C&J Energy Services, Inc. (NYSE:CJ) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $44.00 target price on the stock. Morgan Stanley’s target price would suggest a potential upside of 44.59% from the stock’s current price.

A number of other research firms have also recently commented on CJ. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price objective on shares of C&J Energy Services in a report on Monday. Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a report on Tuesday, October 10th. Deutsche Bank AG reissued a “buy” rating and issued a $39.00 price objective on shares of C&J Energy Services in a report on Tuesday, October 10th. Finally, Guggenheim started coverage on C&J Energy Services in a report on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. C&J Energy Services presently has an average rating of “Buy” and a consensus target price of $39.92.

C&J Energy Services (NYSE CJ) traded up $0.08 during trading on Tuesday, reaching $30.43. The company’s stock had a trading volume of 480,900 shares, compared to its average volume of 685,646. C&J Energy Services has a 52 week low of $24.30 and a 52 week high of $46.30.

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

COPYRIGHT VIOLATION NOTICE: This report was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/14/cj-energy-services-inc-cj-raised-to-overweight-at-morgan-stanley.html.

In other news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $29.83, for a total value of $889,202.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 229,809 shares of company stock worth $6,724,452 over the last three months.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in C&J Energy Services during the second quarter worth about $155,777,000. BlackRock Inc. grew its holdings in C&J Energy Services by 43,395.0% during the second quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after acquiring an additional 3,446,431 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in C&J Energy Services by 31.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,331,707 shares of the company’s stock worth $99,851,000 after acquiring an additional 799,417 shares during the period. Wells Fargo & Company MN grew its holdings in C&J Energy Services by 53.6% during the third quarter. Wells Fargo & Company MN now owns 3,296,492 shares of the company’s stock worth $98,795,000 after acquiring an additional 1,150,327 shares during the period. Finally, Citadel Advisors LLC grew its holdings in C&J Energy Services by 295.0% during the second quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock worth $61,309,000 after acquiring an additional 1,336,039 shares during the period.

C&J Energy Services Company Profile

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)

Receive News & Ratings for C&J Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.