In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Buy rating on C&J Energy Services Inc (NYSE MKT: CJ), with a price target of $30. The company’s shares opened today at $23.19, close to its 52-week low of $21.99.
According to TipRanks.com, Boyd ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.8% and a 36.6% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Oil States International, Schlumberger Limited, and Helmerich & Payne.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for C&J Energy Services Inc with a $48 average price target.
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The company has a one-year high of $36.57 and a one-year low of $21.99. Currently, C&J Energy Services Inc has an average volume of 980.1K.
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.
