C&J Energy Services Given New $23.50 Price Target at JPMorgan Chase & Co. (CJES)
Equities researchers at JPMorgan Chase & Co. lowered their price target on shares of C&J Energy Services (NASDAQ:CJES) from $25.00 to $23.50 in a research report issued on Tuesday, Stock Ratings News reports. JPMorgan Chase & Co.’s target price suggests a potential upside of 14.52% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company downgraded shares of C&J Energy Services to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Barclays Capital initiated coverage on shares of C&J Energy Services in a research note to investors on Tuesday, September 10th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, analysts at Zacks upgraded shares of C&J Energy Services 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.17.
C&J Energy Services (NASDAQ:CJES) traded down 2.15% on Tuesday, hitting $20.52. 267,841 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 $21.00 and a 200-day moving average of $20.09. The company has a market cap of $1.116 billion and a P/E ratio of 9.13.
C&J Energy Services (NASDAQ:CJES) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.00 earnings per share. C&J Energy Services’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that C&J Energy Services will post $1.56 EPS for the current fiscal year.
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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