Jefferies Financial Group upgraded shares of C&J Energy Services (NYSE:CJ) from a hold rating to a buy rating in a report issued on Tuesday, BenzingaRatingsTable reports. They currently have $13.50 price objective on the stock, down from their prior price objective of $14.00. Jefferies Financial Group also issued estimates for C&J Energy Services’ Q3 2019 earnings at ($0.22) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($1.08) EPS and FY2020 earnings at ($0.10) EPS.

Several other analysts also recently weighed in on CJ. Raymond James reissued a hold rating and issued a $4.00 price target on shares of C&J Energy Services in a research note on Wednesday, July 31st. ValuEngine raised shares of C&J Energy Services from a sell rating to a hold rating in a research note on Thursday, August 1st. Morgan Stanley set a $20.00 price target on shares of C&J Energy Services and gave the stock a hold rating in a research note on Monday, May 13th. Piper Jaffray Companies set a $21.00 price target on shares of C&J Energy Services and gave the stock a buy rating in a research note on Monday, May 20th. Finally, Citigroup raised shares of C&J Energy Services from a neutral rating to a buy rating and upped their price objective for the company from $19.00 to $20.00 in a research note on Monday, May 13th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $12.92.

C&J Energy Services stock opened at $9.33 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $641.83 million, a PE ratio of 11.52 and a beta of 1.37. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $13.57. C&J Energy Services has a twelve month low of $8.69 and a twelve month high of $24.57.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $501.08 million during the quarter, compared to the consensus estimate of $535.43 million. C&J Energy Services had a negative return on equity of 3.35% and a negative net margin of 15.12%. The business’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, equities analysts expect that C&J Energy Services will post -1.01 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new stake in shares of C&J Energy Services during the fourth quarter worth $9,679,000. Norges Bank acquired a new stake in shares of C&J Energy Services during the fourth quarter worth $9,235,000. Meeder Asset Management Inc. grew its stake in shares of C&J Energy Services by 935.7% during the first quarter. Meeder Asset Management Inc. now owns 22,049 shares of the company’s stock worth $341,000 after purchasing an additional 19,920 shares during the period. Strs Ohio grew its stake in shares of C&J Energy Services by 6,287.5% during the first quarter. Strs Ohio now owns 51,100 shares of the company’s stock worth $793,000 after purchasing an additional 50,300 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of C&J Energy Services by 1,033.2% during the first quarter. BNP Paribas Arbitrage SA now owns 43,379 shares of the company’s stock worth $673,000 after purchasing an additional 39,551 shares during the period.

C&J Energy Services Company Profile

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

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