C&J Energy Services, Inc. (CJES) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CJES as the stock is now down 31.3% in the past one-month time frame.
Although this slump was obviously disappointing, C&J Energy Services has seen no positive revision but its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CJES. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
CJES currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the Oil & Gas Equipment & Services industry may consider better-ranked stocks like China Oilfield Services Ltd. (CHOLY), Exterran Partners, L.P. (EXLP) and Helix Energy Solutions Group, Inc. (HLX). All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment