Several analysts have recently updated their ratings and price targets for C&J Energy Services (NYSE: CJ):

  • 10/11/2017 – C&J Energy Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “C&J Energy Services, Inc. is a provider of on-shore well construction, well completion, well support and other complementary oilfield services to oil and gas exploration and production companies. It offers hydraulic fracturing, cased-hole wireline, coiled tubing, cementing, rig services, fluids management services and other special well site services. The company operates primarily in United States and Western Canada. C&J Energy Services, Inc. is based in Houston, United States. “
  • 10/10/2017 – C&J Energy Services had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $39.00 price target on the stock.
  • 10/10/2017 – C&J Energy Services had its “hold” rating reaffirmed by analysts at Scotiabank.
  • 10/10/2017 – C&J Energy Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “C&J Energy Services, Inc. is a provider of on-shore well construction, well completion, well support and other complementary oilfield services to oil and gas exploration and production companies. It offers hydraulic fracturing, cased-hole wireline, coiled tubing, cementing, rig services, fluids management services and other special well site services. The company operates primarily in United States and Western Canada. C&J Energy Services, Inc. is based in Houston, United States. “
  • 10/6/2017 – C&J Energy Services had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $36.00 price target on the stock.
  • 9/7/2017 – C&J Energy Services is now covered by analysts at Guggenheim. They set a “buy” rating and a $37.00 price target on the stock.

Shares of C&J Energy Services, Inc. (NYSE CJ) traded down 2.29% during midday trading on Tuesday, hitting $25.60. The company’s stock had a trading volume of 225,828 shares. The company has a 50-day moving average price of $28.80 and a 200 day moving average price of $30.69. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30. The company has a market cap of $1.62 billion and a P/E ratio of 79.01.

In other news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $29.83, for a total value of $889,202.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 229,809 shares of company stock worth $6,724,452 over the last three months.

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.

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