ETRADE Capital Management LLC Takes $246,000 Position in C&J Energy Services Inc (CJ)

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.

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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.

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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.

Institutional Ownership by Quarter for C&J Energy Services (NYSE:CJ)

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