Brokerages Set C&J Energy Services, Inc. (NYSE:CJ) Target Price at $41.70

C&J Energy Services, Inc. (NYSE:CJ) has earned an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.80.

Several equities analysts have recently issued reports on CJ shares. Zacks Investment Research downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Evercore ISI restated an “outperform” rating and set a $43.00 price objective on shares of C&J Energy Services in a report on Tuesday, May 2nd. Credit Suisse Group restated an “outperform” rating and set a $37.00 price objective on shares of C&J Energy Services in a report on Tuesday, May 2nd. Morgan Stanley initiated coverage on shares of C&J Energy Services in a report on Tuesday, May 2nd. They issued an “equal weight” rating and a $44.00 price target on the stock. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of C&J Energy Services in a report on Wednesday, May 10th.

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Shares of C&J Energy Services (NYSE:CJ) opened at 26.88 on Tuesday. The company’s market capitalization is $1.70 billion. C&J Energy Services has a 52 week low of $20.26 and a 52 week high of $36.78. The stock has a 50 day moving average of $31.56 and a 200-day moving average of $32.08.

Several large investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of C&J Energy Services during the second quarter worth approximately $144,000. SG Americas Securities LLC purchased a new stake in shares of C&J Energy Services during the second quarter worth approximately $152,000. US Bancorp DE purchased a new stake in shares of C&J Energy Services during the second quarter worth approximately $168,000. BNP Paribas Arbitrage SA purchased a new stake in shares of C&J Energy Services during the second quarter worth approximately $199,000. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of C&J Energy Services during the second quarter worth approximately $206,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

C&J Energy Services Company Profile

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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