C&J Energy Services Upgraded to Neutral at Zacks (CJES)
C&J Energy Services (NASDAQ:CJES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday, AnalystRatingsNetwork reports. The firm currently has a $25.10 price target on the stock. Zacks‘ price target points to a potential upside of 2.45% from the stock’s previous close.
Shares of C&J Energy Services (NASDAQ:CJES) traded up 0.57% during mid-day trading on Monday, hitting $24.50. The stock had a trading volume of 1,318,971 shares. C&J Energy Services has a one year low of $17.45 and a one year high of $25.40. The stock’s 50-day moving average is $22.99 and its 200-day moving average is $22.29. The company has a market cap of $1.310 billion and a price-to-earnings ratio of 20.30.
C&J Energy Services (NASDAQ:CJES) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.09. The company had revenue of $265.40 million for the quarter, compared to the consensus estimate of $263.01 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, analysts predict that C&J Energy Services will post $1.31 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CJES. Analysts at Jefferies Group initiated coverage on shares of C&J Energy Services in a research note on Tuesday, February 4th. They set a “buy” rating and a $28.00 price target on the stock. Separately, analysts at Stephens upgraded shares of C&J Energy Services from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 31st. Finally, analysts at Guggenheim downgraded shares of C&J Energy Services from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 28th. They now have a $18.00 price target on the stock, down previously from $22.00. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.01.
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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