C&J Energy Services Upgraded to Neutral at Guggenheim (CJES)
C&J Energy Services (NASDAQ:CJES) was upgraded by Guggenheim from a “sell” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also 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 investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.40.
C&J Energy Services (NASDAQ:CJES) traded down 1.34% on Thursday, hitting $32.37. The stock had a trading volume of 557,042 shares. C&J Energy Services has a one year low of $18.90 and a one year high of $33.00. The stock has a 50-day moving average of $31.37 and a 200-day moving average of $27.1. The company has a market cap of $1.736 billion and a price-to-earnings ratio of 34.50.
C&J Energy Services (NASDAQ:CJES) last announced its earnings results on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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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