C&J Energy (CJES) is Initiated by Credit Suisse to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.
Shares of C&J Energy Services, Ltd. (NYSE:CJES) ended Thursday session in red amid volatile trading. The shares closed down 0.13 points or 2.85% at $4.43 with 1,340,529 shares getting traded. Post opening the session at $4.55, the shares hit an intraday low of $4.36 and an intraday high of $4.56 and the price vacillated in this range throughout the day. The company has a market cap of $533 million and the number of outstanding shares has been calculated to be 120,344,311 shares. The 52-week high of C&J Energy Services, Ltd. (NYSE:CJES) is $18.45 and the 52-week low is $2.97.
During the last several months other analysts have commented on the company rating. Equity analysts at the Brokerage firm Citigroup upgrades its rating on C&J Energy Services, Ltd. (NYSE:CJES). The rating major has initiated the coverage with an buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $6.25 per share to $8 per share. The rating by the firm was issued on December 11, 2015.
Analysts at Zacks have given a short term rating of hold on C&J Energy Services, Ltd. (NYSE:CJES) with a rank of 3. The shares has received an average rating of 1.92 from 12 brokerage firms. 6 analysts have rated the company as a strong buy. The shares has been rated as hold from 5 Wall Street Analysts. 1 analysts have suggested buying the shares.
C&J Energy Services, Ltd. (NYSE:CJES): 9 analysts have set the short term price target of C&J Energy Services, Ltd. (NYSE:CJES) at $7.72. The standard deviation of short term price target has been estimated at $2.96, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 14 and $5 respectively.
C&J Energy Services, Ltd. has lost 13.65% in the last five trading days and dropped 6.74% in the last 4 weeks. C&J Energy Services, Ltd. is up 0.91% in the last 3-month period. Year-to-Date the stock performance stands at -66.46%.”
C&J Energy Services, Inc. is a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, technically demanding well completions. The Company also manufactures and repairs equipment to fulfill its internal needs and for third-party companies in the energy services industry. The Company operates in three reportable segments: Stimulation and Well Intervention Services, Wireline Services and Equipment Manufacturing. The Company provides hydraulic fracturing coiled tubing and related well intervention services through its Stimulation and Well Intervention Services segment to oil and natural gas exploration and production companies. On June 7, 2012, the Company acquired Casedhole Holdings, Inc. and its operating subsidiaries, including Casedhole Solutions, Inc.