Wall Street analysts expect that C&J Energy Services, Inc. (NYSE:CJ) will announce $379.12 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for C&J Energy Services’ earnings, with the lowest sales estimate coming in at $369.00 million and the highest estimate coming in at $389.23 million. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, August 8th.

On average, analysts expect that C&J Energy Services will report full year sales of $379.12 million for the current fiscal year, with estimates ranging from $1.47 billion to $1.72 billion. For the next fiscal year, analysts expect that the company will post sales of $2.35 billion per share, with estimates ranging from $2.29 billion to $2.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow C&J Energy Services.

Several research firms recently issued reports on CJ. Zacks Investment Research raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, May 23rd. BMO Capital Markets began coverage on shares of C&J Energy Services in a report on Thursday, April 13th. They set an “outperform” rating and a $41.00 price target for the company. Jefferies Group LLC began coverage on shares of C&J Energy Services in a report on Thursday, July 13th. They set a “buy” rating and a $43.00 price target for the company. Citigroup Inc. began coverage on shares of C&J Energy Services in a report on Tuesday, May 16th. They set a “buy” rating and a $40.00 price target for the company. Finally, Morgan Stanley reissued an “equal weight” rating and set a $38.00 price target (down from $44.00) on shares of C&J Energy Services in a report on Wednesday, June 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. C&J Energy Services has a consensus rating of “Buy” and an average price target of $41.27.

C&J Energy Services (CJ) opened at 31.81 on Tuesday. C&J Energy Services has a 1-year low of $27.97 and a 1-year high of $46.30. The stock’s market cap is $2.01 billion. The firm’s 50 day moving average price is $32.21 and its 200-day moving average price is $32.27.

A number of hedge funds and other institutional investors have recently bought and sold shares of CJ. Legal & General Group Plc purchased a new position in C&J Energy Services during the second quarter valued at about $358,000. Bank of New York Mellon Corp purchased a new position in C&J Energy Services during the second quarter valued at about $6,766,000. SG Americas Securities LLC purchased a new position in C&J Energy Services during the second quarter valued at about $152,000. Dupont Capital Management Corp purchased a new position in C&J Energy Services during the second quarter valued at about $343,000. Finally, Rhumbline Advisers bought a new position in shares of C&J Energy Services during the second quarter worth about $1,905,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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