BMO Capital analyst Daniel Boyd reiterated a Buy rating on C&J Energy Services Inc (NYSE MKT: CJ) yesterday and set a price target of $28. The company’s shares closed yesterday at $22.71, close to its 52-week low of $21.22.
According to TipRanks.com, Boyd is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.5% and a 36.9% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Schlumberger Limited, Nabors Industries, and National-Oilwell.
C&J Energy Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $32.13, which is a 41.5% upside from current levels. In a report issued on August 15, Piper Jaffray also reiterated a Buy rating on the stock with a $33.50 price target.
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Based on C&J Energy Services Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28.5 million. In comparison, last year the company had a GAAP net loss of $12.72 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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C&J Energy Services, Inc. engages in the provision of on-shore well construction, well completions, and well services to the oil and gas industry. It also offers manufacturing, research, and technology services to oil and gas production companies. It operates through the following segments: Completion Services, Well Support Services.
