Jefferies Group Comments on C&J Energy Services, Inc.’s Q3 2018 Earnings (CJ)

C&J Energy Services, Inc. (NYSE:CJ) – Jefferies Group lifted their Q3 2018 earnings per share (EPS) estimates for shares of C&J Energy Services in a report issued on Thursday. Jefferies Group analyst B. Handler now expects that the company will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.39. Jefferies Group has a “Buy” rating and a $36.00 price objective 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 equities research analysts have also recently issued reports on CJ. Citigroup Inc. reiterated a “buy” rating and set a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Deutsche Bank AG restated a “buy” rating and issued a $39.00 price target on shares of C&J Energy Services in a research note on Tuesday. Scotiabank restated a “hold” rating on shares of C&J Energy Services in a research note on Tuesday. Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday. Finally, Guggenheim began 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 on the stock. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.25.

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Shares of C&J Energy Services (CJ) traded up 0.62% during trading on Monday, reaching $29.38. The company’s stock had a trading volume of 53,175 shares. The company has a market cap of $1.86 billion and a PE ratio of 90.68. The stock’s 50 day moving average price is $28.02 and its 200 day moving average price is $30.86. C&J Energy Services has a 52 week low of $24.30 and a 52 week high of $46.30.

In other news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the stock in a transaction 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 document filed with the SEC, which is available through the SEC website.

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

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

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