In a report released yesterday, John Daniel from Piper Jaffray reiterated a Buy rating on C&J Energy Services Inc (NYSE MKT: CJ), with a price target of $33.50. The company’s shares opened today at $22.40, close to its 52-week low of $21.22.
According to TipRanks.com, Daniel is a 1-star analyst with an average return of -0.3% and a 36.5% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and Propetro Holding Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for C&J Energy Services Inc with a $32.63 average price target, representing a 45.7% upside. In a report issued on August 2, Seaport Global also reiterated a Buy rating on the stock with a $37 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.
