C&J Energy Services, Inc. (NYSE:CJ) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 3.21% or 0.36 points down from last closing price of $11.2, reaching $10.84 at last check. Any clue why there is so much of action in the CJ stock? The share price has dropped in 3 of the last 5 days and is down -31.33% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -905,703 shares, and in total 471097 shares valued at $5.107 million were seen changing hands compared with 1.377 million shares valued at $15.42 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the CJ stock is near its bottom.
C&J Energy Services, Inc. (CJ) shares have notched a 3-month decline of about -31.33%, but has still tumbled -17.04% year to date. By comparison, the stock sank -53.85% over the past 12 months, while it slipped -22.44% over the 1 month. The company’s market cap is around $738.53M, with its short interest ratio standing at 3.77%.
In the current trading session for CJ, the stock witnessed two major price actions, it rose to a high of $11.16 and was down as much as $10.73 at one point. The high recorded is very low when compared to their 52-week high which is $10.52. The 52-week high is now at -56.38 distance from current price. Their recent low of $24.85 represents a 3.04% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CJ is $19.36, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of C&J Energy Services, Inc. earned $-2.65 per share in the trailing 12 months and has a P/E ratio of -4.09. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 26.67 and lower compared to the sector’s average of 10.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. CJ also has P/S multiple of 0.33. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 6.21x.
The company recorded an interesting insider purchase transaction by the Insider on Dec 14, 2018. A Securities and Exchanges Commission filings show that Donald Jeffrey Gawick bought a total of 7,030 CJ shares that day for a sum of around $102,638. The filings show that the insider stake has now grown to 185,643 shares, currently worth $2,012,370. C&J Energy Services, Inc. (CJ) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 153,006 shares that were traded over a year. In the past 12 months, insiders have purchased 50,635 shares while the seller parted with 102,371 shares.
CJ‘s last price was down -35.18% as compared to the average trading price of 50 days recorded at $16.72 while enlarging the period to 200 trading days, the average closing price was $13.9. At present, there are 65.94 million in the total number of common shares owned by the public and among those 65.28 million shares have been available to trade. The percentage of shares being held by the company management was 0.7% while institutions stake was 18.67%. The company has generated negative returns on equity over the last 12 months (-13.9%). It managed to keep its gross profit margin at 21.1% over the past 12 months.
When assessing the full upside of the CJ stock, there is another set of technicals that should be looked into and considered. Its -13.14% decline from moving average of $12.48 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of C&J Energy Services, Inc. — 5 analysts rate the stock as a buy with another 0 rating it strong buy. There are 9 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $14.1364 on shares of C&J Energy Services, Inc. (NYSE:CJ), which corresponds to 30.89% upside potential than its current market price of $10.84 and implies potential despite the recent drop in the price. However, their current target price has fallen from $17.3333 a month ago and is down handily from the consensus target of $19.25 a quarter ago.
In the last five years, the EPS of the company has been roughly -29.3%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 13.9%. The revenue of the company has risen at an average annualized rate of about 15.7 over the last five years. The company recently recorded a drop of -7.6%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards CJ stock. FMR LLC trimmed position in the company after it dumped -30% or 617,644 shares of its common stock. The hedge fund now owns 432,351 shares worth $4,686,685, SEC documents show. BlueMountain Capital Management LLC shored up assets in the stock as 40982.37 shares have been purchased, increasing its stake by 115.5% to 88,317 shares which are currently valued at $957,356. In addition, Hotchkis & Wiley Capital Management LLC recently reported that it now owns 5,668,698 shares making a total of $61,448,686 based on the recent price. This refelects a change of -4.3% in their ownership.