Highland Capital Management LP increased its stake in shares of C&J Energy Services Inc (NYSE:CJ) by 91.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the company’s stock after buying an additional 12,900 shares during the period. Highland Capital Management LP’s holdings in C&J Energy Services were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in C&J Energy Services by 81.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,876 shares of the company’s stock worth $152,000 after acquiring an additional 2,630 shares during the last quarter. Neuburgh Advisers LLC acquired a new position in C&J Energy Services during the second quarter worth about $176,000. NumerixS Investment Technologies Inc acquired a new position in C&J Energy Services during the second quarter worth about $191,000. Riverhead Capital Management LLC acquired a new position in C&J Energy Services during the second quarter worth about $194,000. Finally, Koch Industries Inc. acquired a new position in C&J Energy Services during the first quarter worth about $205,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CJ opened at $20.70 on Thursday. The company has a market capitalization of $1.33 billion, a PE ratio of 13.36 and a beta of 0.66. C&J Energy Services Inc has a 1-year low of $18.86 and a 1-year high of $36.57.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The firm had revenue of $610.52 million during the quarter, compared to analyst estimates of $598.66 million. C&J Energy Services had a net margin of 5.56% and a return on equity of 7.52%. The business’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) EPS. analysts forecast that C&J Energy Services Inc will post 1.11 EPS for the current year.

A number of equities analysts have issued reports on CJ shares. BMO Capital Markets set a $30.00 target price on shares of C&J Energy Services and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Citigroup lifted their target price on shares of C&J Energy Services from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Piper Jaffray Companies set a $34.00 target price on shares of C&J Energy Services and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research cut shares of C&J Energy Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 4th. Finally, ValuEngine upgraded shares of C&J Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.17.

About C&J Energy Services

C&J Energy Services, Inc provides well construction, well completion, well support, and other complementary oilfield services to oil and gas exploration and production companies throughout the continental United States. It operates through Completion Services and Well Support Services segments. The Completion Services segment provides hydraulic fracturing; cased-hole solutions comprising cased-hole wireline, pumpdown, wireline logging, perforating, pressure pumping, well site make-up and pressure testing, and other complementary services; and well construction and intervention services, which include cementing, coiled tubing, and directional drilling services.

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

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