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C&J Energy Services (NASDAQ:CJES)’s share price hit a new 52-week high on Thursday , American Banking News reports. The company traded as high as $34.93 and last traded at $31.91, with a volume of 1,199,717 shares changing hands. The stock had previously closed at $32.81.

A number of analysts have recently weighed in on CJES shares. Analysts at Guggenheim upgraded shares of C&J Energy Services from a “sell” rating to a “neutral” rating in a research note on Thursday. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.40.

The stock’s 50-day moving average is $31.37 and its 200-day moving average is $27.1. The company has a market cap of $1.755 billion and a price-to-earnings ratio of 34.50.

C&J Energy Services (NASDAQ:CJES) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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 $1.22 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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