Analysts Expect C&J Energy Services Inc (NYSE:CJ) Will Announce Earnings of -$0.09 Per Share

Analysts expect C&J Energy Services Inc (NYSE:CJ) to announce ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for C&J Energy Services’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.37). C&J Energy Services posted earnings per share of $0.51 during the same quarter last year, which indicates a negative year over year growth rate of 117.6%. The company is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that C&J Energy Services will report full year earnings of ($0.54) per share for the current financial year, with EPS estimates ranging from ($1.49) to $0.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.20 per share, with EPS estimates ranging from ($1.83) to $1.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for C&J Energy Services.

C&J Energy Services (NYSE:CJ) last issued its earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.14. The business had revenue of $510.80 million for the quarter, compared to analysts’ expectations of $477.56 million. C&J Energy Services had a positive return on equity of 0.64% and a negative net margin of 7.99%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS.



CJ has been the subject of several research analyst reports. Morgan Stanley set a $20.00 price objective on C&J Energy Services and gave the stock a “hold” rating in a research report on Monday, May 13th. Zacks Investment Research raised C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Credit Suisse Group set a $15.00 price target on C&J Energy Services and gave the company a “hold” rating in a research note on Thursday, March 21st. Citigroup upgraded C&J Energy Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $20.00 in a research note on Monday, May 13th. Finally, GMP Securities restated a “buy” rating and set a $4.00 price target on shares of C&J Energy Services in a research note on Sunday, March 3rd. 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 company. C&J Energy Services has an average rating of “Hold” and a consensus target price of $14.14.

Shares of NYSE CJ traded down $0.39 during mid-day trading on Friday, reaching $11.11. The company had a trading volume of 3,159 shares, compared to its average volume of 853,836. The company has a quick ratio of 1.88, a current ratio of 2.13 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $763.65 million, a price-to-earnings ratio of 13.67 and a beta of 1.47. C&J Energy Services has a 1-year low of $10.93 and a 1-year high of $24.93.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covington Capital Management bought a new position in C&J Energy Services during the 4th quarter worth about $86,000. Hexavest Inc. acquired a new stake in C&J Energy Services in the 1st quarter valued at about $99,000. Neuburgh Advisers LLC lifted its stake in C&J Energy Services by 25.5% in the 4th quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock valued at $127,000 after purchasing an additional 1,904 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in C&J Energy Services by 56.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,935 shares of the company’s stock valued at $134,000 after purchasing an additional 3,568 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in C&J Energy Services during the first quarter worth approximately $134,000.

About C&J Energy Services

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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