C&J Energy Services, Inc. (NYSE:CJ) Receives Consensus Rating of “Buy” from Brokerages
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.
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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.
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