C&J Energy Services, Inc. (NYSE:CJ) has received an average rating of “Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $41.70.

Several analysts have weighed in on CJ shares. Nomura started coverage on C&J Energy Services in a research report on Wednesday, April 19th. They issued a “buy” rating and a $46.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $43.00 price objective on shares of C&J Energy Services in a research report on Tuesday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price objective (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Citigroup Inc started coverage on C&J Energy Services in a research report on Tuesday, May 16th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, June 21st.

Several institutional investors have recently made changes to their positions in CJ. Sprott Inc. acquired a new position in shares of C&J Energy Services during the second quarter worth approximately $6,169,000. Ameriprise Financial Inc. acquired a new position in shares of C&J Energy Services during the first quarter worth approximately $7,993,000. Finally, Parkwood LLC acquired a new position in shares of C&J Energy Services during the first quarter worth approximately $602,000. Institutional investors own 89.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/18/cj-energy-services-inc-nysecj-receives-consensus-rating-of-buy-from-brokerages.html.

C&J Energy Services (CJ) traded down 1.47% during mid-day trading on Tuesday, reaching $33.61. 307,491 shares of the company’s stock were exchanged. The stock’s market cap is $2.13 billion. C&J Energy Services has a one year low of $27.97 and a one year high of $46.30. The stock has a 50-day moving average of $33.29 and a 200-day moving average of $32.41.

C&J Energy Services Company Profile

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

Analyst Recommendations for C&J Energy Services (NYSE:CJ)

Receive News & Ratings for C&J Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.