1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
James Li
James Li
Articles (684)  | Author's Website |

Steven Cohen Powers Into C&J Energy Services

Guru boosts position 170%

July 11, 2018 | About:

Point72 fund manager Steven Cohen (Trades, Portfolio) disclosed on Monday that he increased his C&J Energy Services (NYSE:CJ) holding by 170%.

According to GuruFocus real-time picks, Cohen invested in 2,205,212 shares for $23.36 per share, expanding the position to 3,501,802 shares. The manager increased his portfolio 0.21% with the transaction.


Company background

C&J Energy Services provides a wide variety of services to the oil and gas industry, including hydraulic fracturing, wireline logging, pressure pumping and pressure testing.

The Houston-based company listed three reportable segments in its March quarterly report: Completion Services, Well Construction and Intervention Services and Well Support Services. Completion Services revenues, which increased 9% from fourth-quarter 2017, represent approximately 67.7% of total revenues for the first quarter.


GuruFocus ranks the company’s financial strength 9 out of 10, driven by a strong Altman Z-score of 5.08 and good interest coverage of 6.01. Even though the company’s revenue and gross margins have declined over the past three years, C&J still has five positive investing signs, including a price-book ratio near a two-year low, a price-sales ratio near a two-year low and a strong Piotroski F-score of 7.

See also

Cohen dedicated 10.9% of his portfolio to the energy sector. The manager made several real-time trades in June, including a new position in Catalyst Biosciences Inc. (NASDAQ:CBIO) and position boosts in PagSeguro Digital Ltd. (NYSE:PAGS) and ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD).




Disclosure: No positions.

About the author:

James Li
I am an editorial assistant and researcher at GuruFocus. I have a Master's in Finance from SMU, and I enjoy writing reports on financial trends and investor portfolios. Follow me on Twitter at @JamesLiGuru!

Visit James Li's Website

Rating: 0.0/5 (0 votes)


Minnatay premium member - 7 months ago

Cohen Sold all his C&J shares based on Gurufocus record. Which information is correct?

Please leave your comment:

Performances of the stocks mentioned by James Li

User Generated Screeners

DBrizanall 2019Feb15
ppapachristidisDividend NCAV
pbarker46Owner earnings
Nightdoc22-19 nanocap
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat