C&J Energy Services (NYSE:CJ) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of C&J Energy Services (NYSE:CJ) from a sell rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Several other equities research analysts have also commented on the stock. Piper Jaffray Companies set a $21.00 price target on shares of C&J Energy Services and gave the company a buy rating in a report on Monday, May 20th. Raymond James reaffirmed a hold rating and issued a $4.00 price target on shares of C&J Energy Services in a report on Wednesday. Morgan Stanley set a $20.00 price target on shares of C&J Energy Services and gave the company a hold rating in a report on Monday, May 13th. Finally, Citigroup raised shares of C&J Energy Services from a neutral rating to a buy rating and upped their price target for the company from $19.00 to $20.00 in a report on Monday, May 13th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. C&J Energy Services presently has an average rating of Hold and an average price target of $13.29.

NYSE:CJ traded down $0.28 during mid-day trading on Thursday, hitting $9.81. The company’s stock had a trading volume of 1,029,069 shares, compared to its average volume of 863,839. C&J Energy Services has a 1 year low of $8.96 and a 1 year high of $24.82. The company has a current ratio of 2.13, a quick ratio of 1.88 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $666.29 million, a PE ratio of 12.11 and a beta of 1.37. The business’s fifty day moving average price is $11.35.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.14. C&J Energy Services had a negative net margin of 7.99% and a positive return on equity of 0.64%. The company had revenue of $510.80 million for the quarter, compared to analyst estimates of $477.56 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts predict that C&J Energy Services will post -0.5 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of CJ. Pzena Investment Management LLC raised its position in shares of C&J Energy Services by 112.6% in the first quarter. Pzena Investment Management LLC now owns 2,492,932 shares of the company’s stock worth $38,690,000 after acquiring an additional 1,320,597 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of C&J Energy Services in the fourth quarter worth about $9,679,000. Norges Bank acquired a new position in shares of C&J Energy Services in the fourth quarter worth about $9,235,000. SG Americas Securities LLC raised its position in shares of C&J Energy Services by 2,256.8% in the second quarter. SG Americas Securities LLC now owns 223,020 shares of the company’s stock worth $2,627,000 after acquiring an additional 213,557 shares during the period. Finally, Schneider Capital Management Corp raised its position in shares of C&J Energy Services by 19.3% in the first quarter. Schneider Capital Management Corp now owns 1,091,425 shares of the company’s stock worth $16,939,000 after acquiring an additional 176,569 shares during the period.

C&J Energy Services Company Profile

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments.

Featured Story: Why do company’s buyback their stock?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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