C&J Energy Services Inc (CJ) Receives a Buy from Piper Jaffray

Piper Jaffray analyst John Daniel reiterated a Buy rating on C&J Energy Services Inc (CJResearch Report) yesterday and set a price target of $29. The company’s shares closed yesterday at $20.27.

According to TipRanks.com, Daniel is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.2% and a 35.7% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and Propetro Holding Corp.

Currently, the analyst consensus on C&J Energy Services Inc is a Strong Buy with an average price target of $26.63, a 31.4% upside from current levels. In a report issued on November 4, Seaport Global also reiterated a Buy rating on the stock with a $28 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.