C&J Energy Services Insider Randall C. Jr. Mcmullen Sells 30,000 Shares (CJES)
C&J Energy Services (NASDAQ:CJES) Insider Randall C. Jr. Mcmullen sold 30,000 shares of the stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $24.13, for a total transaction of $723,900.00. Following the completion of the sale, the insider now directly owns 385,952 shares in the company, valued at approximately $9,313,022. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of C&J Energy Services (NASDAQ:CJES) opened at 23.64 on Thursday. C&J Energy Services has a 52 week low of $17.45 and a 52 week high of $25.40. The stock has a 50-day moving average of $23.0 and a 200-day moving average of $22.37. The company has a market cap of $1.264 billion and a P/E ratio of 20.04.
C&J Energy Services (NASDAQ:CJES) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts expect that C&J Energy Services will post $1.18 EPS for the current fiscal year.
Several analysts have recently commented 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 on Monday. They now have a $25.10 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. C&J Energy Services currently has an average rating of “Hold” and an average price target 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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