C&J Energy Services (NYSE:CJ) Upgraded by Wells Fargo & Co to “Outperform”

Wells Fargo & Co upgraded shares of C&J Energy Services (NYSE:CJ) from a market perform rating to an outperform rating in a report released on Thursday morning, BenzingaRatingsTable reports.

Several other equities analysts have also issued reports on the company. Piper Jaffray Companies set a $21.00 target price on C&J Energy Services and gave the company a buy rating in a report on Monday, May 20th. Jefferies Financial Group raised C&J Energy Services from a hold rating to a buy rating and reduced their target price for the company from $14.00 to $13.50 in a report on Tuesday, August 20th. Scotiabank set a $9.00 target price on C&J Energy Services and gave the company a buy rating in a report on Monday, August 26th. ValuEngine raised C&J Energy Services from a sell rating to a hold rating in a report on Thursday, August 1st. Finally, Raymond James reaffirmed a hold rating and issued a $4.00 target price on shares of C&J Energy Services in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $12.12.

CJ traded up $0.23 during midday trading on Thursday, reaching $11.05. 59,987 shares of the company were exchanged, compared to its average volume of 661,640. 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’s fifty day moving average price is $9.63 and its 200 day moving average price is $12.86. The company has a market cap of $701.85 million, a price-to-earnings ratio of 13.62 and a beta of 1.41. C&J Energy Services has a one year low of $8.55 and a one year high of $23.23.



C&J Energy Services (NYSE:CJ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The company had revenue of $501.08 million for 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 posted $0.52 earnings per share. As a group, sell-side analysts anticipate that C&J Energy Services will post -0.93 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund lifted its stake in C&J Energy Services by 1.8% in the first quarter. Texas Permanent School Fund now owns 41,715 shares of the company’s stock valued at $647,000 after purchasing an additional 742 shares during the last quarter. Factorial Partners LLC lifted its stake in C&J Energy Services by 2.8% in the first quarter. Factorial Partners LLC now owns 54,500 shares of the company’s stock valued at $846,000 after purchasing an additional 1,500 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in C&J Energy Services by 2.6% in the second quarter. Pinebridge Investments L.P. now owns 87,167 shares of the company’s stock valued at $1,026,000 after purchasing an additional 2,192 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in C&J Energy Services by 13.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 24,475 shares of the company’s stock valued at $288,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in C&J Energy Services in the second quarter valued at approximately $35,000.

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

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