Somewhat Favorable News Coverage Somewhat Unlikely to Affect C&J Energy Services (CJ) Share Price
News stories about C&J Energy Services (NYSE:CJ) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. C&J Energy Services earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8163257288245 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Insider Selling: C&J Energy Services, Inc. (CJ) Major Shareholder Sells 29,809 Shares of Stock (americanbankingnews.com)
- Alternative Asset Manage Solus Sells 175,000 Shares of C&J Energy Services, Inc. (CJ) Stock (americanbankingnews.com)
- C&J Energy Services, Inc. breached its 50 day moving average in a Bullish Manner : CJ-US : September 20, 2017 (finance.yahoo.com)
- Kansas City Chiefs: Running back C.J. Spiller cut again (upi.com)
Shares of C&J Energy Services (NYSE CJ) traded down 0.13% on Friday, reaching $29.75. The company’s stock had a trading volume of 355,016 shares. The stock has a market capitalization of $1.88 billion and a price-to-earnings ratio of 91.82. The stock has a 50-day moving average of $27.53 and a 200 day moving average of $31.01. C&J Energy Services has a 52 week low of $24.30 and a 52 week high of $46.30.
A number of research analysts recently issued reports on the company. Citigroup Inc. restated a “buy” rating and set a $36.00 price objective (down previously from $39.00) on shares of C&J Energy Services in a research report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective (down previously from $43.00) on shares of C&J Energy Services in a research report on Thursday, August 10th. Guggenheim assumed coverage on C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research lowered C&J Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley restated an “equal weight” rating and set a $38.00 price objective (down previously from $44.00) on shares of C&J Energy Services in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.17.
In related news, major shareholder Alternative Asset Manage Solus sold 29,809 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $29.83, for a total transaction of $889,202.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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