Goldman Sachs Group Inc. Has $40.94 Million Stake in C&J Energy Services, Inc. (CJ)

Goldman Sachs Group Inc. raised its holdings in shares of C&J Energy Services, Inc. (NYSE:CJ) by 49.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,194,508 shares of the company’s stock after acquiring an additional 395,279 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.89% of C&J Energy Services worth $40,936,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $144,000. SG Americas Securities LLC acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $152,000. US Bancorp DE acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $168,000. BNP Paribas Arbitrage SA acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $199,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $206,000.

In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of C&J Energy Services stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $29.23, for a total value of $5,115,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of C&J Energy Services, Inc. (NYSE CJ) opened at 28.73 on Monday. The firm’s 50-day moving average price is $27.82 and its 200 day moving average price is $30.89. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30. The stock has a market capitalization of $1.82 billion and a P/E ratio of 88.67.

A number of analysts recently issued reports on CJ shares. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 target price (down from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Jefferies Group LLC started coverage on C&J Energy Services in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price for the company. Citigroup Inc. reissued a “buy” rating and issued a $36.00 target price (down from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Finally, Guggenheim started coverage on C&J Energy Services in a research report on Thursday, September 7th. They issued a “buy” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.27.

ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Group Inc. Has $40.94 Million Stake in C&J Energy Services, Inc. (CJ)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/goldman-sachs-group-inc-has-40-94-million-stake-in-cj-energy-services-inc-cj.html.

C&J Energy Services Company Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The C

Several other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $144,000. SG Americas Securities LLC acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $152,000. US Bancorp DE acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $168,000. BNP Paribas Arbitrage SA acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $199,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of C&J Energy Services in the 2nd quarter valued at about $206,000.

In other C&J Energy Services news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of C&J Energy Services stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $29.23, for a total value of $5,115,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of C&J Energy Services, Inc. (NYSE CJ) opened at 28.73 on Monday. The firm’s 50-day moving average price is $27.82 and its 200 day moving average price is $30.89. C&J Energy Services, Inc. has a 1-year low of $24.30 and a 1-year high of $46.30. The stock has a market capitalization of $1.82 billion and a P/E ratio of 88.67.

A number of analysts recently issued reports on CJ shares. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 target price (down from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Zacks Investment Research cut C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Jefferies Group LLC started coverage on C&J Energy Services in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price for the company. Citigroup Inc. reissued a “buy” rating and issued a $36.00 target price (down from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Finally, Guggenheim started coverage on C&J Energy Services in a research report on Thursday, September 7th. They issued a “buy” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.27.

ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Group Inc. Has $40.94 Million Stake in C&J Energy Services, Inc. (CJ)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/goldman-sachs-group-inc-has-40-94-million-stake-in-cj-energy-services-inc-cj.html.

C&J Energy Services Company Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

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

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