BMO Capital Markets reiterated their buy rating on shares of C&J Energy Services (NYSE:CJ) in a report published on Tuesday morning. They currently have a $39.00 price objective on the stock.

A number of other research firms also recently issued reports on CJ. Stephens assumed coverage on shares of C&J Energy Services in a research note on Tuesday, January 9th. They issued an overweight rating and a $42.00 price target on the stock. Jefferies Group set a $40.00 price target on shares of C&J Energy Services and gave the company a buy rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of C&J Energy Services from a hold rating to a buy rating and set a $36.00 price objective for the company in a report on Friday, December 15th. Evercore ISI restated an outperform rating and issued a $42.00 price objective on shares of C&J Energy Services in a report on Thursday, December 7th. Finally, Morgan Stanley upgraded shares of C&J Energy Services from an equal weight rating to an overweight rating and set a $44.00 price objective for the company in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $40.62.

C&J Energy Services (NYSE CJ) traded down $0.72 during trading on Tuesday, hitting $34.34. 567,600 shares of the stock were exchanged, compared to its average volume of 756,275. C&J Energy Services has a twelve month low of $24.30 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $442.70 million during the quarter, compared to analysts’ expectations of $445.87 million. C&J Energy Services’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted ($0.61) earnings per share. sell-side analysts anticipate that C&J Energy Services will post -0.04 earnings per share for the current fiscal year.

In other C&J Energy Services news, insider Tim Wallace sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $29.56, for a total transaction of $59,120.00. Following the completion of the transaction, the insider now owns 12,248 shares in the company, valued at approximately $362,050.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alternative Asset Manage Solus sold 632,530 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $29.59, for a total transaction of $18,716,562.70. The disclosure for this sale can be found here. Insiders sold 1,087,330 shares of company stock valued at $32,189,684 in the last 90 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp acquired a new position in C&J Energy Services during the 2nd quarter worth approximately $19,620,000. Concourse Capital Management LLC grew its holdings in C&J Energy Services by 296.8% during the 3rd quarter. Concourse Capital Management LLC now owns 122,930 shares of the company’s stock worth $3,684,000 after acquiring an additional 91,950 shares in the last quarter. Cipher Capital LP acquired a new position in C&J Energy Services during the 3rd quarter worth approximately $283,000. Wells Fargo & Company MN grew its holdings in C&J Energy Services by 53.6% during the 3rd 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 in the last quarter. Finally, Energy Opportunities Capital Management LLC grew its holdings in C&J Energy Services by 43.6% during the 3rd quarter. Energy Opportunities Capital Management LLC now owns 30,345 shares of the company’s stock worth $909,000 after acquiring an additional 9,210 shares in the last quarter. Institutional investors own 96.43% of the company’s stock.

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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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