In a report released today, Judson Bailey from Wells Fargo maintained a Hold rating on C&J Energy Services Inc (CJ). The company’s shares opened today at $15.22, close to its 52-week low of $14.71.
According to TipRanks.com, Bailey is a 1-star analyst with an average return of -3.6% and a 29.0% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for C&J Energy Services Inc with a $26.38 average price target.
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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.
