Price Target Update on C&J Energy Services Ltd. (NYSE:CJES)

C&J Energy Services Ltd. (NYSE:CJES) : The highest short term price target forecast on C&J Energy Services Ltd. (NYSE:CJES) is $8 and the lowest target price is $1. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $2.36 with a standard deviation of $2.97.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Citigroup maintains its rating on C&J Energy Services Ltd. (NYSE:CJES).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $2 per share to $0.6 per share. The rating by the firm was issued on May 16, 2016.

C&J Energy Services Ltd. (NYSE:CJES): stock turned positive on Thursday. Though the stock opened at $0.8, the bulls momentum made the stock top out at $0.839 level for the day. The stock recorded a low of $0.78 and closed the trading day at $0.8091, in the green by 10.84%. The total traded volume for the day was 2,172,381. The stock had closed at $0.73 in the previous days trading.

The company shares have dropped -94.44% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $13.72 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $0.65 and the 200 Day Moving Average price is recorded at $1.97. On the companys insider trading activities, Gawick Donald Jeffrey, COO of C&J Energy Services Ltd., executed a transaction worth $49,500 on November 12, 2015. A total of 11,000 shares were purchased at an average price of $4.5. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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