Guggenheim Begins Coverage on C&J Energy Services, Inc. (CJ)

Guggenheim started coverage on shares of C&J Energy Services, Inc. (NYSE:CJ) in a report released on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $37.00 price target on the stock.

CJ has been the subject of a number of other reports. Zacks Investment Research raised shares of C&J Energy Services from a hold rating to a buy rating and set a $37.00 target price for the company in a report on Wednesday, June 21st. Wells Fargo & Company reaffirmed an outperform rating on shares of C&J Energy Services in a report on Wednesday, May 10th. Morgan Stanley reaffirmed an equal weight rating and set a $38.00 target price (down from $44.00) on shares of C&J Energy Services in a report on Wednesday, June 21st. Citigroup Inc. reaffirmed a buy rating and set a $36.00 target price (down from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. Finally, Piper Jaffray Companies raised shares of C&J Energy Services from a neutral rating to an overweight rating and upped their target price for the company from $38.50 to $40.00 in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. C&J Energy Services currently has a consensus rating of Buy and a consensus price target of $40.17.

C&J Energy Services (NYSE CJ) opened at 27.07 on Thursday. The company has a market capitalization of $1.71 billion and a P/E ratio of 83.55. The company has a 50-day moving average of $28.28 and a 200 day moving average of $31.18. C&J Energy Services has a 12-month low of $24.30 and a 12-month high of $46.30.

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Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new position in shares of C&J Energy Services in the second quarter worth approximately $140,000. Quantbot Technologies LP bought a new position in shares of C&J Energy Services in the second quarter worth approximately $144,000. SG Americas Securities LLC bought a new position in shares of C&J Energy Services in the second quarter worth approximately $152,000. US Bancorp DE bought a new position in shares of C&J Energy Services in the second quarter worth approximately $168,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of C&J Energy Services by 44.7% in the second quarter. Cubist Systematic Strategies LLC now owns 17,516 shares of the company’s stock worth $600,000 after purchasing an additional 5,409 shares during the period.

C&J Energy Services Company Profile

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

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

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