Cowen and Company Increases C&J Energy Services Price Target to $25.00 (CJES)
Equities researchers at Cowen and Company boosted their price objective on shares of C&J Energy Services (NASDAQ:CJES) from $22.00 to $25.00 in a research report issued on Friday, AR Network reports. Cowen and Company’s price target suggests a potential upside of 7.76% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated a “buy” rating on shares of C&J Energy Services in a research note to investors on Tuesday, October 8th. They now have a $28.00 price target on the stock. Separately, 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, October 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.15.
C&J Energy Services (NASDAQ:CJES) opened at 23.20 on Friday. C&J Energy Services has a one year low of $17.45 and a one year high of $25.35. The stock has a 50-day moving average of $21.48 and a 200-day moving average of $20.17. The company has a market cap of $1.262 billion and a P/E ratio of 10.03.
C&J Energy Services (NASDAQ:CJES) last released its earnings data on Thursday, October 31st. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $266.50 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. On average, analysts predict that C&J Energy Services will post $1.52 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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