C&J Energy Services Rating Reiterated by Barclays Capital (CJES)
C&J Energy Services (NASDAQ:CJES)‘s stock had its “buy” rating restated by research analysts at Barclays Capital in a report released on Tuesday, StockRatingsNetwork reports. They currently have a $28.00 target price on the stock. Barclays Capital’s price target indicates a potential upside of 36.45% from the company’s current price.
CJES has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of C&J Energy Services from $25.00 to $23.50 in a research note to investors on Tuesday. Separately, 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. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.17.
Shares of 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 one year low of $17.45 and a one year high of $25.35. The stock’s 50-day moving average is $21.02 and its 200-day moving average is $20.07. The company has a market cap of $1.116 billion and a price-to-earnings ratio of 9.13.
C&J Energy Services (NASDAQ:CJES) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts predict that C&J Energy Services will post $1.56 earnings per share 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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