock.
Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.24.
C&J Energy Services, Inc is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, technically demanding well completions.
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