C&J Energy Services, Inc. (NYSE:CJ) major shareholder Alternative Asset Manage Solus sold 449,300 shares of C&J Energy Services stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $29.62, for a total transaction of $13,308,266.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Alternative Asset Manage Solus also recently made the following trade(s):

  • On Tuesday, November 21st, Alternative Asset Manage Solus sold 632,530 shares of C&J Energy Services stock. The stock was sold at an average price of $29.59, for a total transaction of $18,716,562.70.
  • On Tuesday, October 17th, Alternative Asset Manage Solus sold 25,000 shares of C&J Energy Services stock. The stock was sold at an average price of $28.80, for a total transaction of $720,000.00.
  • On Wednesday, September 20th, Alternative Asset Manage Solus sold 29,809 shares of C&J Energy Services stock. The stock was sold at an average price of $29.83, for a total transaction of $889,202.47.
  • On Thursday, September 21st, Alternative Asset Manage Solus sold 175,000 shares of C&J Energy Services stock. The stock was sold at an average price of $29.23, for a total transaction of $5,115,250.00.

Shares of C&J Energy Services, Inc. (NYSE CJ) traded down $0.33 during mid-day trading on Wednesday, hitting $29.19. 619,400 shares of the stock were exchanged, compared to its average volume of 684,009. 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.10. The business had revenue of $442.70 million for the quarter, compared to the consensus estimate of $445.87 million. During the same quarter last year, the firm posted ($0.61) EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. sell-side analysts forecast that C&J Energy Services, Inc. will post -0.06 earnings per share for the current year.

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Several brokerages recently commented on CJ. Morgan Stanley raised shares of C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a research note on Tuesday, November 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of C&J Energy Services in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Citigroup Inc. lifted their target price on shares of C&J Energy Services from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. C&J Energy Services has a consensus rating of “Buy” and a consensus price target of $40.25.

Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in C&J Energy Services in the 2nd quarter worth about $140,000. Quantbot Technologies LP bought a new position in C&J Energy Services in the 2nd quarter worth about $144,000. SG Americas Securities LLC bought a new position in C&J Energy Services in the 2nd quarter worth about $152,000. US Bancorp DE bought a new position in C&J Energy Services in the 2nd quarter worth about $168,000. Finally, BNP Paribas Arbitrage SA bought a new position in C&J Energy Services in the 2nd quarter worth about $199,000.

About C&J Energy Services

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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