Q4 2018 Earnings Estimate for C&J Energy Services Inc (CJ) Issued By Piper Jaffray Companies

C&J Energy Services Inc (NYSE:CJ) – Stock analysts at Piper Jaffray Companies cut their Q4 2018 EPS estimates for C&J Energy Services in a report released on Tuesday, November 6th. Piper Jaffray Companies analyst J. Daniel now anticipates that the company will earn ($0.16) per share for the quarter, down from their previous estimate of ($0.04). Piper Jaffray Companies currently has a “Buy” rating and a $29.00 target price on the stock. Piper Jaffray Companies also issued estimates for C&J Energy Services’ Q1 2019 earnings at ($0.19) EPS, Q2 2019 earnings at ($0.04) EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.20 EPS.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $567.92 million for the quarter, compared to analyst estimates of $586.66 million. C&J Energy Services had a return on equity of 7.19% and a net margin of 5.24%. C&J Energy Services’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS.

CJ has been the topic of a number of other reports. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Wells Fargo & Co restated a “hold” rating on shares of C&J Energy Services in a research report on Friday, November 2nd. Bank of America increased their price target on C&J Energy Services from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. Johnson Rice started coverage on C&J Energy Services in a research report on Monday, September 17th. They set an “accumulate” rating and a $26.00 price target on the stock. Finally, BMO Capital Markets decreased their price target on C&J Energy Services from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.69.

NYSE CJ opened at $20.08 on Thursday. The company has a market cap of $1.36 billion, a P/E ratio of -143.43, a price-to-earnings-growth ratio of 0.24 and a beta of 0.78. C&J Energy Services has a one year low of $16.82 and a one year high of $36.57.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in C&J Energy Services by 139.2% in the 2nd quarter. BlackRock Inc. now owns 9,126,478 shares of the company’s stock valued at $215,387,000 after buying an additional 5,310,518 shares during the last quarter. Point72 Asset Management L.P. boosted its position in C&J Energy Services by 134.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,041,980 shares of the company’s stock valued at $71,791,000 after buying an additional 1,745,390 shares during the last quarter. Towle & Co. bought a new position in C&J Energy Services in the 3rd quarter valued at $23,996,000. Alliancebernstein L.P. boosted its position in C&J Energy Services by 149.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,045,048 shares of the company’s stock valued at $21,737,000 after buying an additional 625,678 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in shares of C&J Energy Services by 17.3% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 926,984 shares of the company’s stock valued at $19,281,000 after purchasing an additional 136,834 shares during the period. Hedge funds and other institutional investors own 99.75% of the company’s stock.

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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