C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research note issued on Thursday. They currently have a $38.00 price target on the stock, down from their previous price target of $43.00. Jefferies Group LLC’s price target points to a potential upside of 34.90% from the stock’s previous close.

CJ has been the topic of several other reports. BMO Capital Markets started coverage on C&J Energy Services in a research report on Thursday, April 13th. They issued an “outperform” rating and a $41.00 target price on the stock. Zacks Investment Research lowered C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $37.00 target price on shares of C&J Energy Services in a research report on Tuesday, May 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $43.00 target price on shares of C&J Energy Services in a research report on Tuesday, May 2nd. Finally, Morgan Stanley started coverage on C&J Energy Services in a research report on Tuesday, May 2nd. They issued an “equal weight” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. C&J Energy Services has a consensus rating of “Buy” and an average target price of $40.82.

C&J Energy Services (CJ) opened at 28.17 on Thursday. The firm has a 50-day moving average of $31.73 and a 200 day moving average of $32.20. C&J Energy Services has a 52 week low of $20.26 and a 52 week high of $36.78. The firm’s market capitalization is $1.78 billion.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Parkwood LLC raised its position in shares of C&J Energy Services by 114.5% in the second quarter. Parkwood LLC now owns 37,905 shares of the company’s stock worth $1,299,000 after buying an additional 20,233 shares during the period. Sprott Inc. acquired a new position in shares of C&J Energy Services during the second quarter worth approximately $6,169,000. Ameriprise Financial Inc. acquired a new position in shares of C&J Energy Services during the first quarter worth approximately $7,993,000. Legal & General Group Plc acquired a new position in shares of C&J Energy Services during the second quarter worth approximately $358,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of C&J Energy Services during the second quarter worth approximately $6,766,000. 89.35% of the stock is currently owned by institutional investors.

About C&J Energy Services

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

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

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