Morgan Stanley Cuts C&J Energy Services (CJ) Price Target to $40.00

C&J Energy Services (NYSE:CJ) had its target price cut by analysts at Morgan Stanley from $41.00 to $40.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 40.85% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Guggenheim set a $42.00 target price on shares of C&J Energy Services and gave the stock a “buy” rating in a report on Tuesday, March 6th. Jefferies Group set a $40.00 price objective on shares of C&J Energy Services and gave the company a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, December 15th. BMO Capital Markets reiterated a “buy” rating and issued a $39.00 price objective on shares of C&J Energy Services in a report on Tuesday, January 16th. Finally, Citigroup decreased their price objective on shares of C&J Energy Services from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.08.

Shares of CJ opened at $28.40 on Wednesday. The firm has a market cap of $1,945.79 and a P/E ratio of 189.47. C&J Energy Services has a 1-year low of $22.99 and a 1-year high of $36.78.



C&J Energy Services (NYSE:CJ) last issued its earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. The firm had revenue of $491.75 million for the quarter, compared to analyst estimates of $477.37 million. analysts anticipate that C&J Energy Services will post 3.16 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of C&J Energy Services in the fourth quarter valued at about $109,000. Amalgamated Bank bought a new stake in shares of C&J Energy Services in the fourth quarter valued at about $208,000. ETRADE Capital Management LLC bought a new stake in shares of C&J Energy Services in the fourth quarter valued at about $246,000. Jane Street Group LLC bought a new stake in shares of C&J Energy Services in the third quarter valued at about $243,000. Finally, SG Americas Securities LLC boosted its position in shares of C&J Energy Services by 135.8% in the third quarter. SG Americas Securities LLC now owns 10,443 shares of the company’s stock valued at $313,000 after acquiring an additional 6,014 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

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C&J Energy Services Company Profile

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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