Cipher Capital LP Decreases Position in C&J Energy Services Inc (CJ)

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Cipher Capital LP cut its holdings in shares of C&J Energy Services Inc (NYSE:CJ) by 58.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,277 shares of the company’s stock after selling 14,408 shares during the period. Cipher Capital LP’s holdings in C&J Energy Services were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC acquired a new position in shares of C&J Energy Services in the fourth quarter worth about $15,827,000. Citigroup Inc. increased its stake in shares of C&J Energy Services by 10,086.8% during the fourth quarter. Citigroup Inc. now owns 1,016,842 shares of the company’s stock worth $13,727,000 after purchasing an additional 1,006,860 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of C&J Energy Services during the fourth quarter worth about $9,679,000. Alliancebernstein L.P. increased its stake in shares of C&J Energy Services by 149.2% during the third quarter. Alliancebernstein L.P. now owns 1,045,048 shares of the company’s stock worth $21,737,000 after purchasing an additional 625,678 shares in the last quarter. Finally, Key Group Holdings Cayman LTD. increased its stake in shares of C&J Energy Services by 46.8% during the third quarter. Key Group Holdings Cayman LTD. now owns 1,673,816 shares of the company’s stock worth $34,815,000 after purchasing an additional 533,721 shares in the last quarter.

A number of research firms have recently commented on CJ. Credit Suisse Group set a $15.00 target price on shares of C&J Energy Services and gave the stock a “hold” rating in a research note on Thursday, March 21st. Jefferies Financial Group cut shares of C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. GMP Securities reissued a “buy” rating and set a $4.00 target price on shares of C&J Energy Services in a research note on Sunday, March 3rd. Bank of America reissued a “buy” rating and set a $20.00 target price (down previously from $28.00) on shares of C&J Energy Services in a research note on Monday, December 3rd. Finally, Zacks Investment Research raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.17.

Shares of NYSE CJ opened at $16.05 on Friday. C&J Energy Services Inc has a 12-month low of $12.35 and a 12-month high of $32.08. The stock has a market cap of $1.03 billion, a P/E ratio of 19.31 and a beta of 1.57.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings data on Thursday, February 21st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.01. C&J Energy Services had a negative net margin of 5.85% and a positive return on equity of 4.14%. The company had revenue of $490.60 million during the quarter, compared to analysts’ expectations of $489.07 million. During the same quarter in the prior year, the company earned $0.31 EPS. C&J Energy Services’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts expect that C&J Energy Services Inc will post -0.81 earnings per share for the current year.

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C&J Energy Services Profile

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments.

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

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