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C&J Energy Services (CJ) Catches Eye: Stock Jumps 7%

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Surging Earnings Estimates Signal Upside for Ranger Energy Services, Inc. (RNGR) Stock

Ranger Energy Services, Inc. (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

C&J Energy Services, Inc. CJ was a big mover last session, as the company saw its shares rise almost 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $23.97-$26.73 in the past one-month time frame, showed a sharp increase Friday.

The company has seen one positive estimate revision in the past one month, while its Zacks Consensus Estimate has also moved higher over the said time period, suggesting that more solid trading could be ahead for C&J Energy Services. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

C&J Energy Services currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

C&J Energy Services, Inc. Price

C&J Energy Services, Inc. Price | C&J Energy Services, Inc. Quote

A better-ranked stock in the Oil and Gas - Field Services industry is Flotek Industries, Inc. FTK, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CJ going up? Or down? Predict to see what others think: Up or Down

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