Equities analysts forecast that C&J Energy Services Inc (NYSE:CJ) will report $552.99 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for C&J Energy Services’ earnings, with estimates ranging from $547.12 million to $559.00 million. C&J Energy Services posted sales of $314.19 million during the same quarter last year, which suggests a positive year over year growth rate of 76%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that C&J Energy Services will report full year sales of $552.99 million for the current year, with estimates ranging from $2.46 billion to $2.68 billion. For the next financial year, analysts forecast that the firm will post sales of $3.14 billion per share, with estimates ranging from $2.85 billion to $3.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow C&J Energy Services.
C&J Energy Services (NYSE:CJ) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $491.75 million during the quarter, compared to analyst estimates of $477.37 million.
Several brokerages have recently weighed in on CJ. Guggenheim set a $42.00 target price on C&J Energy Services and gave the company a “buy” rating in a research note on Tuesday, March 6th. BMO Capital Markets set a $34.00 target price on C&J Energy Services and gave the company a “buy” rating in a research note on Friday, February 23rd. Jefferies Group set a $40.00 target price on C&J Energy Services and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Stephens began coverage on C&J Energy Services in a research note on Tuesday, January 9th. They set an “overweight” rating and a $42.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. C&J Energy Services currently has a consensus rating of “Buy” and an average price target of $39.77.
A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in C&J Energy Services in the fourth quarter worth about $109,000. Amalgamated Bank bought a new position in C&J Energy Services in the fourth quarter worth about $208,000. ETRADE Capital Management LLC bought a new position in C&J Energy Services in the fourth quarter worth about $246,000. Jane Street Group LLC bought a new position in C&J Energy Services in the third quarter worth about $243,000. Finally, Cipher Capital LP bought a new position in C&J Energy Services in the third quarter worth about $283,000. Institutional investors and hedge funds own 94.20% of the company’s stock.
Shares of C&J Energy Services (NYSE:CJ) opened at $25.51 on Friday. The firm has a market capitalization of $1,746.57 and a PE ratio of 170.07. C&J Energy Services has a 52 week low of $22.99 and a 52 week high of $39.13.
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About C&J Energy Services
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.
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