Citigroup set a $24.00 price target on C&J Energy Services (NYSE:CJ) in a research note published on Tuesday. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on CJ. Johnson Rice assumed coverage on C&J Energy Services in a research report on Monday, September 17th. They set an accumulate rating and a $26.00 target price for the company. Credit Suisse Group lifted their target price on C&J Energy Services from $25.00 to $27.00 and gave the company a buy rating in a research report on Monday, September 24th. BMO Capital Markets set a $30.00 target price on C&J Energy Services and gave the company a buy rating in a research report on Wednesday, July 11th. Piper Jaffray Companies set a $34.00 target price on C&J Energy Services and gave the company a buy rating in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group set a $25.00 target price on C&J Energy Services and gave the company a buy rating in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. C&J Energy Services has a consensus rating of Hold and a consensus price target of $34.67.

CJ opened at $19.91 on Tuesday. C&J Energy Services has a 52-week low of $18.86 and a 52-week high of $36.57. The firm has a market cap of $1.42 billion, a P/E ratio of -142.21 and a beta of 0.64.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $610.52 million for the quarter, compared to analysts’ expectations of $598.66 million. During the same quarter in the previous year, the firm earned ($0.20) EPS. C&J Energy Services’s revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts expect that C&J Energy Services will post 1.11 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of C&J Energy Services by 6.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 37,767 shares of the company’s stock worth $976,000 after acquiring an additional 2,217 shares in the last quarter. Legal & General Group Plc raised its position in shares of C&J Energy Services by 13.3% in the 1st quarter. Legal & General Group Plc now owns 21,557 shares of the company’s stock worth $557,000 after acquiring an additional 2,529 shares in the last quarter. Voya Investment Management LLC raised its position in shares of C&J Energy Services by 15.2% in the 2nd quarter. Voya Investment Management LLC now owns 24,182 shares of the company’s stock worth $571,000 after acquiring an additional 3,185 shares in the last quarter. California State Teachers Retirement System raised its position in shares of C&J Energy Services by 4.6% in the 1st quarter. California State Teachers Retirement System now owns 76,553 shares of the company’s stock worth $1,977,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of C&J Energy Services by 33.6% in the 1st quarter. Jane Street Group LLC now owns 13,869 shares of the company’s stock worth $358,000 after acquiring an additional 3,486 shares in the last quarter. 99.75% of the stock is owned by institutional investors and hedge funds.

C&J Energy Services Company Profile

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

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