The shares of Diamondback Energy, Inc. (NASDAQ:FANG) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on April 16th, 2019. The research company has also assigned a $165 price target. BofA/Merrill wasn’t the only research firm that published a report of Diamondback Energy, Inc., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on March 11th, 2019, to Overweight the FANG stock while also putting a $148 price target. The stock had earned Buy rating from Mizuho when it published its report on January 30th, 2019. That day the Mizuho set price target on the stock to $137. The stock was given Overweight rating by Barclays in its report released on January 16th, 2019, the day when the price target on the stock was placed at $189. Imperial Capital was of a view that FANG is Outperform in its latest report on December 20th, 2018 while giving it a price target of $140. KeyBanc Capital Mkts thinks that FANG is worth Overweight rating. This was contained in the firm’s report on December 20th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 16 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $154.19. The price of the stock the last time has raised by 17.10% 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 46.03.
The shares of the company added by 2.21% during the trading session on Tuesday, reaching a low of $98.03 while ending the day at $99.76. During the trading session, a total of 1.51 million shares were traded which represents a 18.05% incline from the average session volume which is 1.84M shares. FANG had ended its last session trading at 97.60. Diamondback Energy, Inc. currently has a market cap of $16.52B, while its P/E ratio stands at 15.70, while its P/E earnings growth sits at 6.45, with a beta of 0.79. Diamondback Energy, Inc. debt-to-equity ratio currently stands at 0.34, while its quick ratio hovers at 0.60. FANG 52-week low price stands at $85.19 while its 52-week high price is $140.78.
The company in its last quarterly report recorded $1.39 earnings per share which is above the $1.38 predicted by most analysts. The Diamondback Energy, Inc. generated $864.00 million in revenue during the last quarter, which is slightly lower than the $913.58 million predicted by analysts. In the second quarter last year, the firm recorded $1.21 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 12.95%. Diamondback Energy, Inc. has the potential to record 6.36 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Cowen published a research note on May 14th, 2019 where it informed investors and clients that ASE Technology Holding Co., Ltd. (NYSE:ASX) is now rated as Market Perform. Their price target on the stock stands at $30. JP Morgan also rated ASX as Resumed on March 11th, 2019, with its price target of suggesting that ASX could surge by 18.71% from its current share price. Even though the stock has been trading at $3.71/share, analysts expect it to surge higher by 1.89% to reach $4.65/share. It started the day trading at $3.80 and traded between $3.75 and $3.78 throughout the trading session.
A look at its technical shows that ASX’s 50-day SMA is 4.27 while its 200-day SMA stands at 4.12. The stock has a high of $5.02 for the year while the low is $3.46. The company’s P/E ratio currently sits at 9.97, while the P/B ratio is 1.21. At the moment, only of ASE Technology Holding Co., Ltd. shares were sold short. The company’s average trading volume currently stands at 659.36K shares, which means that the short-interest ratio is just 1.83 days. Over the past seven days, the company moved, with its shift of 2.72%. Looking further, the stock has dropped -5.26% over the past 90 days while it gained 0.53% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fisher Asset Management LLC sold more ASX shares, decreasing its portfolio by -3.13% during the last quarter. This move now sees Fisher Asset Management LLC selling -1,204,025 shares in the last quarter, thus it now holds 37,254,957 shares of ASX, with a total valuation of $137,098,242. Schafer Cullen Capital Management meanwhile sold more ASX shares in the recently filed quarter, changing its stake to $39,705,507 worth of shares. EARNEST Partners LLC followed the path by decreasing its ASX portfolio by -1.03% in the quarter. This means that EARNEST Partners LLC sold -83,187 shares in the last quarter and now controls 8,006,627 shares of the ASX stock, with the valuation hitting $29,464,387.
Similarly, Schroder Investment Management No decreased its ASE Technology Holding Co., Ltd. shares by 0.00% during the recently filed quarter. After selling 0 shares in the last quarter, the firm now controls 5,578,998 shares of ASE Technology Holding Co., Ltd. which are valued at $20,530,713. In the same vein, Schroder Investment Management Lt decreased its ASE Technology Holding Co., Ltd. shares by during the most recent reported quarter. The firm sold 0 shares during the quarter which decreased its stakes to 4,829,746 shares and is now valued at $17,773,465. Following these latest developments, around of ASE Technology Holding Co., Ltd. stocks are owned by institutional investors and hedge funds.