C&J Energy Services (NYSE:CJ) had its target price cut by Citigroup from $43.00 to $38.00 in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 56.25% from the company’s previous close.

CJ has been the topic of several other research reports. Stephens initiated coverage on shares of C&J Energy Services in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $42.00 price objective on the stock. Evercore ISI reiterated an “outperform” rating and issued a $42.00 price objective on shares of C&J Energy Services in a research note on Thursday, December 7th. BMO Capital Markets reiterated a “buy” rating and issued a $39.00 price objective on shares of C&J Energy Services in a research note on Tuesday, January 16th. Guggenheim reiterated a “buy” rating and issued a $41.00 price objective on shares of C&J Energy Services in a research note on Tuesday, January 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $38.00 price objective on shares of C&J Energy Services in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.77.

Shares of C&J Energy Services (NYSE CJ) traded down $1.06 during trading hours on Tuesday, hitting $24.32. 48,892 shares of the company traded hands, compared to its average volume of 798,094. The stock has a market cap of $1,610.00 and a P/E ratio of 6.47. C&J Energy Services has a fifty-two week low of $22.99 and a fifty-two week high of $45.00.

In other news, insider Tim Wallace sold 2,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.56, for a total transaction of $59,120.00. Following the transaction, the insider now owns 12,248 shares in the company, valued at approximately $362,050.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 632,530 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $29.59, for a total transaction of $18,716,562.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,083,830 shares of company stock worth $32,083,949.

A number of large investors have recently bought and sold shares of CJ. Vanguard Group Inc. acquired a new position in C&J Energy Services in the 2nd quarter valued at $155,777,000. BlackRock Inc. grew its stake in C&J Energy Services by 43,395.0% in the 2nd quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock valued at $118,380,000 after buying an additional 3,446,431 shares during the last quarter. Wells Fargo & Company MN grew its stake in C&J Energy Services by 53.6% in the 3rd quarter. Wells Fargo & Company MN now owns 3,296,492 shares of the company’s stock valued at $98,795,000 after buying an additional 1,150,327 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in C&J Energy Services by 31.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,331,707 shares of the company’s stock valued at $99,851,000 after buying an additional 799,417 shares during the last quarter. Finally, State Street Corp acquired a new position in C&J Energy Services in the 2nd quarter valued at $19,620,000. Institutional investors and hedge funds own 96.75% of the company’s stock.

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About C&J Energy Services

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)

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