C&J Energy Services Ltd. (NYSE:CJES) has tumbled 31.24% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 101.92% in the last four weeks. The stocks have underperformed the S&P 500 by 30.41% during the past week but C&J Energy Services Ltd. (NYSE:CJES) it has outperformed the index in 4 weeks by 100.08%.
C&J Energy Services Ltd. (NYSE:CJES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.66 and $0.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.65, notching a gain of 5.02% for the day. The total traded volume was 3,608,222 . The stock had closed at $0.62 on the previous day.
The company shares have dropped -95.17% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $13.93 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $0.71 and the 200 Day Moving Average price is recorded at $2.11.
On the companys insider trading activities, Gawick Donald Jeffrey, COO of C&J Energy Services Ltd., executed a transaction worth $49,500 on November 12, 2015. A total of 11,000 shares were purchased at an average price of $4.5. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on C&J Energy Services Ltd. (NYSE:CJES).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $2 per share to $0.6 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 2% of C&J Energy Services Ltd. shares according to the proxy statements. Institutional Investors own 36.52% of C&J Energy Services Ltd. shares.