Analysts at Guggenheim initiated coverage on shares of C&J Energy Services, Inc. (NYSE:CJ) in a report released on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $37.00 price target on the stock. Guggenheim’s price objective points to a potential upside of 36.68% from the stock’s current price.

CJ has been the subject of a number of other reports. Zacks Investment Research downgraded C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reiterated an “outperform” rating on shares of C&J Energy Services in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price (down from $43.00) on shares of C&J Energy Services in a research note on Thursday, August 10th. Citigroup Inc. assumed coverage on C&J Energy Services in a research note on Tuesday, May 16th. They set a “buy” rating and a $40.00 target price for the company. Finally, Piper Jaffray Companies upgraded C&J Energy Services from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $38.50 to $40.00 in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. C&J Energy Services presently has an average rating of “Buy” and an average price target of $40.17.

Shares of C&J Energy Services (NYSE CJ) opened at 27.07 on Thursday. The firm has a market capitalization of $1.71 billion and a price-to-earnings ratio of 83.55. C&J Energy Services has a 12-month low of $24.30 and a 12-month high of $36.78. The company has a 50-day moving average price of $28.28 and a 200 day moving average price of $31.18.

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Several hedge funds and other institutional investors have recently modified their holdings of CJ. Ameritas Investment Partners Inc. bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $140,000. Quantbot Technologies LP bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $144,000. SG Americas Securities LLC bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $152,000. US Bancorp DE bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $168,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of C&J Energy Services during the 2nd quarter worth approximately $199,000.

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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