C&J Energy Services (NYSE:CJ) Upgraded at Wells Fargo & Co

C&J Energy Services (NYSE:CJ) was upgraded by stock analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut C&J Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. ValuEngine upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group upgraded C&J Energy Services from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $14.00 to $13.50 in a research note on Tuesday, August 20th. Raymond James restated a “hold” rating and issued a $4.00 price objective on shares of C&J Energy Services in a research note on Wednesday, July 31st. Finally, Scotiabank set a $9.00 price objective on C&J Energy Services and gave the stock a “buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. C&J Energy Services has a consensus rating of “Hold” and a consensus target price of $12.12.

Shares of NYSE:CJ opened at $11.03 on Thursday. C&J Energy Services has a 52-week low of $8.55 and a 52-week high of $23.23. The stock has a market cap of $686.67 million, a price-to-earnings ratio of 13.62 and a beta of 1.41. The company has a quick ratio of 1.92, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $9.63 and a 200-day moving average price of $12.86.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.15). C&J Energy Services had a negative return on equity of 3.35% and a negative net margin of 15.12%. The firm had revenue of $501.08 million during the quarter, compared to analysts’ expectations of $535.43 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, equities analysts anticipate that C&J Energy Services will post -0.96 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CJ. Meeder Asset Management Inc. raised its position in C&J Energy Services by 281.5% during the fourth quarter. Meeder Asset Management Inc. now owns 2,129 shares of the company’s stock valued at $28,000 after acquiring an additional 1,571 shares in the last quarter. Parallel Advisors LLC purchased a new position in C&J Energy Services during the second quarter valued at approximately $35,000. Royal Bank of Canada raised its position in C&J Energy Services by 8,813.9% during the second quarter. Royal Bank of Canada now owns 3,209 shares of the company’s stock valued at $38,000 after acquiring an additional 3,173 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in C&J Energy Services during the second quarter valued at approximately $41,000. Finally, Price Wealth Management Inc. purchased a new position in C&J Energy Services during the second quarter valued at approximately $56,000.

C&J Energy Services Company Profile

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments.

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The Fly

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

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