C&J Energy Services, Inc. (CJ) Rating Reiterated by Jefferies Group LLC

C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a research report issued on Monday. They presently have a $38.00 target price on the stock. Jefferies Group LLC’s price target points to a potential upside of 28.25% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Deutsche Bank AG reiterated 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 reiterated a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. Guggenheim initiated coverage on C&J Energy Services in a research note on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup Inc. reiterated a “buy” rating and set a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.92.

Shares of C&J Energy Services (NYSE:CJ) opened at $29.63 on Monday. C&J Energy Services has a 52-week low of $24.30 and a 52-week high of $46.30.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.10. The company had revenue of $442.70 million for the quarter, compared to analysts’ expectations of $445.87 million. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.61) EPS. analysts predict that C&J Energy Services will post -0.06 EPS for the current year.

WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/11/15/cj-energy-services-inc-cj-rating-reiterated-by-jefferies-group-llc.html.

In related news, insider Ed Keppler sold 3,500 shares of C&J Energy Services stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $30.21, for a total value of $105,735.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alternative Asset Manage Solus sold 29,809 shares of C&J Energy Services stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total value of $889,202.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 233,309 shares of company stock valued at $6,830,187.

Several institutional investors have recently made changes to their positions in CJ. Vanguard Group Inc. purchased a new position in shares of C&J Energy Services in the 2nd quarter valued at about $155,777,000. BlackRock Inc. increased its stake in C&J Energy Services by 43,395.0% during the 2nd quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after buying an additional 3,446,431 shares in the last quarter. Wells Fargo & Company MN increased its stake in C&J Energy Services by 42,247.4% during the 2nd quarter. Wells Fargo & Company MN now owns 2,146,165 shares of the company’s stock worth $73,549,000 after buying an additional 2,141,097 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in C&J Energy Services by 434.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,532,290 shares of the company’s stock worth $86,782,000 after buying an additional 2,058,190 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in C&J Energy Services by 295.0% during the 2nd quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock worth $61,309,000 after buying an additional 1,336,039 shares in the last quarter.

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.

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

Receive News & Ratings for C&J Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply