C&J Energy Services (NASDAQ:CJES) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock, Analyst Ratings.Net reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.62.
A number of analysts have recently weighed in on CJES shares. Analysts at Citigroup Inc. initiated coverage on shares of C&J Energy Services in a research note on Thursday. They set a “neutral” rating and a $13.00 price target on the stock. Analysts at BMO Capital Markets lowered their price target on shares of C&J Energy Services from $17.00 to $15.00 and set a “market perform” rating on the stock in a research note on Monday, June 29th. Analysts at JPMorgan Chase & Co. initiated coverage on shares of C&J Energy Services in a research note on Friday, May 29th. They set an “overweight” rating and a $20.00 price target on the stock. Analysts at SunTrust raised their price target on shares of C&J Energy Services from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, analysts at Jefferies Group raised their price target on shares of C&J Energy Services from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 8th.
C&J Energy Services (NASDAQ:CJES) traded down 3.21% on Tuesday, hitting $10.56. The stock had a trading volume of 1,754,060 shares. C&J Energy Services has a 52-week low of $9.11 and a 52-week high of $33.82. The stock’s 50-day moving average is $13.47 and its 200-day moving average is $13.27. The company has a market cap of $1.23 billion and a P/E ratio of 22.71.
C&J Energy Services (NASDAQ:CJES) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.06. The company had revenue of $401.20 million for the quarter, compared to the consensus estimate of $367.60 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 26.8% on a year-over-year basis. On average, analysts predict that C&J Energy Services will post $-1.66 earnings per share for the current fiscal year.
C&J Energy Services, Inc. is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on well completions. The Company also manufactures, repairs and refurbishes equipment and provides oilfield parts and supplies. The Company operates in three segments: Stimulation and Well Intervention Services; Wireline Services; and Equipment Manufacturing. Stimulation and Well Intervention Services segment provides hydraulic fracturing, coiled tubing and other well stimulation services. Wireline Services segment provides cased-hole wireline and other complementary services, including logging, perforating, pipe recovery, pressure testing and pumpdown services. Equipment manufacturing segment constructs oilfield equipment, including hydraulic fracturing pumps, coiled tubing units and pressure pumping units. The Company operates in oil and natural gas producing regions of the continental United States.