C&J Energy Services (NYSE:CJ) Rating Reiterated by Guggenheim

Guggenheim reaffirmed their buy rating on shares of C&J Energy Services (NYSE:CJ) in a research report report published on Tuesday, January 23rd. They currently have a $41.00 price target on the stock.

CJ has been the subject of several other reports. Deutsche Bank reissued a buy rating and set a $39.00 target price on shares of C&J Energy Services in a research report on Tuesday, October 10th. Stephens started coverage on shares of C&J Energy Services in a research report on Tuesday, January 9th. They set an overweight rating and a $42.00 target price for the company. Jefferies Group set a $40.00 price objective on shares of C&J Energy Services and gave the stock a buy rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of C&J Energy Services from a hold rating to a sell rating in a research report on Thursday, November 2nd. Finally, Evercore ISI reaffirmed an outperform rating and issued a $42.00 price objective on shares of C&J Energy Services in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $40.77.

C&J Energy Services (NYSE CJ) traded up $0.16 during trading hours on Tuesday, hitting $25.35. 546,230 shares of the stock traded hands, compared to its average volume of 805,608. C&J Energy Services has a one year low of $22.99 and a one year high of $45.00.

In other C&J Energy Services news, insider Tim Wallace sold 2,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $29.56, for a total value of $59,120.00. Following the sale, the insider now directly owns 12,248 shares in the company, valued at approximately $362,050.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alternative Asset Manage Solus sold 449,300 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $29.62, for a total transaction of $13,308,266.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,083,830 shares of company stock worth $32,083,949.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in C&J Energy Services in the 4th quarter worth approximately $109,000. Ameritas Investment Partners Inc. purchased a new stake in C&J Energy Services in the 2nd quarter worth approximately $140,000. Quantbot Technologies LP purchased a new stake in C&J Energy Services in the 2nd quarter worth approximately $144,000. Virtu KCG Holdings LLC bought a new position in shares of C&J Energy Services in the 2nd quarter worth $206,000. Finally, Amalgamated Bank bought a new position in shares of C&J Energy Services in the 4th quarter worth $208,000. Institutional investors and hedge funds own 96.75% of the company’s stock.

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About C&J Energy Services

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

Analyst Recommendations for C&J Energy Services (NYSE:CJ)

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