The shares of TerraForm Power, Inc. (NASDAQ:TERP) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on January 7th, 2019. The research company has also assigned a $11 price target. Citigroup wasn’t the only research firm that published a report of TerraForm Power, Inc., with other equities research analysts also giving their opinion on the stock. Deutsche Bank advised investors in its research note published on September 28th, 2018, to Hold the TERP stock while also putting a $12 price target. The stock had earned Neutral rating from Goldman when it published its report on September 12th, 2018. The stock was given Outperform rating by Oppenheimer in its report released on August 15th, 2018. JP Morgan was of a view that TERP is Overweight in its latest report on May 3rd, 2018. RBC Capital Mkts thinks that TERP is worth Outperform rating. This was contained in the firm’s report on April 4th, 2018 in which the stock’s price target was also moved to $13.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $13.00. The price of the stock the last time has raised by 17.47% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.20.
The shares of the company added by 0.17% during the trading session on Friday, reaching a low of $11.49 while ending the day at $11.63. During the trading session, a total of 2.2 million shares were traded which represents a -362307.03% decline from the average session volume which is 607.97K shares. TERP had ended its last session trading at 11.61. TerraForm Power, Inc. currently has a market cap of $2.43B while its P/E earnings growth sits at 3.52, with a beta of 0.81. TerraForm Power, Inc. debt-to-equity ratio currently stands at 2.79, while its quick ratio hovers at 0.90. TERP 52-week low price stands at $9.90 while its 52-week high price is $12.14.
The TerraForm Power, Inc. generated $246.04 million in revenue during the last quarter, which is slightly lower than the $246.77 million predicted by analysts. In the second quarter last year, the firm recorded -$0.13 earnings per share. TerraForm Power, Inc. has the potential to record -1.36 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Clarksons Platou published a research note on November 8th, 2018 where it informed investors and clients that Diamond Offshore Drilling, Inc. (NYSE:DO) is now rated as Buy. Deutsche Bank also rated DO as Resumed on September 28th, 2018, with its price target of suggesting that DO could surge by 18.31% from its current share price. Even though the stock has been trading at $11.60/share, analysts expect it to surge higher by -1.55% to reach $13.98/share. It started the day trading at $11.445 and traded between $10.93 and $11.42 throughout the trading session.
A look at its technical shows that DO’s 50-day SMA is 11.95 while its 200-day SMA stands at 16.80. The company’s average trading volume currently stands at 2.51M shares, which means that the short-interest ratio is just 7.61 days. Over the past seven days, the company moved, with its shift of 5.74%. Looking further, the stock has dropped -40.74% over the past 90 days while it lost -42.81% over the last six months.
BlackRock Fund Advisors meanwhile bought more DO shares in the recently filed quarter, changing its stake to $72,414,400 worth of shares. Fidelity Management Research Co followed the path by increasing its DO portfolio by +32.66% in the quarter. This means that Fidelity Management Research Co bought 1,680,346 shares in the last quarter and now controls 6,825,075 shares of the DO stock, with the valuation hitting $64,428,708.
Similarly, Contrarius Investment Management decreased its Diamond Offshore Drilling, Inc. shares by -36.77% during the recently filed quarter. After selling -3,044,593 shares in the last quarter, the firm now controls 5,234,385 shares of Diamond Offshore Drilling, Inc. which are valued at $49,412,594. In the same vein, Manning Napier Advisors LLC decreased its Diamond Offshore Drilling, Inc. shares by during the most recent reported quarter. The firm sold -74,346 shares during the quarter which decreased its stakes to 3,024,055 shares and is now valued at $28,547,079. Following these latest developments, around 0.07% of Diamond Offshore Drilling, Inc. stocks are owned by institutional investors and hedge funds.