ETRADE Capital Management LLC acquired a new stake in C&J Energy Services Inc (NYSE:CJ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,338 shares of the company’s stock, valued at approximately $246,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in CJ. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of C&J Energy Services in the fourth quarter valued at about $109,000. Amalgamated Bank acquired a new position in shares of C&J Energy Services in the fourth quarter valued at approximately $208,000. Jane Street Group LLC acquired a new position in shares of C&J Energy Services in the third quarter valued at approximately $243,000. Cipher Capital LP acquired a new position in shares of C&J Energy Services in the third quarter valued at approximately $283,000. Finally, SG Americas Securities LLC raised its position in shares of C&J Energy Services by 135.8% in the third quarter. SG Americas Securities LLC now owns 10,443 shares of the company’s stock valued at $313,000 after buying an additional 6,014 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.
Several equities research analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating and set a $41.00 price objective on shares of C&J Energy Services in a research note on Tuesday, January 23rd. Credit Suisse Group restated an “outperform” rating and issued a $32.00 target price (down from $40.00) on shares of C&J Energy Services in a research note on Monday, February 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $39.00 price target on shares of C&J Energy Services in a report on Tuesday, January 16th. Jefferies Group restated a “buy” rating and set a $36.00 price objective on shares of C&J Energy Services in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $39.38.
Shares of NYSE CJ traded down $1.22 during midday trading on Friday, reaching $25.59. 1,099,755 shares of the company traded hands, compared to its average volume of 1,171,755. C&J Energy Services Inc has a 12 month low of $22.99 and a 12 month high of $36.78. The stock has a market cap of $1,771.89 and a PE ratio of -182.79.
C&J Energy Services (NYSE:CJ) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $491.75 million during the quarter, compared to the consensus estimate of $477.37 million. equities analysts forecast that C&J Energy Services Inc will post 3.06 EPS for the current year.
TRADEMARK VIOLATION WARNING: “ETRADE Capital Management LLC Takes $246,000 Position in C&J Energy Services Inc (CJ)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/04/07/etrade-capital-management-llc-takes-position-in-cj-energy-services-inc-cj.html.
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.
Receive News & Ratings for C&J Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.