A Reversal for C&J Energy Services INC. Common (NYSE:CJ) Is Near. The Stock Has Decrease in Shorts

September 17, 2017 - By Michael Collier

 A Reversal for C&J Energy Services  INC. Common (NYSE:CJ) Is Near. The Stock Has Decrease in Shorts

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 3.25M 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. On Thursday, May 11 the stock rating was maintained by Wells Fargo with “Outperform”. The rating was initiated by Jefferies with “Buy” on Thursday, July 13. The company was upgraded on Wednesday, May 10 by Piper Jaffray.

More notable recent C&J Energy Services Inc (NYSE:CJ) news were published by: Seekingalpha.com which released: “C&J Energy Services (CJ) Don Gawick on Q1 2017 Results – Earnings Call Transcript” on May 09, 2017, also Wsj.com with their article: “C&J Energy Services Files for Bankruptcy” published on July 20, 2016, Prnewswire.com published: “C&J Energy Services Announces Pricing of Public Offering of Common Stock” on April 07, 2017. More interesting news about C&J Energy Services Inc (NYSE:CJ) were released by: Prnewswire.com and their article: “C&J Energy Services Announces First Quarter 2017 Results” published on May 09, 2017 as well as Prnewswire.com‘s news article titled: “C&J Energy Services Announces Second Quarter 2017 Results” with publication date: August 08, 2017.

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