Shares of C&J Energy Services Inc (NYSE:CJ) have earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $29.52.
CJ has been the topic of a number of research analyst reports. Johnson Rice initiated coverage on shares of C&J Energy Services in a research note on Monday, September 17th. They issued an “accumulate” rating and a $26.00 target price on the stock. BMO Capital Markets dropped their target price on shares of C&J Energy Services from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Piper Jaffray Companies set a $34.00 target price on shares of C&J Energy Services and gave the company a “buy” rating in a research note on Wednesday, August 15th. Credit Suisse Group boosted their target price on shares of C&J Energy Services from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Finally, Jefferies Financial Group set a $25.00 target price on shares of C&J Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 3rd.
CJ traded down $0.46 during midday trading on Friday, reaching $15.37. The company had a trading volume of 1,108,400 shares, compared to its average volume of 1,005,229. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -109.79 and a beta of 0.73. C&J Energy Services has a 12-month low of $15.11 and a 12-month high of $36.57.
Several hedge funds have recently made changes to their positions in CJ. Tower Research Capital LLC TRC lifted its stake in shares of C&J Energy Services by 14,486.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,543 shares of the company’s stock valued at $115,000 after buying an additional 5,505 shares in the last quarter. Neuburgh Advisers LLC bought a new stake in C&J Energy Services during the 2nd quarter worth approximately $176,000. NumerixS Investment Technologies Inc bought a new stake in C&J Energy Services during the 2nd quarter worth approximately $191,000. Riverhead Capital Management LLC bought a new stake in C&J Energy Services during the 2nd quarter worth approximately $194,000. Finally, Principal Financial Group Inc. bought a new stake in C&J Energy Services during the 1st quarter worth approximately $215,000.
C&J Energy Services Company Profile
C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.
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