Shares of C&J Energy Services, Inc. (NYSE:CJ) have earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $40.45.

CJ has been the subject of a number of recent analyst reports. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price objective (down from $43.00) on shares of C&J Energy Services in a research report on Thursday, August 10th. Guggenheim initiated coverage on C&J Energy Services in a research report on Thursday. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup Inc. initiated 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.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of C&J Energy Services during the second quarter worth approximately $140,000. Quantbot Technologies LP bought a new position in shares of C&J Energy Services during the second quarter worth approximately $144,000. SG Americas Securities LLC bought a new position in shares of C&J Energy Services during the second quarter worth approximately $152,000. US Bancorp DE bought a new position in shares of C&J Energy Services during the second quarter worth approximately $168,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of C&J Energy Services during the second quarter worth approximately $199,000.

Shares of C&J Energy Services (NYSE:CJ) traded down 2.24% on Wednesday, reaching $27.07. The company’s stock had a trading volume of 716,548 shares. C&J Energy Services has a 1-year low of $24.30 and a 1-year high of $36.78. The company’s 50 day moving average is $28.28 and its 200-day moving average is $31.18. The firm has a market cap of $1.71 billion and a price-to-earnings ratio of 83.55.

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)

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