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

CJ has been the subject of a number of research analyst reports. Zacks Investment Research upgraded C&J Energy Services from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, May 23rd. Jefferies Group LLC initiated coverage on C&J Energy Services in a research report on Thursday, July 13th. They issued a “buy” rating and a $43.00 target price for the company. Citigroup Inc. initiated coverage on C&J Energy Services in a research report on Tuesday, May 16th. They issued a “buy” rating and a $40.00 target price for the company. Guggenheim initiated coverage on C&J Energy Services in a research report on Thursday. They issued a “buy” rating for the company. Finally, Morgan Stanley restated an “equal weight” rating and issued a $38.00 target price (down from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. C&J Energy Services presently has an average rating of “Buy” and an average target price of $40.45.

The firm has a 50 day moving average price of $28.64 and a 200-day moving average price of $31.26. The stock has a market capitalization of $1.74 billion and a PE ratio of 84.88.

Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of C&J Energy Services in the second quarter valued at approximately $140,000. Quantbot Technologies LP acquired a new stake in shares of C&J Energy Services in the second quarter valued at approximately $144,000. SG Americas Securities LLC acquired a new stake in shares of C&J Energy Services in the second quarter valued at approximately $152,000. US Bancorp DE acquired a new stake in shares of C&J Energy Services in the second quarter valued at approximately $168,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of C&J Energy Services in the second quarter valued at approximately $199,000.

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About C&J Energy Services

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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