C&J Energy Services (NYSE:CJ) received a $21.00 price target from equities researchers at Piper Jaffray Companies in a report issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target points to a potential upside of 47.58% from the company’s previous close.
Several other research firms have also weighed in on CJ. CIBC restated a “hold” rating and set a $3.25 target price on shares of C&J Energy Services in a report on Friday, February 1st. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Citigroup upgraded C&J Energy Services from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $20.00 in a report on Monday, May 13th. GMP Securities restated a “buy” rating and set a $4.00 target price on shares of C&J Energy Services in a report on Sunday, March 3rd. Finally, Credit Suisse Group set a $15.00 target price on C&J Energy Services and gave the company a “hold” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.13.
NYSE CJ traded down $0.38 during trading on Monday, hitting $14.23. 706,636 shares of the company traded hands, compared to its average volume of 873,426. C&J Energy Services has a 12 month low of $12.35 and a 12 month high of $31.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.13 and a quick ratio of 1.88. The firm has a market cap of $965.11 million, a P/E ratio of 17.57 and a beta of 1.43.
C&J Energy Services (NYSE:CJ) last posted its earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.14. C&J Energy Services had a positive return on equity of 0.64% and a negative net margin of 7.99%. The company had revenue of $510.80 million for the quarter, compared to analyst estimates of $477.56 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts expect that C&J Energy Services will post -0.53 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its stake in shares of C&J Energy Services by 281.5% in the fourth quarter. Meeder Asset Management Inc. now owns 2,129 shares of the company’s stock worth $28,000 after purchasing an additional 1,571 shares during the period. Covington Capital Management bought a new position in shares of C&J Energy Services in the fourth quarter worth about $86,000. Hexavest Inc. bought a new position in shares of C&J Energy Services in the first quarter worth about $99,000. Neuburgh Advisers LLC increased its stake in shares of C&J Energy Services by 25.5% in the fourth quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock worth $127,000 after purchasing an additional 1,904 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of C&J Energy Services by 56.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,935 shares of the company’s stock worth $134,000 after purchasing an additional 3,568 shares during the period.
About C&J Energy Services
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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