What the heck is keeping C&J Energy from rallying?
I alerted members on the Fool.com in early Dec. about CJES undervalued shares, and since then they have remained at $21/shr. This is shocking to me because since then EPS estimates have been going up on CJES & Oil also has gone up a pretty good amount in the same time period, while the shares have remained flat. CJES forward pe has gotten even lower because its shares have remained flat for a whole month, CJES Forward P/E (1 yr): 4.94
My feeling is this could be consolidation or funds buying only enough shares to not cause shares to run away from them. Since they know CJES is gonna earn some pretty impressive EPS in the current qtr, it would make sense to buy as much as you can at these low prices and wait till earnings bump up the share prices.
Keep this stock on your watch list, it could turn into a big gainer at some point.