C&J Energy Services (NYSE:CJ) Stock Price Up 5.4%

Shares of C&J Energy Services Inc (NYSE:CJ) rose 5.4% during mid-day trading on Monday . The company traded as high as $9.29 and last traded at $9.23, approximately 571,595 shares changed hands during trading. A decline of 35% from the average daily volume of 878,606 shares. The stock had previously closed at $8.76.

CJ has been the topic of a number of research reports. ValuEngine raised shares of C&J Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Raymond James reaffirmed a “hold” rating and set a $4.00 target price on shares of C&J Energy Services in a research report on Wednesday, July 31st. Royal Bank of Canada dropped their target price on shares of C&J Energy Services from $3.50 to $3.00 in a research report on Friday. Zacks Investment Research raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of C&J Energy Services in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $10.75.

The stock has a market cap of $571.78 million, a P/E ratio of 11.40 and a beta of 1.44. The company has a current ratio of 2.15, a quick ratio of 1.92 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $11.67.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.15). The business had revenue of $501.08 million during the quarter, compared to the consensus estimate of $535.43 million. C&J Energy Services had a negative net margin of 15.12% and a negative return on equity of 3.35%. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. As a group, analysts expect that C&J Energy Services Inc will post -1.16 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CJ. First Trust Advisors LP grew its holdings in shares of C&J Energy Services by 22.3% in the 1st quarter. First Trust Advisors LP now owns 158,048 shares of the company’s stock worth $2,453,000 after purchasing an additional 28,864 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in C&J Energy Services by 4,600.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,500 shares of the company’s stock worth $277,000 after buying an additional 23,000 shares in the last quarter. First Hawaiian Bank lifted its position in C&J Energy Services by 21.3% during the 2nd quarter. First Hawaiian Bank now owns 34,429 shares of the company’s stock worth $406,000 after buying an additional 6,045 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in C&J Energy Services during the 2nd quarter worth about $41,000. Finally, Strs Ohio lifted its position in C&J Energy Services by 18.0% during the 2nd quarter. Strs Ohio now owns 60,300 shares of the company’s stock worth $710,000 after buying an additional 9,200 shares in the last quarter.

C&J Energy Services Company Profile (NYSE:CJ)

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.

Read More: Initial Coin Offering (ICO)

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