C&J Energy Services Inc (CJ) Major Shareholder Sells $13,308,266.00 in Stock

C&J Energy Services Inc (NYSE:CJ) major shareholder Alternative Asset Manage Solus sold 449,300 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares 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 shares were sold at an average price of $29.59, for a total value of $18,716,562.70.
  • On Tuesday, October 17th, Alternative Asset Manage Solus sold 25,000 shares of C&J Energy Services stock. The shares were sold at an average price of $28.80, for a total value of $720,000.00.
  • On Wednesday, September 20th, Alternative Asset Manage Solus sold 29,809 shares of C&J Energy Services stock. The shares were sold at an average price of $29.83, for a total value of $889,202.47.
  • On Thursday, September 21st, Alternative Asset Manage Solus sold 175,000 shares of C&J Energy Services stock. The shares were sold at an average price of $29.23, for a total value of $5,115,250.00.

C&J Energy Services Inc (NYSE CJ) traded up $1.31 during trading hours on Thursday, reaching $31.99. The company had a trading volume of 379,208 shares, compared to its average volume of 683,768. 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 quarterly earnings results on Thursday, November 9th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.10. The firm had revenue of $442.70 million during the quarter, compared to analyst estimates of $445.87 million. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.61) earnings per share. analysts anticipate that C&J Energy Services Inc will post -0.05 EPS for the current fiscal year.

CJ has been the topic of several research reports. Morgan Stanley raised C&J Energy Services from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research report on Tuesday, November 14th. Zacks Investment Research lowered C&J Energy Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and set a $38.00 target price on shares of C&J Energy Services in a research report on Monday, November 13th. Citigroup lifted their target price on C&J Energy Services from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $39.00 target price on shares of C&J Energy Services in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. C&J Energy Services currently has an average rating of “Buy” and a consensus price target of $40.17.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in C&J Energy Services in the second quarter worth about $155,777,000. BlackRock Inc. grew its stake in C&J Energy Services by 43,395.0% in the second 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 grew its stake in C&J Energy Services by 31.6% in the third 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 grew its stake in C&J Energy Services by 53.6% in the third 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 grew its stake in C&J Energy Services by 295.0% in the second 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.

COPYRIGHT VIOLATION NOTICE: “C&J Energy Services Inc (CJ) Major Shareholder Sells $13,308,266.00 in Stock” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/07/cj-energy-services-inc-cj-major-shareholder-alternative-asset-manage-solus-sells-449300-shares-of-stock.html.

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.

Receive News & Ratings for C&J Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply