The shares of STMicroelectronics N.V. (NYSE:STM) has been pegged with a rating of Outperform by Cowen in its latest research note that was published on February 22nd, 2019. The research company has also assigned a $21 price target. Cowen wasn’t the only research firm that published a report of STMicroelectronics N.V., with other equities research analysts also giving their opinion on the stock. UBS advised investors in its research note published on October 29th, 2018, to Neutral the STM stock. The stock had earned Underperform rating from Robert W. Baird when it published its report on October 25th, 2018. The stock was given Buy rating by Craig Hallum in its report released on October 24th, 2018, the day when the price target on the stock was placed at $20. Deutsche Bank was of a view that STM is Buy in its latest report on September 26th, 2018. BofA/Merrill thinks that STM is worth Neutral rating. This was contained in the firm’s report on September 13th, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $17.73. The price of the stock the last time has raised by 53.08% 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 66.15.
The shares of the company added by 2.74% during the trading session on Tuesday, reaching a low of $18.10 while ending the day at $18.37. During the trading session, a total of 3.3 million shares were traded which represents a -9.18% decline from the average session volume which is 3.02M shares. STM had ended its last session trading at 17.88. STMicroelectronics N.V. currently has a market cap of $16.37B, while its P/E ratio stands at 13.15, while its P/E earnings growth sits at 1.69, with a beta of 1.11. STMicroelectronics N.V. debt-to-equity ratio currently stands at 0.30, while its quick ratio hovers at 2.00. STM 52-week low price stands at $12.00 while its 52-week high price is $26.43.
The company in its last quarterly report recorded $0.46 earnings per share which is above the $0.41 predicted by most analysts. The STMicroelectronics N.V. generated $2,648.00 million in revenue during the last quarter, which is slightly higher than the $2,596.72 million predicted by analysts. In the second quarter last year, the firm recorded $0.41 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 10.87%. STMicroelectronics N.V. has the potential to record 1.40 EPS for the current fiscal year, according to equities analysts.
Investment analysts at MKM Partners published a research note on April 16th, 2019 where it informed investors and clients that EOG Resources, Inc. (NYSE:EOG) is now rated as Neutral. Their price target on the stock stands at $109. UBS also rated EOG as Upgrade on October 29th, 2018, with its price target of $3 suggesting that EOG could surge by 13.93% from its current share price. Even though the stock has been trading at $102.12/share, analysts expect it to surge higher by 0.23% to reach $118.92/share. It started the day trading at $102.82 and traded between $100.98 and $102.35 throughout the trading session.
A look at its technical shows that EOG’s 50-day SMA is 95.16 while its 200-day SMA stands at 107.64. The stock has a high of $133.53 for the year while the low is $82.04. The company’s P/E ratio currently sits at 17.65, while the P/B ratio is 3.05. At the moment, only of EOG Resources, Inc. shares were sold short. The company’s average trading volume currently stands at 4.16M shares, which means that the short-interest ratio is just 3.20 days. Over the past seven days, the company moved, with its shift of 3.83%. Looking further, the stock has raised 3.81% over the past 90 days while it lost -16.23% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co bought more EOG shares, increasing its portfolio by +4.69% during the last quarter. This move now sees Capital Research Management Co purchasing 2,047,326 shares in the last quarter, thus it now holds 45,736,385 shares of EOG, with a total valuation of $4,353,189,124. The Vanguard Group Inc meanwhile bought more EOG shares in the recently filed quarter, changing its stake to $4,181,423,108 worth of shares. Capital Research Management Co followed the path by increasing its EOG portfolio by +6.51% in the quarter. This means that Capital Research Management Co bought 1,911,924 shares in the last quarter and now controls 31,261,861 shares of the EOG stock, with the valuation hitting $2,975,503,930.
Similarly, SSgA Funds Management Inc decreased its EOG Resources, Inc. shares by -1.10% during the recently filed quarter. After selling -299,715 shares in the last quarter, the firm now controls 26,947,653 shares of EOG Resources, Inc. which are valued at $2,564,877,613. In the same vein, BlackRock Fund Advisors increased its EOG Resources, Inc. shares by during the most recent reported quarter. The firm bought 561,247 shares during the quarter which increased its stakes to 24,649,792 shares and is now valued at $2,346,167,203. Following these latest developments, around 0.40% of EOG Resources, Inc. stocks are owned by institutional investors and hedge funds.