NumerixS Investment Technologies Inc Takes $134,000 Position in C&J Energy Services Inc (NYSE:CJ)

NumerixS Investment Technologies Inc bought a new position in C&J Energy Services Inc (NYSE:CJ) in the first quarter, HoldingsChannel.com reports. The firm bought 8,400 shares of the company’s stock, valued at approximately $134,000.

Other large investors have also recently added to or reduced their stakes in the company. THB Asset Management purchased a new position in shares of C&J Energy Services in the first quarter worth about $313,000. Swiss National Bank increased its holdings in shares of C&J Energy Services by 1.6% in the first quarter. Swiss National Bank now owns 110,500 shares of the company’s stock worth $1,715,000 after buying an additional 1,700 shares during the period. Dimensional Fund Advisors LP increased its holdings in C&J Energy Services by 141.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,734,420 shares of the company’s stock valued at $26,919,000 after purchasing an additional 1,017,473 shares during the period. Wells Fargo & Company MN increased its holdings in C&J Energy Services by 1.1% during the 1st quarter. Wells Fargo & Company MN now owns 940,426 shares of the company’s stock valued at $14,596,000 after purchasing an additional 10,515 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in C&J Energy Services by 60.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,939 shares of the company’s stock valued at $248,000 after purchasing an additional 6,004 shares during the period.

Shares of CJ stock opened at $11.20 on Friday. C&J Energy Services Inc has a 52-week low of $10.52 and a 52-week high of $24.85. The company has a quick ratio of 1.88, a current ratio of 2.13 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $701.54 million, a price-to-earnings ratio of 13.83 and a beta of 1.47.

C&J Energy Services (NYSE:CJ) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.14. C&J Energy Services had a positive return on equity of 0.64% and a negative net margin of 7.99%. The business had revenue of $510.80 million during the quarter, compared to analyst estimates of $477.56 million. During the same quarter in the prior year, the business posted $0.41 EPS. C&J Energy Services’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts expect that C&J Energy Services Inc will post -0.52 EPS for the current year.

A number of research analysts have weighed in on the company. Morgan Stanley set a $20.00 target price on C&J Energy Services and gave the stock a “hold” rating in a report on Monday, May 13th. Citigroup raised C&J Energy Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $20.00 in a research report on Monday, May 13th. Credit Suisse Group set a $15.00 price objective on C&J Energy Services and gave the company a “hold” rating in a research report on Thursday, March 21st. GMP Securities reissued a “buy” rating and set a $4.00 price target on shares of C&J Energy Services in a report on Sunday, March 3rd. Finally, Jefferies Financial Group set a $18.00 price target on C&J Energy Services and gave the company a “hold” rating in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. C&J Energy Services has a consensus rating of “Hold” and a consensus price target of $14.14.

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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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