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Shares of C&J Energy Services (NASDAQ:CJES) hit a new 52-week high during trading on Friday , Stock Ratings Network reports. The company traded as high as $32.29 and last traded at $32.17, with a volume of 327,430 shares changing hands. The stock had previously closed at $30.86.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of C&J Energy Services from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $34.20 price target on the stock. Separately, analysts at Global Hunter Securities upgraded shares of C&J Energy Services from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $35.00 price target on the stock, up previously from $22.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of C&J Energy Services in a research note on Friday, May 2nd. They now have a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $29.91.

The stock’s 50-day moving average is $30. and its 200-day moving average is $26.26. The company has a market cap of $1.714 billion and a P/E ratio of 32.45.

C&J Energy Services (NASDAQ:CJES) last announced its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.03. The company had revenue of $316.50 million for the quarter, compared to the consensus estimate of $282.95 million. On average, analysts predict that C&J Energy Services will post $1.23 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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