C&J Energy Services, Inc. (NYSE:CJ) insider Tim Wallace sold 2,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.56, for a total transaction of $59,120.00. Following the completion of the transaction, the insider now owns 12,248 shares of the company’s stock, valued at approximately $362,050.88. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of C&J Energy Services, Inc. (NYSE CJ) traded up $0.64 during trading on Thursday, hitting $29.83. 475,200 shares of the company were exchanged, compared to its average volume of 683,051. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30.

C&J Energy Services (NYSE:CJ) last announced its earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $442.70 million for the quarter, compared to analyst estimates of $445.87 million. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.61) EPS. analysts expect that C&J Energy Services, Inc. will post -0.06 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in shares of C&J Energy Services during the 2nd quarter worth about $155,777,000. BlackRock Inc. increased its position in shares of C&J Energy Services by 43,395.0% during the 2nd quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock worth $118,380,000 after purchasing an additional 3,446,431 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position 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 worth $99,851,000 after purchasing an additional 799,417 shares in the last quarter. Wells Fargo & Company MN increased 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 worth $98,795,000 after purchasing an additional 1,150,327 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of C&J Energy Services by 295.0% during the 2nd quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock worth $61,309,000 after purchasing an additional 1,336,039 shares in the last quarter.

A number of equities analysts have recently issued reports on CJ shares. Morgan Stanley upgraded shares of C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research note on Tuesday, November 14th. 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. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price objective on shares of C&J Energy Services in a research note on Friday, October 6th. Guggenheim started coverage on shares of C&J Energy Services in a research note on Thursday, September 7th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Deutsche Bank AG restated a “buy” rating and issued a $39.00 price objective on shares of C&J Energy Services in a research note on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.25.

C&J Energy Services Company 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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