Yaupon Capital Management LP Invests $527,000 in C&J Energy Services Inc (NYSE:CJ) Stock

Yaupon Capital Management LP acquired a new position in C&J Energy Services Inc (NYSE:CJ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,000 shares of the company’s stock, valued at approximately $527,000. C&J Energy Services accounts for approximately 0.3% of Yaupon Capital Management LP’s holdings, making the stock its 26th biggest holding. Yaupon Capital Management LP owned about 0.06% of C&J Energy Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in C&J Energy Services by 281.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,129 shares of the company’s stock worth $28,000 after buying an additional 1,571 shares in the last quarter. Covington Capital Management bought a new position in C&J Energy Services in the 4th quarter worth about $86,000. Tower Research Capital LLC TRC grew its position in C&J Energy Services by 14,486.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,543 shares of the company’s stock worth $115,000 after purchasing an additional 5,505 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in shares of C&J Energy Services by 25.5% in the fourth quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock valued at $127,000 after acquiring an additional 1,904 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of C&J Energy Services by 56.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,935 shares of the company’s stock valued at $134,000 after acquiring an additional 3,568 shares in the last quarter.

CJ stock traded down $0.27 during trading on Monday, hitting $15.22. 617,597 shares of the stock traded hands, compared to its average volume of 866,918. C&J Energy Services Inc has a one year low of $12.35 and a one year high of $32.08. The company has a market capitalization of $1.02 billion, a P/E ratio of 18.79 and a beta of 1.54.

C&J Energy Services (NYSE:CJ) last posted its quarterly earnings data on Thursday, February 21st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01. The firm had revenue of $490.60 million during the quarter, compared to analysts’ expectations of $489.07 million. C&J Energy Services had a negative net margin of 5.85% and a positive return on equity of 4.14%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, equities research analysts predict that C&J Energy Services Inc will post -0.91 earnings per share for the current year.

Several equities research analysts recently commented on CJ shares. Piper Jaffray Companies restated a “buy” rating and issued a $23.50 price target on shares of C&J Energy Services in a research report on Thursday, December 27th. GMP Securities restated a “buy” rating and set a $4.00 price target on shares of C&J Energy Services in a research note on Sunday, March 3rd. Jefferies Financial Group set a $18.00 target price on shares of C&J Energy Services and gave the company a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research raised shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, CIBC reaffirmed a “hold” rating and set a $3.25 price objective on shares of C&J Energy Services in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.17.

ILLEGAL ACTIVITY NOTICE: This report was published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/15/yaupon-capital-management-lp-purchases-shares-of-39000-cj-energy-services-inc-cj.html.

C&J Energy Services Company 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.

Recommended Story: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

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.