Equities research analysts at Guggenheim initiated coverage on shares of C&J Energy Services, Inc. (NYSE:CJ) in a research note issued on Thursday. The brokerage set a “buy” rating and a $37.00 price target on the stock. Guggenheim’s target price points to a potential upside of 36.68% from the stock’s previous close.

A number of other brokerages have also recently weighed in on CJ. Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, May 23rd. Jefferies Group LLC began coverage on C&J Energy Services in a research note on Thursday, July 13th. They set a “buy” rating and a $43.00 price objective for the company. Citigroup Inc. began coverage on C&J Energy Services in a research note on Tuesday, May 16th. They set a “buy” rating and a $40.00 price objective for the company. Morgan Stanley restated an “equal weight” rating and set a $38.00 price objective (down from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Finally, Wells Fargo & Company restated an “outperform” rating on shares of C&J Energy Services in a research note on Wednesday, May 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.17.

C&J Energy Services (NYSE CJ) opened at 27.07 on Thursday. C&J Energy Services has a one year low of $24.30 and a one year high of $46.30. The company has a market capitalization of $1.71 billion and a P/E ratio of 83.55. The stock’s 50 day moving average price is $28.28 and its 200 day moving average price is $31.18.

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A number of large investors have recently made changes to their positions in the stock. Energy Opportunities Capital Management LLC acquired a new position in C&J Energy Services during the 2nd quarter valued at about $724,000. Dean Capital Management acquired a new position in C&J Energy Services during the 2nd quarter valued at about $4,127,000. Ameritas Investment Partners Inc. acquired a new position in C&J Energy Services during the 2nd quarter valued at about $140,000. California State Teachers Retirement System acquired a new position in C&J Energy Services during the 2nd quarter valued at about $2,817,000. Finally, TVR Capital Management LP acquired a new position in C&J Energy Services during the 2nd quarter valued at about $24,053,000.

About C&J Energy Services

Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.

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

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