C&J Energy Services, Inc. (NYSE:CJ)‘s stock had its “buy” rating reaffirmed by Jefferies Group LLC in a report released on Friday. They presently have a $36.00 target price on the stock. Jefferies Group LLC’s target price indicates a potential upside of 25.30% from the company’s previous close. Jefferies Group also issued estimates for C&J Energy Services’ Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.47 EPS, FY2019 earnings at $3.45 EPS and FY2020 earnings at $4.80 EPS.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target (down from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Guggenheim began coverage on shares of C&J Energy Services in a research note on Thursday, September 7th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $36.00 price target (down from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.27.

C&J Energy Services (NYSE:CJ) opened at 28.73 on Friday. The firm’s 50-day moving average is $27.82 and its 200-day moving average is $30.89. C&J Energy Services has a 52 week low of $24.30 and a 52 week high of $36.78. The stock has a market capitalization of $1.82 billion and a P/E ratio of 88.67.

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In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $29.83, for a total transaction of $889,202.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of C&J Energy Services during the 2nd quarter worth about $140,000. Quantbot Technologies LP purchased a new position in shares of C&J Energy Services during the 2nd quarter worth about $144,000. SG Americas Securities LLC purchased a new position in shares of C&J Energy Services during the 2nd quarter worth about $152,000. US Bancorp DE purchased a new position in shares of C&J Energy Services during the 2nd quarter worth about $168,000. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of C&J Energy Services during the 2nd quarter worth about $199,000.

C&J Energy Services Company Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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

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