Jefferies analyst Brad Handler reiterated a Buy rating on C&J Energy Services Inc (NYSE MKT: CJ) today and set a price target of $25. The company’s shares closed yesterday at $21.58, close to its 52-week low of $18.86.
According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -6.4% and a 38.2% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Mammoth Energy Services, and Frank’s International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for C&J Energy Services Inc with a $29.25 average price target, a 35.5% upside from current levels. In a report issued on September 24, Credit Suisse also maintained a Buy rating on the stock with a $27 price target.
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The company has a one-year high of $36.57 and a one-year low of $18.86. Currently, C&J Energy Services Inc has an average volume of 875.5K.
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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.
