C&J Energy Services (NYSE:CJ) issued its earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.15), Bloomberg Earnings reports. The firm had revenue of $501.08 million during the quarter, compared to analysts’ expectations of $535.43 million. C&J Energy Services had a negative net margin of 7.99% and a positive return on equity of 0.64%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS.
Shares of NYSE CJ traded down $0.54 on Tuesday, hitting $9.51. The company’s stock had a trading volume of 37,195 shares, compared to its average volume of 892,641. C&J Energy Services has a 12-month low of $8.96 and a 12-month high of $24.71. The stock has a market cap of $643.79 million, a P/E ratio of 11.75 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.13 and a quick ratio of 1.88. The company has a 50 day simple moving average of $11.29.
Several analysts have recently weighed in on CJ shares. Morgan Stanley set a $20.00 target price on shares of C&J Energy Services and gave the company a “hold” rating in a report on Monday, May 13th. Raymond James reissued a “hold” rating and set a $4.00 price objective on shares of C&J Energy Services in a report on Wednesday, July 31st. Zacks Investment Research downgraded shares of C&J Energy Services from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Citigroup raised shares of C&J Energy Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. C&J Energy Services currently has a consensus rating of “Hold” and an average target price of $13.29.
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.
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