C&J Energy Services (CJ) Earning Somewhat Favorable News Coverage, Analysis Finds
Media headlines about C&J Energy Services (NYSE:CJ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. C&J Energy Services earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3457744513821 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- C&J Energy Services, Inc. (CJ) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- C&J Energy Services, Inc. – Value Analysis (NYSE:CJ) : November 1, 2017 (finance.yahoo.com)
- C&J Energy Services, Inc. breached its 50 day moving average in a Bullish Manner : CJ-US : October 31, 2017 (finance.yahoo.com)
- C&J Energy Services to sell Canadian rig services business (ogfj.com)
- C&J Energy Services to Divest Canadian Rig Services Business (finance.yahoo.com)
C&J Energy Services (CJ) traded up $0.36 during trading on Friday, hitting $28.28. 455,461 shares of the stock were exchanged, compared to its average volume of 509,910. C&J Energy Services has a one year low of $24.30 and a one year high of $46.30.
Several research analysts have weighed in on CJ shares. Jefferies Group LLC reissued a “buy” rating and set a $36.00 price objective on shares of C&J Energy Services in a report on Friday, October 6th. Deutsche Bank AG reissued a “buy” rating and set a $39.00 price objective on shares of C&J Energy Services in a report on Tuesday, October 10th. Guggenheim started coverage on shares of C&J Energy Services in a report on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research raised shares of C&J Energy Services from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, October 10th. Finally, Scotiabank reissued a “hold” rating on shares of C&J Energy Services in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $39.25.
In related news, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $28.80, for a total value of $720,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 229,809 shares of company stock valued at $6,724,452 in the last 90 days.
About C&J Energy Services
C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.
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