Wells Fargo & Company MN Has $20.03 Million Stake in C&J Energy Services Inc (CJ)

Wells Fargo & Company MN lowered its position in C&J Energy Services Inc (NYSE:CJ) by 78.2% during the third quarter, Holdings Channel reports. The institutional investor owned 962,726 shares of the company’s stock after selling 3,455,942 shares during the quarter. Wells Fargo & Company MN’s holdings in C&J Energy Services were worth $20,025,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of C&J Energy Services by 139.2% in the 2nd quarter. BlackRock Inc. now owns 9,126,478 shares of the company’s stock worth $215,387,000 after buying an additional 5,310,518 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of C&J Energy Services by 134.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,041,980 shares of the company’s stock worth $71,791,000 after buying an additional 1,745,390 shares during the last quarter. Towle & Co. purchased a new position in shares of C&J Energy Services in the 3rd quarter worth approximately $23,996,000. Dalton Greiner Hartman Maher & Co. grew its position in shares of C&J Energy Services by 17.3% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 926,984 shares of the company’s stock worth $19,281,000 after buying an additional 136,834 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of C&J Energy Services by 31.3% in the 2nd quarter. Northern Trust Corp now owns 803,516 shares of the company’s stock worth $18,963,000 after buying an additional 191,744 shares during the last quarter.

A number of research analysts have recently issued reports on CJ shares. Zacks Investment Research raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Wells Fargo & Co reaffirmed a “hold” rating on shares of C&J Energy Services in a research report on Friday, November 2nd. Bank of America lifted their price objective on shares of C&J Energy Services from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. Johnson Rice started coverage on shares of C&J Energy Services in a research report on Monday, September 17th. They issued an “accumulate” rating and a $26.00 price objective on the stock. Finally, BMO Capital Markets cut their price objective on shares of C&J Energy Services from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. C&J Energy Services presently has a consensus rating of “Hold” and an average target price of $31.45.

NYSE:CJ opened at $17.18 on Friday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 11.85 and a beta of 0.78. C&J Energy Services Inc has a twelve month low of $16.82 and a twelve month high of $36.57.

C&J Energy Services (NYSE:CJ) last released its earnings results on Thursday, November 1st. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $567.92 million for the quarter, compared to the consensus estimate of $586.66 million. C&J Energy Services had a net margin of 5.24% and a return on equity of 7.19%. C&J Energy Services’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, equities analysts expect that C&J Energy Services Inc will post 0.81 earnings per share for the current year.

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C&J Energy Services Company Profile

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.

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

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