C&J Energy Services, Inc. (NYSE:CJ) – Equities researchers at Jefferies Group lowered their Q3 2017 earnings per share estimates for C&J Energy Services in a research report issued on Thursday. Jefferies Group analyst B. Handler now anticipates that the company will earn $0.06 per share for the quarter, down from their previous forecast of $0.12. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for C&J Energy Services’ Q4 2017 earnings at $0.16 EPS and Q1 2018 earnings at $0.27 EPS.

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

C&J Energy Services (CJ) opened at 29.56 on Friday. The stock’s 50 day moving average is $27.73 and its 200-day moving average is $30.91. The firm has a market capitalization of $1.87 billion and a PE ratio of 91.23. C&J Energy Services has a 52-week low of $24.30 and a 52-week high of $46.30.

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in C&J Energy Services in the second quarter worth $140,000. Quantbot Technologies LP bought a new position in C&J Energy Services in the second quarter worth $144,000. SG Americas Securities LLC bought a new position in C&J Energy Services in the second quarter worth $152,000. US Bancorp DE bought a new position in C&J Energy Services in the second quarter worth $168,000. Finally, BNP Paribas Arbitrage SA bought a new position in C&J Energy Services in the second quarter worth $199,000.

In other news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $29.23, for a total value of $5,115,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.

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

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