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C&J Energy Services (NASDAQ:CJES) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

Shares of C&J Energy Services (NASDAQ:CJES) opened at 33.14 on Wednesday. C&J Energy Services has a one year low of $18.90 and a one year high of $34.93. The stock’s 50-day moving average is $31.59 and its 200-day moving average is $27.41. The company has a market cap of $1.777 billion and a price-to-earnings ratio of 34.85.

C&J Energy Services (NASDAQ:CJES) last issued its quarterly earnings data 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. Analysts expect that C&J Energy Services will post $1.20 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Guggenheim upgraded shares of C&J Energy Services from a “sell” rating to a “neutral” rating in a research note on Thursday, June 26th. 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.40.

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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