Q3 2018 EPS Estimates for C&J Energy Services, Inc. (CJ) Raised by Jefferies Group

C&J Energy Services, Inc. (NYSE:CJ) – Analysts at Jefferies Group increased their Q3 2018 earnings estimates for shares of C&J Energy Services in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler now anticipates that the company will earn $0.42 per share for the quarter, up from their previous forecast of $0.39. Jefferies Group currently has a “Buy” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for C&J Energy Services’ Q4 2018 earnings at $0.47 EPS, FY2019 earnings at $3.45 EPS and FY2020 earnings at $4.80 EPS.

A number of other brokerages have also recently commented on CJ. Zacks Investment Research raised C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price target (down from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Deutsche Bank AG assumed coverage on C&J Energy Services in a research note on Tuesday. They issued a “buy” rating and a $39.00 price target for the company. Guggenheim assumed coverage on C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.91.

COPYRIGHT VIOLATION NOTICE: “Q3 2018 EPS Estimates for C&J Energy Services, Inc. (CJ) Raised by Jefferies Group” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/q3-2018-eps-estimates-for-cj-energy-services-inc-cj-raised-by-jefferies-group.html.

Shares of C&J Energy Services (NYSE CJ) traded up 2.69% on Monday, hitting $29.77. 62,336 shares of the company’s stock traded hands. The company has a market cap of $1.88 billion and a price-to-earnings ratio of 91.88. The firm’s 50-day moving average price is $27.91 and its 200 day moving average price is $30.88. C&J Energy Services has a 1-year low of $24.30 and a 1-year high of $46.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of CJ. Ameriprise Financial Inc. bought a new stake in C&J Energy Services during the 1st quarter worth approximately $7,993,000. Sprott Inc. acquired a new position in C&J Energy Services during the 2nd quarter worth approximately $6,169,000. US Bancorp DE acquired a new position in C&J Energy Services during the 2nd quarter worth approximately $168,000. Russell Investments Group Ltd. boosted its position in C&J Energy Services by 155.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock worth $1,288,000 after acquiring an additional 22,847 shares during the last quarter. Finally, Parkwood LLC boosted its position in C&J Energy Services by 114.5% during the 2nd quarter. Parkwood LLC now owns 37,905 shares of the company’s stock worth $1,299,000 after acquiring an additional 20,233 shares during the last quarter.

In related news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink.

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 Serv

C&J Energy Services, Inc. (NYSE:CJ) – Analysts at Jefferies Group increased their Q3 2018 earnings estimates for shares of C&J Energy Services in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler now anticipates that the company will earn $0.42 per share for the quarter, up from their previous forecast of $0.39. Jefferies Group currently has a “Buy” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for C&J Energy Services’ Q4 2018 earnings at $0.47 EPS, FY2019 earnings at $3.45 EPS and FY2020 earnings at $4.80 EPS.

A number of other brokerages have also recently commented on CJ. Zacks Investment Research raised C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price target (down from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Deutsche Bank AG assumed coverage on C&J Energy Services in a research note on Tuesday. They issued a “buy” rating and a $39.00 price target for the company. Guggenheim assumed coverage on C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.91.

COPYRIGHT VIOLATION NOTICE: “Q3 2018 EPS Estimates for C&J Energy Services, Inc. (CJ) Raised by Jefferies Group” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/q3-2018-eps-estimates-for-cj-energy-services-inc-cj-raised-by-jefferies-group.html.

Shares of C&J Energy Services (NYSE CJ) traded up 2.69% on Monday, hitting $29.77. 62,336 shares of the company’s stock traded hands. The company has a market cap of $1.88 billion and a price-to-earnings ratio of 91.88. The firm’s 50-day moving average price is $27.91 and its 200 day moving average price is $30.88. C&J Energy Services has a 1-year low of $24.30 and a 1-year high of $46.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of CJ. Ameriprise Financial Inc. bought a new stake in C&J Energy Services during the 1st quarter worth approximately $7,993,000. Sprott Inc. acquired a new position in C&J Energy Services during the 2nd quarter worth approximately $6,169,000. US Bancorp DE acquired a new position in C&J Energy Services during the 2nd quarter worth approximately $168,000. Russell Investments Group Ltd. boosted its position in C&J Energy Services by 155.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock worth $1,288,000 after acquiring an additional 22,847 shares during the last quarter. Finally, Parkwood LLC boosted its position in C&J Energy Services by 114.5% during the 2nd quarter. Parkwood LLC now owns 37,905 shares of the company’s stock worth $1,299,000 after acquiring an additional 20,233 shares during the last quarter.

In related news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink.

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.

Earnings History and Estimates for C&J Energy Services (NYSE:CJ)

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