C&J Energy Services, Inc. (NYSE:CJ)’s share price traded up 5.4% during mid-day trading on Tuesday . The company traded as high as $27.60 and last traded at $26.76. 738,860 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 897,008 shares. The stock had previously closed at $25.40.

A number of equities analysts recently issued reports on the company. Citigroup Inc. restated a “buy” rating and issued a $36.00 target price (down previously from $39.00) on shares of C&J Energy Services in a research note on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price (down previously from $43.00) on shares of C&J Energy Services in a research note on Thursday, August 10th. Zacks Investment Research upgraded C&J Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $38.00 target price (down previously from $44.00) on shares of C&J Energy Services in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.45.

The stock has a market capitalization of $1.69 billion and a P/E ratio of 82.59. The stock has a 50-day moving average price of $29.02 and a 200 day moving average price of $31.34.

Several large investors have recently made changes to their positions in CJ. Vanguard Group Inc. purchased a new stake in shares of C&J Energy Services in the second quarter valued at about $155,777,000. BlackRock Inc. raised its holdings in shares of C&J Energy Services by 43,395.0% in the second quarter. BlackRock Inc. now owns 3,454,373 shares of the company’s stock valued at $118,380,000 after buying an additional 3,446,431 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of C&J Energy Services by 42,247.4% in the second quarter. Wells Fargo & Company MN now owns 2,146,165 shares of the company’s stock valued at $73,549,000 after buying an additional 2,141,097 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of C&J Energy Services by 434.1% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,532,290 shares of the company’s stock valued at $86,782,000 after buying an additional 2,058,190 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of C&J Energy Services by 295.0% in the second quarter. Citadel Advisors LLC now owns 1,789,008 shares of the company’s stock valued at $61,309,000 after buying an additional 1,336,039 shares during the last quarter.

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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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