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Citigroup disclosed C&J Energy (TSE:CJ), upping its stock price target to $40.00 today

In a report issued 05/16/2017 Citigroup raised the target price of C&J Energy (TSE:CJ) to $40.00 stating a potential upside of 0.22%.

Boasting a price of $32.75, C&J Energy (TSE:CJ) traded 0.00% even on the day. With the last stock price close up -22.17% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. C&J Energy has recorded a 50-day average of $6.83 and a two hundred day average of $8.45. Volume of trade was down over the average, with 192,283 shares of CJ changing hands under the typical 487,989

Performance Chart

C&J Energy (TSE:CJ)

With a total market value of $0, C&J Energy has with a one year low of $6.12 and a one year high of $10.92 .

A total of 12 equity analysts have released a ratings update on CJ. Two equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.17.

Brief Synopsis About C&J Energy (TSE:CJ)

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta. The Wainwright properties (including the Hayter asset) produce approximately 4,500 barrels of oil equivalent per day (Boe/d) of predominantly heavy crude oil and associated natural gas. Its Bantry property is located near the City of Brooks, Alberta. It produces medium crude oil, natural gas and natural gas liquids (NGLs). The Company produces approximately 4,400 boe/d at Bantry property. Its Slave Lake (Mitsue) property is located approximately 280 kilometers north of Edmonton, Alberta. The property produces approximately 3,600 boe/d (light crude oil and NGLs). Its Chauvin property is located approximately 70 kilometers east of Wainwright, Alberta.

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