Cowen and Company Downgrades C&J Energy Services to Market Perform (CJES)
C&J Energy Services (NASDAQ:CJES) was downgraded by Cowen and Company to a “market perform” rating in a research note issued on Tuesday, American Banking and Market News reports.
A number of other firms have also recently commented on CJES. 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. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. C&J Energy Services currently has a consensus rating of “Hold” and an average price target of $25.17.
Shares of C&J Energy Services (NASDAQ:CJES) traded down 2.15% during mid-day trading 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’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 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 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 $1.56 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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