Shares of C&J Energy Services Inc (NYSE:CJ) have been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.14.
Several brokerages have commented on CJ. Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Monday, May 13th. Piper Jaffray Companies decreased their price objective on shares of Ocular Therapeutix to $8.00 and set a “market perform” rating on the stock in a research report on Monday, May 20th. Finally, Morgan Stanley set a $20.00 price objective on shares of C&J Energy Services and gave the stock a “hold” rating in a research report on Monday, May 13th.
Institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. bought a new position in C&J Energy Services during the second quarter worth $41,000. First Hawaiian Bank increased its position in C&J Energy Services by 21.3% in the second quarter. First Hawaiian Bank now owns 34,429 shares of the company’s stock worth $406,000 after buying an additional 6,045 shares during the period. Nisa Investment Advisors LLC increased its position in C&J Energy Services by 4,600.0% in the second quarter. Nisa Investment Advisors LLC now owns 23,500 shares of the company’s stock worth $277,000 after buying an additional 23,000 shares during the period. First Trust Advisors LP increased its position in C&J Energy Services by 22.3% in the first quarter. First Trust Advisors LP now owns 158,048 shares of the company’s stock worth $2,453,000 after buying an additional 28,864 shares during the period. Finally, CNA Financial Corp increased its position in C&J Energy Services by 196.0% in the first quarter. CNA Financial Corp now owns 65,005 shares of the company’s stock worth $1,009,000 after buying an additional 43,044 shares during the period.
Shares of NYSE CJ traded up $0.26 during trading on Friday, hitting $10.46. 812,555 shares of the company were exchanged, compared to its average volume of 851,661. The stock has a market cap of $690.72 million, a P/E ratio of 12.91 and a beta of 1.38. C&J Energy Services has a 1 year low of $9.96 and a 1 year high of $24.82. The stock has a fifty day moving average price of $11.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.88 and a current ratio of 2.13.
C&J Energy Services (NYSE:CJ) last issued its earnings results on Tuesday, May 7th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.14. The company had revenue of $510.80 million for the quarter, compared to analyst estimates of $477.56 million. C&J Energy Services had a negative net margin of 7.99% and a positive return on equity of 0.64%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, sell-side analysts forecast that C&J Energy Services will post -0.47 earnings per share for the current year.
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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