Equities analysts predict that C&J Energy Services Inc (NYSE:CJ) will post sales of $465.12 million for the current quarter, according to Zacks. Three analysts have issued estimates for C&J Energy Services’ earnings, with the highest sales estimate coming in at $466.36 million and the lowest estimate coming in at $463.10 million. C&J Energy Services posted sales of $567.92 million during the same quarter last year, which would indicate a negative year over year growth rate of 18.1%. The business is scheduled to report its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that C&J Energy Services will report full year sales of $1.91 billion for the current financial year, with estimates ranging from $1.90 billion to $1.92 billion. For the next fiscal year, analysts expect that the business will report sales of $1.91 billion, with estimates ranging from $1.81 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover C&J Energy Services.

C&J Energy Services (NYSE:CJ) last announced its earnings results 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 business had revenue of $501.08 million for the quarter, compared to the consensus estimate of $535.43 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s quarterly revenue was down 17.9% on a year-over-year basis.

CJ has been the topic of a number of research reports. Zacks Investment Research upgraded shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. 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 report on Monday, May 20th. Citigroup upgraded shares of C&J Energy Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $19.00 to $20.00 in a report on Monday, May 13th. Finally, Raymond James restated a “hold” rating and set a $4.00 target price on shares of C&J Energy Services in a report on Wednesday, July 31st. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.92.

Shares of CJ stock traded down $0.40 during mid-day trading on Friday, reaching $8.93. 366,670 shares of the company’s stock traded hands, compared to its average volume of 943,463. C&J Energy Services has a 12 month low of $8.69 and a 12 month high of $24.57. The company has a market cap of $645.13 million, a P/E ratio of 11.02 and a beta of 1.37. 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’s 50-day moving average price is $10.26 and its 200-day moving average price is $13.54.

Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in C&J Energy Services by 48.2% in the 1st quarter. Arizona State Retirement System now owns 94,776 shares of the company’s stock worth $1,471,000 after purchasing an additional 30,803 shares in the last quarter. Norges Bank bought a new position in C&J Energy Services during the 4th quarter valued at about $9,235,000. AlphaCrest Capital Management LLC bought a new position in C&J Energy Services during the 1st quarter valued at about $601,000. Dimensional Fund Advisors LP bought a new position in C&J Energy Services during the 4th quarter valued at about $9,679,000. Finally, Everence Capital Management Inc. bought a new position in C&J Energy Services during the 1st quarter valued at about $223,000.

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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Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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