C&J Energy Services (NYSE:CJ)‘s stock had its “outperform” rating restated by investment analysts at Evercore ISI in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $42.00 price target on the stock. Evercore ISI’s target price would indicate a potential upside of 31.29% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Citigroup boosted their price objective on C&J Energy Services from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Deutsche Bank restated a “buy” rating and set a $39.00 price objective on shares of C&J Energy Services in a research report on Tuesday, October 10th. Jefferies Group restated a “buy” rating and set a $36.00 price objective on shares of C&J Energy Services in a research report on Friday, October 6th. Guggenheim started coverage on C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. C&J Energy Services presently has a consensus rating of “Buy” and a consensus price target of $40.17.

C&J Energy Services (NYSE CJ) traded up $1.31 on Thursday, hitting $31.99. The stock had a trading volume of 370,264 shares, compared to its average volume of 683,768. C&J Energy Services has a 1-year low of $24.30 and a 1-year high of $46.30.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $442.70 million for the quarter, compared to the consensus estimate of $445.87 million. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.61) earnings per share. analysts predict that C&J Energy Services will post -0.05 EPS for the current year.

In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which is available through the SEC website. Also, insider Tim Wallace sold 2,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.56, for a total value of $59,120.00. Following the completion of the sale, the insider now owns 12,248 shares in the company, valued at $362,050.88. The disclosure for this sale can be found here. Insiders sold 1,317,139 shares of company stock worth $38,914,136 over the last quarter.

A number of large investors have recently made changes to their positions in the business. Rubric Capital Management LP bought a new stake in C&J Energy Services in the third quarter valued at $15,191,000. Energy Opportunities Capital Management LLC grew its holdings in shares of C&J Energy Services by 43.6% during the third quarter. Energy Opportunities Capital Management LLC now owns 30,345 shares of the company’s stock worth $909,000 after purchasing an additional 9,210 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of C&J Energy Services during the third quarter worth $360,000. Jane Street Group LLC bought a new stake in shares of C&J Energy Services during the third quarter worth $243,000. Finally, Fine Capital Partners L.P. grew its holdings in shares of C&J Energy Services by 77.4% during the third quarter. Fine Capital Partners L.P. now owns 471,766 shares of the company’s stock worth $14,139,000 after purchasing an additional 205,900 shares during the last quarter.

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About C&J Energy Services

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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