Short Term Price Target on C&J Energy Services Ltd. (CJES)

C&J Energy Services Ltd. (NYSE:CJES) : The highest level C&J Energy Services Ltd. (NYSE: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. has dropped 25.64% in the last five trading days, however, the shares have posted positive gains of 3.84% in the last 4 weeks. C&J Energy Services, Ltd. has dropped 58.17% during the last 3-month period . Year-to-Date the stock performance stands at -87.35%. Also, Citigroup maintains its rating on C&J Energy Services Ltd. (NYSE:CJES). The global brokerage major lowers the current price target from $2 per share to $0.6 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on May 16, 2016.

C&J Energy Services Ltd. (NYSE:CJES) : 3 brokerage houses believe that C&J Energy Services Ltd. (NYSE: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. (NYSE: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. (NYSE:CJES): The stock opened at $0.66 on Thursday but the bulls could not build on the opening and the stock topped out at $0.66 for the day. The stock traded down to $0.57 during the day, due to lack of any buying support eventually closed down at $0.60 with a loss of -8.74% for the day. The stock had closed at $0.66 on the previous day. The total traded volume was 3,439,880 shares.

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