First Midwest Bancorp, Inc. (FMBI) Touches $24.48 Formed H&S; CATHEDRAL ENERGY SERVICE (CETEF) Shorts Decreased By 9.85%

December 7, 2017 - By Vivian Park

First Midwest Bancorp, Inc. (FMBI) formed inverse H&S with $25.21 target or 3.00% above today’s $24.48 share price. First Midwest Bancorp, Inc. (FMBI) has $2.52B valuation. The stock increased 0.08% or $0.02 during the last trading session, reaching $24.48. About 30,775 shares traded. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has risen 25.46% since December 7, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

CATHEDRAL ENERGY SERVICE (OTCMKTS:CETEF) had a decrease of 9.85% in short interest. CETEF’s SI was 76,900 shares in December as released by FINRA. Its down 9.85% from 85,300 shares previously. With 16,400 avg volume, 5 days are for CATHEDRAL ENERGY SERVICE (OTCMKTS:CETEF)’s short sellers to cover CETEF’s short positions. It closed at $1.4847 lastly. It is down 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.45 in 2017 Q2. Its up 0.03, from 1.42 in 2017Q1. It increased, as 15 investors sold First Midwest Bancorp, Inc. shares while 51 reduced holdings. 26 funds opened positions while 70 raised stakes. 82.13 million shares or 1.69% more from 80.76 million shares in 2017Q1 were reported. Capstone Asset Mngmt invested in 0.01% or 15,805 shares. Pennsylvania-based Pnc Finance Service Group Inc has invested 0% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Foundry Llc holds 485,979 shares or 0.46% of its portfolio. Hutchin Hill Capital Limited Partnership invested 0.25% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Guggenheim Ltd Liability Corp invested 0% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Skyline Asset Lp has invested 1.83% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Principal Group Inc Incorporated has invested 0.01% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Mufg Americas Holding has 0% invested in First Midwest Bancorp, Inc. (NASDAQ:FMBI) for 305 shares. Advisory Network Ltd Co has 134 shares for 0% of their portfolio. Zacks Investment holds 0.03% or 59,509 shares. Comerica Bankshares has invested 0.03% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Highlander Mngmt Ltd invested in 4,250 shares or 0.08% of the stock. 585,347 were accumulated by Rothschild Asset Mngmt. Morgan Stanley owns 103,893 shares. Aperio Ltd owns 23,968 shares.

Analysts await First Midwest Bancorp, Inc. (NASDAQ:FMBI) to report earnings on January, 23. They expect $0.36 earnings per share, up 12.50% or $0.04 from last year’s $0.32 per share. FMBI’s profit will be $36.99 million for 17.00 P/E if the $0.36 EPS becomes a reality. After $0.37 actual earnings per share reported by First Midwest Bancorp, Inc. for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth.

Since June 13, 2017, it had 1 buy, and 0 insider sales for $72,180 activity. Brown Thomas Lynn also bought $72,180 worth of First Midwest Bancorp, Inc. (NASDAQ:FMBI) on Tuesday, June 13.

Among 8 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. First Midwest Bancorp has $28 highest and $19 lowest target. $25.20’s average target is 2.94% above currents $24.48 stock price. First Midwest Bancorp had 17 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, October 3 the stock rating was maintained by Piper Jaffray with “Buy”. On Friday, October 20 the stock rating was maintained by Jefferies with “Buy”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 3 report. The rating was maintained by Jefferies with “Buy” on Friday, September 15. On Friday, May 13 the stock rating was initiated by Macquarie Research with “Neutral”. Jefferies maintained the shares of FMBI in report on Friday, June 9 with “Buy” rating. As per Tuesday, November 28, the company rating was maintained by SunTrust. On Friday, December 1 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating given on Friday, August 11 by Jefferies. PiperJaffray upgraded the shares of FMBI in report on Monday, July 24 to “Overweight” rating.

Cathedral Energy Services Ltd. provides directional drilling services to oil and natural gas exploration and development entities in western Canada and the United States. The company has market cap of $68.98 million. It offers horizontal, directional, and underbalanced drilling services; and services through measurement while drilling systems, which are installed in the drill string to provide real time measurements of basic trajectory parameters, such as inclination, direction, tool-face, and temperature. It currently has negative earnings. The firm also provides displacement drilling mud motors to drill without drill string rotation converting hydraulic energy into mechanical energy; drilling jars; and shock subs.

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