Notable Upgrades: C&J Energy Services (CJES), GoPro, Inc. (GPRO), Rice Energy (RICE), China Unicom (CHU), EV Energy (EVEP)

Analysts at Tudor Pickering are out with a report this morning upgrading shares of C&J Energy Services, Ltd. (CJES) with a ‘Buy‘ from ‘Hold‘ rating.

C&J Energy Services Ltd. shares are currently priced at 13.53x this year’s forecasted earnings, compared to the industry’s 27.61x earnings multiple. Ticker has a t-12 price-to-sales ratio of 0.51. EPS for the same period is $1.22.

In the past 52 weeks, shares of Houston Texas-based company have traded between a low of $9.11 and a high of $34.93 and are now at $16.51. Shares are down 45.53% year-over-year ; up 15.75% year-to-date.

Analysts at Piper Jaffray upgraded their rating on the shares of GoPro, Inc. (GPRO). In a research note published on Wednesday, the firm lifted the name with an ‘Overweight‘ from ‘Neutral‘ rating.

On valuation measures, GoPro Inc. shares are currently priced at 49.89x this year’s forecasted earnings compared to the industry’s 13.03x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.30 and 27.38, respectively. Price/Sales for the same period is 4.12 while EPS is $0.92. Currently there are 6 analysts that rate GPRO a ‘Buy’, 8 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. GPRO has a median Wall Street price target of $57.00 with a high target of $105.00.

Rice Energy Inc. (RICE) was raised to ‘Buy‘ from ‘Neutral‘ at Goldman (GS)  on Wednesday.

RICE is up $1.57 at $23.89 on relatively strong volume. Midway through trading Wednesday, 1.66 million shares of Rice Energy Inc. have exchanged hands as compared to its average daily volume of 1.68 million shares. The stock ranged in a price between $22.45-$24.29 after having opened the day at $22.77 as compared to the previous trading day’s close of $22.32.

In the past 52 weeks, shares of Canonsburg Pennsylvania-based company have traded between a low of $16.04 and a high of $34.34. Shares are down 21.74% year-over-year ; up 6.44% year-to-date.

China Unicom (Hong Kong) Limited (CHU) was upgraded to ‘Outperform‘ from ‘Underperform‘ by Bernstein analysts on Wednesday.

CHU is currently printing a higher than average trading volume with the issue trading 760K  shares, compared to the average volume of 502K. The stock began trading this morning at $17.70 to currently trade 1.82% higher from the prior days close of $17.61. On an intraday basis it has gotten as low as $17.68 and as high as $17.93.

China Unicom (Hong Kong) Ltd. ADS shares are priced at 224.06x this year’s forecasted earnings, compared to the industry’s 17.78x earnings multiple. The company’s current year and next year EPS growth estimates stand at 21.30% and 18.60% compared to the industry growth rates of 13.80% and 6.40%, respectively. CHU has a t-12 price-to-sales ratio of 0.92. EPS for the same period registers at $0.08.

CHU shares have advanced 17.64% in the last 4 weeks and 23.06% in the past three months. Over the past 5 trading sessions the stock has gained 3.59%.

The Central Hong Kong-based company, which is currently valued at $42.92 billion, has a median Wall Street price target of $17.41 with a high target of $22.95. China Unicom is up 30.35% year-over-year, compared with a 12.54% gain in the S&P 500.

EV Energy Partners LP (EVEP) had its rating hiked to ‘Outperform‘ from ‘Sector Perform‘ by RBC Capital Markets today. The firm currently has a $22 price target on the stock, up from their previous price target of $20.

EVEP shares recently gained $2.00 to $16.92. The stock is down 51.68% year-over-year and has lost roughly 20% year-to-date. In the past 52 weeks, shares of Houston Texas-based company have traded between a low of $11.95 and a high of $41.97.

EV Energy Partners L.P. closed Tuesday at $14.92. The name has a total market cap of $825.62 million.

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