Seaport Global analyst Mike Urban reiterated a Buy rating on C&J Energy Services Inc (NYSE MKT: CJ) on July 10 and set a price target of $40. The company’s shares closed yesterday at $23.15, close to its 52-week low of $21.99.
According to TipRanks.com, Urban is ranked #4647 out of 4843 analysts.
C&J Energy Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $39, implying a 68.5% upside from current levels. In a report issued on July 11, BMO Capital also reiterated a Buy rating on the stock with a $30 price target.
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Based on C&J Energy Services Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $553 million and net profit of $20.59 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.
