C&J Energy Services (CJ) Given a $20.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $20.00 target price on C&J Energy Services (NYSE:CJ) in a research note issued to investors on Monday, TipRanks reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also issued reports on CJ. Jefferies Financial Group set a $18.00 price target on shares of C&J Energy Services and gave the stock a hold rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of C&J Energy Services from a sell rating to a hold rating in a research report on Wednesday, January 16th. Credit Suisse Group set a $15.00 price target on shares of C&J Energy Services and gave the stock a hold rating in a research report on Thursday, March 21st. GMP Securities restated a buy rating and issued a $4.00 price target on shares of C&J Energy Services in a research report on Sunday, March 3rd. Finally, Citigroup upgraded shares of C&J Energy Services from a neutral rating to a buy rating and lifted their price target for the stock from $19.00 to $20.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $17.33.

Shares of NYSE:CJ opened at $14.80 on Monday. C&J Energy Services has a 12 month low of $12.35 and a 12 month high of $31.49. The company has a market cap of $946.64 million, a P/E ratio of 18.27 and a beta of 1.43. The company has a current ratio of 2.13, a quick ratio of 1.88 and a debt-to-equity ratio of 0.02.

C&J Energy Services (NYSE:CJ) last announced its earnings results on Tuesday, May 7th. The company reported ($0.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.14. C&J Energy Services had a positive return on equity of 0.64% and a negative net margin of 7.99%. The firm had revenue of $510.80 million for the quarter, compared to analysts’ expectations of $477.56 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, analysts anticipate that C&J Energy Services will post -0.66 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC grew its position in C&J Energy Services by 126.5% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 26,046 shares of the company’s stock worth $404,000 after purchasing an additional 14,546 shares in the last quarter. Man Group plc grew its position in C&J Energy Services by 142.8% during the 1st quarter. Man Group plc now owns 1,085,867 shares of the company’s stock worth $16,853,000 after purchasing an additional 638,590 shares in the last quarter. SEI Investments Co grew its position in C&J Energy Services by 16.6% during the 1st quarter. SEI Investments Co now owns 36,511 shares of the company’s stock worth $567,000 after purchasing an additional 5,208 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of C&J Energy Services by 95.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 454,704 shares of the company’s stock valued at $7,057,000 after buying an additional 222,395 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in shares of C&J Energy Services during the 1st quarter valued at $517,000.

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.

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

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