C&J Energy Services, Inc. (NYSE:CJ) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 2,990,018 shares, a growth of 303.2% from the June 15th total of 741,488 shares. Based on an average daily volume of 1,897,320 shares, the days-to-cover ratio is currently 1.6 days. Approximately 4.8% of the company’s stock are short sold.
Shares of C&J Energy Services (NYSE:CJ) opened at 33.61 on Wednesday. C&J Energy Services has a 52 week low of $20.26 and a 52 week high of $46.30. The stock’s market cap is $2.13 billion. The stock’s 50 day moving average price is $32.60 and its 200-day moving average price is $32.23.
A number of equities analysts have commented on the stock. Jefferies Group LLC assumed coverage on shares of C&J Energy Services in a report on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price for the company. Zacks Investment Research upgraded shares of C&J Energy Services from a “sell” rating to a “hold” rating in a report on Monday. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of C&J Energy Services in a report on Wednesday, April 19th. Wells Fargo & Company reiterated an “outperform” rating on shares of C&J Energy Services in a report on Wednesday, May 10th. Finally, Morgan Stanley assumed coverage on shares of C&J Energy Services in a report on Tuesday, May 2nd. They issued an “equal weight” rating and a $44.00 target price for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.27.
Several large investors have recently modified their holdings of CJ. Sprott Inc. acquired a new stake in shares of C&J Energy Services during the second quarter valued at $6,169,000. Ameriprise Financial Inc. acquired a new stake in shares of C&J Energy Services during the first quarter valued at $7,993,000. Finally, Parkwood LLC acquired a new stake in shares of C&J Energy Services during the first quarter valued at $602,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.
C&J Energy Services Company Profile
Seaside Exploration Partners Corp is a Canada-based capital pool company. The Company focuses on the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction may involve the acquisition of a business or assets located outside of Canada.
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