C&J Energy Services Stock Rating Upgraded by Zacks (CJES)
C&J Energy Services (NASDAQ: CJES) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday. The firm currently has a $23.50 target price on the stock.
C&J Energy Services traded down 0.92% on Monday, hitting $22.6902. C&J Energy Services has a 1-year low of $16.15 and a 1-year high of $25.35. The stock’s 50-day moving average is currently $23.41. The company has a market cap of $1.189 billion and a price-to-earnings ratio of 6.80.
C&J Energy Services last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.03. The company had revenue of $286.30 million for the quarter, compared to the consensus estimate of $279.57 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts predict that C&J Energy Services will post $2.86 earnings per share for the current fiscal year.
CJES has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase raised their price target on shares of C&J Energy Services from $23.00 to $28.00 in a research note to investors on Tuesday, February 19th. Separately, analysts at Citigroup reiterated a “buy” rating on shares of C&J Energy Services in a research note to investors on Friday, February 15th. They now have a $29.00 price target on the stock, up previously from $24.00. Finally, analysts at Goldman Sachs initiated coverage on shares of C&J Energy Services in a research note to investors on Tuesday, December 18th. They set a “buy” rating and a $26.00 price target on the stock.
Seven analysts have rated the stock with a buy rating, two have given a hold rating, and one has given a sell rating to the company. C&J Energy Services currently has a consensus rating of “overweight” and an average price target of $28.00.
C&J Energy Services, Inc. (C&J) provider of hydraulic fracturing and coiled tubing services. C&J provides its services in conjunction with both conventional and unconventional well completions, as well as workover and stimulation operations for existing wells.
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