C&J Energy Services Inc (CJ) Insider Tim Wallace Sells 1,500 Shares

C&J Energy Services Inc (NYSE:CJ) insider Tim Wallace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $25.15, for a total value of $37,725.00. Following the completion of the transaction, the insider now directly owns 23,360 shares in the company, valued at $587,504. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of CJ traded down $0.33 during mid-day trading on Thursday, hitting $24.22. 5,156 shares of the stock were exchanged, compared to its average volume of 1,081,920. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -174.64 and a beta of 0.90. C&J Energy Services Inc has a 52-week low of $22.99 and a 52-week high of $36.57.

C&J Energy Services (NYSE:CJ) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $538.14 million. The firm’s revenue for the quarter was up 76.0% on a year-over-year basis. analysts expect that C&J Energy Services Inc will post 3.03 earnings per share for the current year.

A number of research analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a $36.00 price target on shares of C&J Energy Services in a report on Friday, February 23rd. ValuEngine raised C&J Energy Services from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. BMO Capital Markets set a $34.00 price target on C&J Energy Services and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Seaport Global Securities assumed coverage on C&J Energy Services in a report on Friday, May 25th. They issued a “buy” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.75.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kennedy Capital Management Inc. increased its position in shares of C&J Energy Services by 92.2% during the 4th quarter. Kennedy Capital Management Inc. now owns 699,282 shares of the company’s stock valued at $23,405,000 after purchasing an additional 335,410 shares during the last quarter. BlackRock Inc. increased its position in shares of C&J Energy Services by 13.5% during the 4th quarter. BlackRock Inc. now owns 4,500,188 shares of the company’s stock valued at $150,624,000 after purchasing an additional 535,243 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of C&J Energy Services by 27.2% during the 4th quarter. Bank of New York Mellon Corp now owns 265,200 shares of the company’s stock valued at $8,877,000 after purchasing an additional 56,749 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of C&J Energy Services during the 1st quarter valued at approximately $32,303,000. Finally, Encompass Capital Advisors LLC bought a new position in shares of C&J Energy Services during the 4th quarter valued at approximately $13,388,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

C&J Energy Services Company 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.

Insider Buying and Selling by Quarter for C&J Energy Services (NYSE:CJ)

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