What’s Ahead for C&J Energy Services INC. Common (NYSE:CJ) After Less Shorted Shares?

September 17, 2017 - By Migdalia James

 What’s Ahead for C&J Energy Services  INC. Common (NYSE:CJ) After Less Shorted Shares?

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 3.01 million 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. The stock of C&J Energy Services Inc (NYSE:CJ) earned “Overweight” rating by Piper Jaffray on Wednesday, May 10. Wells Fargo maintained the stock with “Outperform” rating in Thursday, May 11 report. As per Thursday, July 13, the company rating was initiated by Jefferies.

More notable recent C&J Energy Services Inc (NYSE:CJ) news were published by: Prnewswire.com which released: “C&J Energy Services Announces First Quarter 2017 Results” on May 09, 2017, also Prnewswire.com with their article: “C&J Energy Services Announces Timing of Second Quarter 2017 Earnings Release …” published on July 18, 2017, Wsj.com published: “C&J Energy Services Files for Bankruptcy” on July 20, 2016. More interesting news about C&J Energy Services Inc (NYSE:CJ) were released by: Prnewswire.com and their article: “C&J Energy Services Announces Trading On NYSE MKT To Commence On March 6, 2017” published on March 01, 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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