C&J Energy Services (NYSE:CJ) Trading Down 6.1%

C&J Energy Services Inc (NYSE:CJ) fell 6.1% during trading on Tuesday . The stock traded as low as $10.68 and last traded at $10.80, 614,615 shares were traded during mid-day trading. A decline of 33% from the average session volume of 913,820 shares. The stock had previously closed at $11.50.

Several brokerages recently commented on CJ. Zacks Investment Research downgraded shares of C&J Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Scotiabank set a $9.00 target price on shares of C&J Energy Services and gave the stock a “buy” rating in a research note on Monday, August 26th. Jefferies Financial Group raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and decreased their target price for the stock from $14.00 to $13.50 in a research note on Tuesday, August 20th. ValuEngine raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Co raised shares of C&J Energy Services from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.35.

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 stock’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $12.49. The firm has a market capitalization of $726.28 million, a PE ratio of 13.33 and a beta of 1.41.



C&J Energy Services (NYSE:CJ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.15). The company had revenue of $501.08 million for the quarter, compared to analysts’ expectations of $535.43 million. C&J Energy Services had a negative net margin of 15.12% and a negative return on equity of 3.35%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, analysts predict that C&J Energy Services Inc will post -1 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. increased its position in C&J Energy Services by 87.5% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 472,036 shares of the company’s stock valued at $5,561,000 after purchasing an additional 220,265 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of C&J Energy Services in the 2nd quarter worth about $536,000. Tower Research Capital LLC TRC grew its position in shares of C&J Energy Services by 252.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 43,536 shares of the company’s stock worth $512,000 after buying an additional 31,174 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in shares of C&J Energy Services in the 1st quarter worth about $601,000. Finally, ARP Americas LP purchased a new stake in shares of C&J Energy Services in the 2nd quarter worth about $1,282,000.

C&J Energy Services Company Profile (NYSE:CJ)

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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