Guggenheim Downgrades C&J Energy Services to Neutral (CJES)
C&J Energy Services (NASDAQ:CJES) was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of C&J Energy Services (NASDAQ:CJES) traded down 1.50% on Monday, hitting $22.27. The stock had a trading volume of 126,385 shares. 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 $23.53 and its 200-day moving average is $21.57. The company has a market cap of $1.188 billion and a P/E ratio of 13.95.
C&J Energy Services (NASDAQ:CJES) last announced its earnings results 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 $1.32 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of C&J Energy Services from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $21.80 price target on the stock. Separately, analysts at Barclays raised their price target on shares of C&J Energy Services from $30.00 to $34.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of C&J Energy Services from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. C&J Energy Services has a consensus rating of “Hold” and an average target price of $25.80.
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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