SG Americas Securities LLC purchased a new stake in shares of C&J Energy Services Inc (NYSE:CJ) during the 2nd quarter, Holdings Channel reports. The fund purchased 23,671 shares of the company’s stock, valued at approximately $559,000.

A number of other large investors have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in shares of C&J Energy Services by 11.4% in the first quarter. Wells Fargo & Company MN now owns 4,592,985 shares of the company’s stock worth $118,591,000 after buying an additional 471,535 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of C&J Energy Services by 118.5% in the first quarter. Citadel Advisors LLC now owns 2,606,573 shares of the company’s stock worth $67,302,000 after buying an additional 1,413,368 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of C&J Energy Services by 1,427.2% in the first quarter. Millennium Management LLC now owns 1,424,834 shares of the company’s stock worth $36,789,000 after buying an additional 1,331,537 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of C&J Energy Services by 347.5% in the first quarter. Point72 Asset Management L.P. now owns 1,296,590 shares of the company’s stock worth $33,478,000 after buying an additional 1,006,878 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of C&J Energy Services in the first quarter worth $32,303,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on CJ. Citigroup lowered their target price on shares of C&J Energy Services from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 31st. Guggenheim downgraded shares of C&J Energy Services from a “buy” rating to a “neutral” rating in a report on Friday, July 6th. ValuEngine downgraded shares of C&J Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, June 15th. Zacks Investment Research downgraded shares of C&J Energy Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 4th. Finally, Morgan Stanley downgraded shares of C&J Energy Services from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. C&J Energy Services presently has an average rating of “Hold” and a consensus price target of $37.17.

Shares of CJ opened at $21.22 on Friday. C&J Energy Services Inc has a fifty-two week low of $18.86 and a fifty-two week high of $36.57. The firm has a market capitalization of $1.42 billion, a P/E ratio of 14.18 and a beta of 0.66.

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

C&J Energy Services Profile

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.

Recommended Story: Book Value Of Equity Per Share – BVPS Explained

Want to see what other hedge funds are holding CJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C&J Energy Services Inc (NYSE:CJ).

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

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.