C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a report issued on Monday. They currently have a $38.00 target price on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 25.21% from the company’s current price.

A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of C&J Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Scotiabank reiterated a “hold” rating on shares of C&J Energy Services in a report on Tuesday, October 10th. Deutsche Bank AG reiterated a “buy” rating and issued a $39.00 target price on shares of C&J Energy Services in a report on Tuesday, October 10th. Guggenheim assumed coverage on shares of C&J Energy Services in a report on Thursday, September 7th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $36.00 target price (down from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.42.

Shares of C&J Energy Services (NYSE:CJ) opened at $30.35 on Monday. C&J Energy Services has a fifty-two week low of $24.30 and a fifty-two week high of $46.30.

C&J Energy Services (NYSE:CJ) last released its earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $442.70 million during the quarter, compared to the consensus estimate of $445.87 million. During the same quarter in the previous year, the firm earned ($0.61) earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. sell-side analysts predict that C&J Energy Services will post -0.24 earnings per share for the current fiscal year.

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In other news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total transaction of $889,202.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 229,809 shares of company stock worth $6,724,452 in the last 90 days.

Several hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. raised its holdings in shares of C&J Energy Services by 8.1% during the third quarter. American International Group Inc. now owns 31,119 shares of the company’s stock valued at $933,000 after acquiring an additional 2,327 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of C&J Energy Services by 10.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 27,292 shares of the company’s stock valued at $818,000 after acquiring an additional 2,505 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of C&J Energy Services by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 522,270 shares of the company’s stock valued at $15,652,000 after acquiring an additional 2,780 shares during the period. Ameritas Investment Partners Inc. purchased a new position in C&J Energy Services during the second quarter valued at approximately $140,000. Finally, Quantbot Technologies LP purchased a new position in C&J Energy Services during the second quarter valued at approximately $144,000.

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.

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

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