Two Sigma Investments LP Buys New Stake in C&J Energy Services Inc (NYSE:CJ)

Two Sigma Investments LP bought a new position in shares of C&J Energy Services Inc (NYSE:CJ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 204,188 shares of the company’s stock, valued at approximately $2,757,000. Two Sigma Investments LP owned 0.30% of C&J Energy Services at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in C&J Energy Services by 281.5% during the 4th quarter. Meeder Asset Management Inc. now owns 2,129 shares of the company’s stock worth $28,000 after acquiring an additional 1,571 shares during the period. Tower Research Capital LLC TRC increased its stake in C&J Energy Services by 14,486.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,543 shares of the company’s stock worth $115,000 after acquiring an additional 5,505 shares during the period. Neuburgh Advisers LLC increased its stake in C&J Energy Services by 25.5% during the 4th quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock worth $127,000 after acquiring an additional 1,904 shares during the period. PNC Financial Services Group Inc. increased its stake in C&J Energy Services by 56.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,935 shares of the company’s stock worth $134,000 after acquiring an additional 3,568 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in C&J Energy Services by 43.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,930 shares of the company’s stock worth $188,000 after acquiring an additional 4,190 shares during the period.

Shares of NYSE CJ traded down $0.11 during mid-day trading on Friday, hitting $15.33. 480,449 shares of the stock traded hands, compared to its average volume of 827,765. C&J Energy Services Inc has a twelve month low of $12.35 and a twelve month high of $32.08. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 18.93 and a beta of 1.54.

C&J Energy Services (NYSE:CJ) last released its quarterly earnings data on Thursday, February 21st. The company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.01. C&J Energy Services had a positive return on equity of 4.14% and a negative net margin of 5.85%. The company had revenue of $490.60 million for the quarter, compared to the consensus estimate of $489.07 million. During the same quarter last year, the business posted $0.31 EPS. C&J Energy Services’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts anticipate that C&J Energy Services Inc will post -0.93 EPS for the current year.

A number of brokerages have weighed in on CJ. Zacks Investment Research raised C&J Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Credit Suisse Group set a $15.00 target price on C&J Energy Services and gave the company a “hold” rating in a report on Thursday, March 21st. GMP Securities reaffirmed a “buy” rating and issued a $4.00 target price on shares of C&J Energy Services in a report on Sunday, March 3rd. CIBC reaffirmed a “hold” rating and issued a $3.25 target price on shares of C&J Energy Services in a report on Friday, February 1st. Finally, Jefferies Financial Group set a $18.00 target price on C&J Energy Services and gave the company a “hold” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.17.

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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.

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

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