C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “buy” rating reaffirmed by Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $36.00 price objective on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 21.79% from the company’s previous close. Jefferies Group also issued estimates for C&J Energy Services’ Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.16 EPS and Q1 2018 earnings at $0.27 EPS.

Several other equities analysts have also recently commented on CJ. Morgan Stanley reissued an “equal weight” rating and set a $38.00 target price (down previously from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Citigroup Inc. reaffirmed a “buy” rating and issued a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Finally, Guggenheim began coverage on shares of C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. C&J Energy Services has a consensus rating of “Buy” and a consensus target price of $40.27.

C&J Energy Services (NYSE:CJ) opened at 29.56 on Friday. The firm has a market capitalization of $1.87 billion and a price-to-earnings ratio of 91.23. C&J Energy Services has a 12 month low of $24.30 and a 12 month high of $46.30. The firm’s 50-day moving average is $27.73 and its 200 day moving average is $30.91.

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In other news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of C&J Energy Services stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total value of $889,202.47. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several institutional investors have recently added to or reduced their stakes in the company. Energy Opportunities Capital Management LLC purchased a new position in shares of C&J Energy Services in the second quarter worth approximately $724,000. Dean Capital Management purchased a new position in shares of C&J Energy Services in the second quarter worth approximately $4,127,000. Ameritas Investment Partners Inc. purchased a new position in shares of C&J Energy Services in the second quarter worth approximately $140,000. California State Teachers Retirement System purchased a new position in shares of C&J Energy Services in the second quarter worth approximately $2,817,000. Finally, TVR Capital Management LP purchased a new position in shares of C&J Energy Services in the second quarter worth approximately $24,053,000.

C&J Energy Services Company Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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

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