C&J Energy Services Inc (CJ) Shares Bought by Fine Capital Partners L.P.

Fine Capital Partners L.P. boosted its position in shares of C&J Energy Services Inc (NYSE:CJ) by 77.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471,766 shares of the company’s stock after purchasing an additional 205,900 shares during the period. C&J Energy Services accounts for 1.5% of Fine Capital Partners L.P.’s investment portfolio, making the stock its 16th biggest holding. Fine Capital Partners L.P. owned 0.75% of C&J Energy Services worth $14,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of C&J Energy Services by 31.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,331,707 shares of the company’s stock valued at $99,851,000 after buying an additional 799,417 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of C&J Energy Services by 6.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 269,030 shares of the company’s stock valued at $8,063,000 after acquiring an additional 15,146 shares during the period. Wells Fargo & Company MN lifted its position in shares of C&J Energy Services by 53.6% during the 3rd quarter. Wells Fargo & Company MN now owns 3,296,492 shares of the company’s stock valued at $98,795,000 after acquiring an additional 1,150,327 shares during the period. Concourse Capital Management LLC increased its stake in C&J Energy Services by 296.8% during the 3rd quarter. Concourse Capital Management LLC now owns 122,930 shares of the company’s stock valued at $3,684,000 after purchasing an additional 91,950 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in C&J Energy Services by 5,075.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,086 shares of the company’s stock valued at $3,828,000 after purchasing an additional 123,650 shares in the last quarter.

In other news, major shareholder Alternative Asset Manage Solus sold 449,300 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.62, for a total value of $13,308,266.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ed Keppler sold 3,500 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $30.21, for a total transaction of $105,735.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,317,139 shares of company stock valued at $38,914,136.

Shares of C&J Energy Services Inc (CJ) traded down $1.11 during mid-day trading on Thursday, reaching $30.68. 469,800 shares of the company’s stock were exchanged, compared to its average volume of 685,149. C&J Energy Services Inc has a fifty-two week low of $24.30 and a fifty-two week high of $46.30.

C&J Energy Services (NYSE:CJ) last posted its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The firm had revenue of $442.70 million during the quarter, compared to the consensus estimate of $445.87 million. During the same quarter in the previous year, the company earned ($0.61) EPS. The business’s revenue was up 13.5% compared to the same quarter last year. equities research analysts forecast that C&J Energy Services Inc will post -0.05 earnings per share for the current fiscal year.

A number of analysts have commented on CJ shares. Zacks Investment Research upgraded shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Guggenheim started coverage on shares of C&J Energy Services in a research note on Thursday, September 7th. They set a “buy” rating and a $37.00 price target for the company. Scotiabank restated a “hold” rating on shares of C&J Energy Services in a research note on Tuesday, October 10th. Jefferies Group restated a “buy” rating and set a $38.00 price target (down previously from $43.00) on shares of C&J Energy Services in a research note on Thursday, August 10th. Finally, Citigroup restated a “buy” rating and set a $36.00 price target (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.17.

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C&J Energy Services Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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Institutional Ownership by Quarter for C&J Energy Services (NYSE:CJ)

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