C&J Energy Services Ltd. (CJES) : Analyst Rating Update

C&J Energy Services Ltd. (CJES) : 3 brokerage houses believe that C&J Energy Services Ltd. (CJES) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on C&J Energy Services Ltd. (CJES). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

C&J Energy Services Ltd. (CJES) : The highest level C&J Energy Services Ltd. (CJES) is projected to reach is $8 for the short term and the lowest estimate is at $1. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $2.36 and the possibility the share price can swing is $2.97.

C&J Energy Services Ltd. (NYSE:CJES): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.50 and $0.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.55, notching a gain of 3.81% for the day. The total traded volume was 1,543,980 . The stock had closed at $0.53 on the previous day.

Also, Citigroup maintains its view on C&J Energy Services Ltd. (NYSE:CJES) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup lowers the price target from $2 per share to $0.6 per share on C&J Energy Services Ltd.. The rating by the firm was issued on May 16, 2016. The company shares have dropped -95.35% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $12.83 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $0.60 and the 200 Day Moving Average price is recorded at $1.69.

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