C&J Energy Services (NYSE:CJ) has been assigned a $40.00 price objective by Jefferies Group in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 16.58% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Evercore ISI reaffirmed an “outperform” rating and set a $42.00 target price on shares of C&J Energy Services in a research report on Thursday, December 7th. Scotiabank reaffirmed a “hold” rating on shares of C&J Energy Services in a research report on Tuesday, October 10th. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Citigroup increased their target price 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. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $39.00 target price on shares of C&J Energy Services in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. C&J Energy Services currently has an average rating of “Buy” and an average price target of $40.67.
Shares of C&J Energy Services (NYSE:CJ) traded up $0.75 during midday trading on Thursday, reaching $34.31. The company’s stock had a trading volume of 629,890 shares, compared to its average volume of 612,067. The company has a market cap of $2,170.00 and a PE ratio of 9.13. 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 announced its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. The company had revenue of $442.70 million for the quarter, compared to the consensus estimate of $445.87 million. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.61) EPS. research analysts predict that C&J Energy Services will post -0.05 earnings per share for the current fiscal year.
In other news, insider Tim Wallace sold 2,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.56, for a total transaction of $59,120.00. Following the completion of the sale, the insider now owns 12,248 shares in the company, valued at approximately $362,050.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.80, for a total value of $720,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,112,330 shares of company stock valued at $32,909,684.
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in C&J Energy Services by 155.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock worth $1,288,000 after acquiring an additional 22,847 shares during the last quarter. Kennedy Capital Management Inc. purchased a new position in C&J Energy Services in the 2nd quarter worth $5,439,000. State Street Corp purchased a new position in C&J Energy Services in the 2nd quarter worth $19,620,000. Concourse Capital Management LLC raised its stake in C&J Energy Services by 296.8% in the 3rd quarter. Concourse Capital Management LLC now owns 122,930 shares of the company’s stock worth $3,684,000 after acquiring an additional 91,950 shares during the last quarter. Finally, Cipher Capital LP purchased a new position in C&J Energy Services in the 3rd quarter worth $283,000.
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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.