Could C&J Energy Services INC. Common (NYSE:CJ) See a Reversal After Less Sellers Came In?

September 17, 2017 - By test

 Could C&J Energy Services  INC. Common (NYSE:CJ) See a Reversal After Less Sellers Came In?

The stock of C&J Energy Services INC. Common (NYSE:CJ) registered a decrease of 7.5% in short interest. CJ’s total short interest was 3.01M shares in September as published by FINRA. Its down 7.5% from 3.25 million shares, reported previously. With 422,800 shares average volume, it will take short sellers 7 days to cover their CJ’s short positions.

The stock increased 0.49% or $0.14 on September 15, reaching $28.55. About 1.48 million shares traded or 144.58% up from the average. C&J Energy Services Inc (NYSE:CJ) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

C&J Energy Services, Inc. is a completion and production services company, which provides well construction, well completions and well services to the gas and oil industry. The company has market cap of $1.81 billion. The Firm operates through three divisions: Completion Services, Well Support Services and Other Services. It has a 10.6 P/E ratio. The Firm also makes, repairs and refurbishes equipment used in the oilfield services industry.

C&J Energy Services Inc (NYSE:CJ) Ratings Coverage

Among 3 analysts covering C&J Energy Services (NYSE:CJ), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. C&J Energy Services had 3 analyst reports since May 10, 2017 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, May 11 by Wells Fargo. The stock of C&J Energy Services Inc (NYSE:CJ) earned “Overweight” rating by Piper Jaffray on Wednesday, May 10. Jefferies initiated the shares of CJ in report on Thursday, July 13 with “Buy” rating.

More notable recent C&J Energy Services Inc (NYSE:CJ) news were published by: Wsj.com which released: “C&J Energy Services Files for Bankruptcy” on July 20, 2016, also Prnewswire.com with their article: “C&J Energy Services Announces Second Quarter 2017 Results” published on August 08, 2017, Prnewswire.com published: “C&J Energy Services Announces Trading On NYSE MKT To Commence On March 6, 2017” on March 01, 2017. More interesting news about C&J Energy Services Inc (NYSE:CJ) were released by: Bizjournals.com and their article: “Energy services co. emerges from bankruptcy, eliminates $1.4B in debt” published on January 06, 2017 as well as Prnewswire.com‘s news article titled: “C&J Energy Services Announces Pricing of Public Offering of Common Stock” with publication date: April 07, 2017.

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