C&J Energy Services, Inc. (NYSE:CJ) has been given an average recommendation of “Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $40.45.

Several research firms recently weighed in on CJ. Guggenheim began coverage on C&J Energy Services in a report on Thursday, September 7th. They set a “buy” rating and a $37.00 price target on the stock. Citigroup Inc. restated a “buy” rating and set a $36.00 price target (down previously from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $38.00 price target (down previously from $43.00) on shares of C&J Energy Services in a report on Thursday, August 10th. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Morgan Stanley restated an “equal weight” rating and set a $38.00 price target (down previously from $44.00) on shares of C&J Energy Services in a report on Wednesday, June 21st.

C&J Energy Services (NYSE CJ) traded up 0.03% during mid-day trading on Friday, reaching $29.67. 373,728 shares of the company traded hands. The company’s 50 day moving average price is $27.51 and its 200 day moving average price is $30.93. The firm has a market capitalization of $1.88 billion and a P/E ratio of 91.57. C&J Energy Services has a 12-month low of $24.30 and a 12-month high of $46.30.

In other C&J Energy Services 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 value of $889,202.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Energy Opportunities Capital Management LLC bought a new position in shares of C&J Energy Services during the 2nd quarter worth $724,000. Dean Capital Management bought a new position in shares of C&J Energy Services during the 2nd quarter worth $4,127,000. Ameritas Investment Partners Inc. bought a new position in shares of C&J Energy Services during the 2nd quarter worth $140,000. California State Teachers Retirement System bought a new position in shares of C&J Energy Services during the 2nd quarter worth $2,817,000. Finally, TVR Capital Management LP bought a new position in shares of C&J Energy Services during the 2nd quarter worth $24,053,000.

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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.

Analyst Recommendations for C&J Energy Services (NYSE:CJ)

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