C&J Energy Services, Inc. (CJ) Stake Boosted by GMT Capital Corp
GMT Capital Corp lifted its holdings in C&J Energy Services, Inc. (NYSE:CJ) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,300 shares of the company’s stock after acquiring an additional 48,700 shares during the period. GMT Capital Corp owned 0.52% of C&J Energy Services worth $9,839,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in C&J Energy Services during the 2nd quarter valued at $140,000. Quantbot Technologies LP purchased a new position in shares of C&J Energy Services during the 2nd quarter valued at about $144,000. SG Americas Securities LLC acquired a new stake in shares of C&J Energy Services during the 2nd quarter valued at about $152,000. US Bancorp DE acquired a new stake in shares of C&J Energy Services during the 2nd quarter valued at about $168,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in C&J Energy Services in the 2nd quarter worth about $199,000.
CJ has been the topic of several recent research reports. Citigroup Inc. boosted their target price on C&J Energy Services from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Deutsche Bank AG reiterated a “buy” rating and set a $39.00 target price on shares of C&J Energy Services in a research note on Tuesday, October 10th. 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 assumed 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, Zacks Investment Research upgraded shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. C&J Energy Services has an average rating of “Buy” and a consensus price target of $40.25.
In other news, insider Ed Keppler sold 3,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $30.21, for a total value of $105,735.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alternative Asset Manage Solus sold 632,530 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $29.59, for a total transaction of $18,716,562.70. The disclosure for this sale can be found here. Insiders have sold 1,317,139 shares of company stock valued at $38,914,136 over the last three months.
Shares of C&J Energy Services, Inc. (NYSE:CJ) opened at $29.89 on Friday. 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 posted its quarterly earnings results on Thursday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. The firm had revenue of $442.70 million for the quarter, compared to analysts’ expectations of $445.87 million. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.61) earnings per share. research analysts expect that C&J Energy Services, Inc. will post -0.06 earnings per share for the current fiscal year.
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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