Shares of C&J Energy Services Inc (NYSE:CJ) hit a new 52-week low on Wednesday . The stock traded as low as $8.95 and last traded at $8.96, with a volume of 17498 shares trading hands. The stock had previously closed at $9.45.

Several brokerages recently weighed in on CJ. Zacks Investment Research downgraded shares of C&J Energy Services from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Piper Jaffray Companies set a $21.00 target price on shares of C&J Energy Services and gave the company a “buy” rating in a research note on Monday, May 20th. Morgan Stanley set a $20.00 target price on shares of C&J Energy Services and gave the company a “hold” rating in a research note on Monday, May 13th. Raymond James reissued a “hold” rating and issued a $4.00 target price on shares of C&J Energy Services in a research note on Wednesday, July 31st. Finally, ValuEngine raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. C&J Energy Services currently has a consensus rating of “Hold” and a consensus target price of $13.29.

The firm’s 50 day moving average price is $10.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.92 and a current ratio of 2.15. The company has a market capitalization of $622.02 million, a P/E ratio of 11.12 and a beta of 1.37.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.15). C&J Energy Services had a negative net margin of 15.12% and a negative return on equity of 3.35%. The company had revenue of $501.08 million for the quarter, compared to analyst estimates of $535.43 million. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue was down 17.9% compared to the same quarter last year. On average, analysts anticipate that C&J Energy Services Inc will post -0.6 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. CoreCommodity Management LLC boosted its stake in shares of C&J Energy Services by 61.1% during the 2nd quarter. CoreCommodity Management LLC now owns 30,370 shares of the company’s stock valued at $358,000 after buying an additional 11,514 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of C&J Energy Services during the 2nd quarter valued at approximately $387,000. NumerixS Investment Technologies Inc boosted its stake in shares of C&J Energy Services by 257.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 30,000 shares of the company’s stock valued at $353,000 after buying an additional 21,600 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of C&J Energy Services by 87.5% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 472,036 shares of the company’s stock valued at $5,561,000 after buying an additional 220,265 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of C&J Energy Services by 252.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 43,536 shares of the company’s stock valued at $512,000 after buying an additional 31,174 shares during the last quarter.

About C&J Energy Services (NYSE:CJ)

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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