Analysts forecast that C&J Energy Services Inc (NYSE:CJ) will report $0.17 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for C&J Energy Services’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.22. C&J Energy Services also posted earnings of $0.17 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that C&J Energy Services will report full year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.02 to $1.23. For the next fiscal year, analysts forecast that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.07 to $2.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover C&J Energy Services.

C&J Energy Services (NYSE:CJ) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). C&J Energy Services had a net margin of 5.56% and a return on equity of 7.52%. The company had revenue of $610.52 million for the quarter, compared to analyst estimates of $598.66 million. During the same period last year, the company posted ($0.20) earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis.

CJ has been the subject of several recent research reports. Johnson Rice initiated coverage on C&J Energy Services in a research report on Monday. They set an “accumulate” rating and a $26.00 price target for the company. BMO Capital Markets reduced their price target on C&J Energy Services from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Piper Jaffray Companies set a $34.00 price target on C&J Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 15th. Seaport Global Securities initiated coverage on C&J Energy Services in a research report on Friday, May 25th. They set a “buy” rating and a $50.00 price target for the company. Finally, Morgan Stanley cut C&J Energy Services from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research report on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. C&J Energy Services currently has an average rating of “Hold” and a consensus price target of $36.31.

Shares of NYSE CJ opened at $21.06 on Friday. C&J Energy Services has a 52 week low of $18.86 and a 52 week high of $36.57. The company has a market cap of $1.45 billion, a P/E ratio of -150.43 and a beta of 0.69.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in C&J Energy Services by 81.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,876 shares of the company’s stock worth $152,000 after purchasing an additional 2,630 shares during the last quarter. Neuburgh Advisers LLC acquired a new stake in C&J Energy Services during the 2nd quarter worth approximately $176,000. NumerixS Investment Technologies Inc acquired a new stake in C&J Energy Services during the 2nd quarter worth approximately $191,000. Riverhead Capital Management LLC acquired a new stake in C&J Energy Services during the 2nd quarter worth approximately $194,000. Finally, Koch Industries Inc. acquired a new stake in C&J Energy Services during the 1st quarter worth approximately $205,000. 99.75% of the stock is owned by institutional investors.

About C&J Energy Services

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.

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Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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