Wall Street analysts forecast that C&J Energy Services Inc (NYSE:CJ) will post $552.99 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for C&J Energy Services’ earnings, with the lowest sales estimate coming in at $547.12 million and the highest estimate coming in at $559.00 million. C&J Energy Services reported sales of $314.19 million in the same quarter last year, which would suggest a positive year over year growth rate of 76%. The business is expected to report its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that C&J Energy Services will report full-year sales of $552.99 million for the current financial year, with estimates ranging from $2.46 billion to $2.68 billion. For the next financial year, analysts expect that the business will post sales of $3.14 billion per share, with estimates ranging from $2.85 billion to $3.34 billion. Zacks’ sales averages are an average based on a survey of analysts that follow C&J Energy Services.
C&J Energy Services (NYSE:CJ) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $491.75 million during the quarter, compared to analyst estimates of $477.37 million.
CJ has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of C&J Energy Services in a report on Tuesday, January 23rd. Morgan Stanley upgraded shares of C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Tuesday, November 14th. Citigroup reduced their target price on shares of C&J Energy Services from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $32.00 target price (down from $40.00) on shares of C&J Energy Services in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.77.
Shares of C&J Energy Services (CJ) traded down $0.15 during midday trading on Friday, reaching $25.73. 895,379 shares of the company were exchanged, compared to its average volume of 911,186. The firm has a market cap of $1,770.00 and a PE ratio of 25.88. C&J Energy Services has a 12-month low of $22.99 and a 12-month high of $39.13.
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of C&J Energy Services during the 4th quarter worth about $109,000. Amalgamated Bank purchased a new position in shares of C&J Energy Services during the 4th quarter worth about $208,000. ETRADE Capital Management LLC purchased a new position in shares of C&J Energy Services during the 4th quarter worth about $246,000. Jane Street Group LLC purchased a new position in shares of C&J Energy Services during the 3rd quarter worth about $243,000. Finally, Cipher Capital LP purchased a new position in shares of C&J Energy Services during the 3rd quarter worth about $283,000. Institutional investors and hedge funds own 94.83% of the company’s stock.
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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.
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