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Shares of C&J Energy Services (NASDAQ:CJES) have received a consensus rating of “Buy” from the eleven brokerages that are covering the company, American Banking & Market News reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.23.

Shares of C&J Energy Services (NASDAQ:CJES) traded down 1.18% during mid-day trading on Monday, hitting $28.43. 126,632 shares of the company’s stock traded hands. C&J Energy Services has a 52-week low of $19.70 and a 52-week high of $34.93. The stock has a 50-day moving average of $31.49 and a 200-day moving average of $29.26. The company has a market cap of $1.530 billion and a P/E ratio of 37.71.

C&J Energy Services (NASDAQ:CJES) last announced its earnings results on Wednesday, July 30th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $367.90 million for the quarter, compared to the consensus estimate of $338.54 million. During the same quarter last year, the company posted $0.39 earnings per share. C&J Energy Services’s revenue was up 37.8% compared to the same quarter last year. On average, analysts predict that C&J Energy Services will post $1.17 earnings per share for the current fiscal year.

CJES has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of C&J Energy Services in a research note on Friday, August 1st. They now have a $39.00 price target on the stock, down previously from $40.00. Separately, analysts at Zacks downgraded shares of C&J Energy Services from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $35.80 price target on the stock.

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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