In a report released yesterday, Mike Urban from Seaport Global reiterated a Buy rating on C&J Energy Services Inc (CJ), with a price target of $28. The company’s shares opened today at $20.63.
According to TipRanks.com, Urban ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.4% and a 36.4% success rate. Urban covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Natural Gas Services Group, and Select Energy Services Inc.
Currently, the analyst consensus on C&J Energy Services Inc is a Strong Buy with an average price target of $27.19.
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Based on C&J Energy Services Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $10.43 million. In comparison, last year the company had a net profit of $10.48 million.
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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.
