Stephens began coverage on shares of C&J Energy Services (NYSE:CJ) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set an “overweight” rating on the stock.
Several other equities research analysts have also commented on CJ. Jefferies Group reissued a “buy” rating and set a $36.00 price objective on shares of C&J Energy Services in a research note on Friday, October 6th. Deutsche Bank reissued a “buy” rating and set a $39.00 price objective on shares of C&J Energy Services in a research note on Tuesday, October 10th. Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of 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 note on Tuesday, October 10th. Finally, Morgan Stanley raised shares of C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 target price for the company in a report on Tuesday, November 14th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.67.
Shares of C&J Energy Services (NYSE:CJ) traded up $0.07 on Tuesday, hitting $34.29. 582,900 shares of the stock were exchanged, compared to its average volume of 639,460. The company has a market cap of $2,170.00 and a price-to-earnings ratio of 9.12. C&J Energy Services has a 52-week low of $24.30 and a 52-week high of $46.30.
In other news, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $28.80, for a total transaction of $720,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ed Keppler sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $30.21, for a total transaction of $105,735.00. The disclosure for this sale can be found here. Insiders sold 1,112,330 shares of company stock valued at $32,909,684 over the last ninety days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CJ. Ameritas Investment Partners Inc. purchased a new stake in C&J Energy Services during the second quarter valued at approximately $140,000. Quantbot Technologies LP purchased a new stake in C&J Energy Services during the second quarter valued at approximately $144,000. SG Americas Securities LLC purchased a new stake in C&J Energy Services during the second quarter valued at approximately $152,000. BNP Paribas Arbitrage SA purchased a new stake in C&J Energy Services during the second quarter valued at approximately $199,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of C&J Energy Services in the second quarter worth approximately $206,000. 96.43% of the stock is owned by hedge funds and other institutional investors.
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.
