Meritage Homes (MTH) Forms $53.45 Double Top; JERICHO OIL CORPORATION (JROOF) Shorts Down By 30.99%

JERICHO OIL CORPORATION (OTCMKTS:JROOF) had a decrease of 30.99% in short interest. JROOF’s SI was 19,600 shares in January as released by FINRA. Its down 30.99% from 28,400 shares previously. With 51,100 avg volume, 0 days are for JERICHO OIL CORPORATION (OTCMKTS:JROOF)’s short sellers to cover JROOF’s short positions. The stock increased 2.63% or $0.0187 during the last trading session, reaching $0.7291. About shares traded. Jericho Oil Corporation (OTCMKTS:JROOF) has 0.00% since January 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Meritage Homes Corporation (MTH) formed double top with $55.05 target or 3.00% above today’s $53.45 share price. Meritage Homes Corporation (MTH) has $2.16B valuation. The stock increased 2.30% or $1.2 during the last trading session, reaching $53.45. About 505,468 shares traded or 29.63% up from the average. Meritage Homes Corporation (NYSE:MTH) has risen 18.92% since January 12, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Jericho Oil Corporation acquires, explores, and develops natural gas and crude oil properties in North America. The company has market cap of $82.74 million. The firm primarily focuses on exploration and development activities in the Mississippi Lime, Woodford Shale, and Hunton formations in Central and Northeast Oklahoma. It currently has negative earnings. It has approximately 75,000 acres of developed and undeveloped acreage.

Since December 12, 2017, it had 0 buys, and 1 insider sale for $605,640 activity. Another trade for 12,000 shares valued at $605,640 was sold by Sarver Robert Gary.

Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on February, 7. They expect $1.25 EPS, up 2.46% or $0.03 from last year’s $1.22 per share. MTH’s profit will be $50.40 million for 10.69 P/E if the $1.25 EPS becomes a reality. After $1.02 actual EPS reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts 22.55% EPS growth.

Among 17 analysts covering Meritage (NYSE:MTH), 2 have Buy rating, 2 Sell and 13 Hold. Therefore 12% are positive. Meritage had 47 analyst reports since July 30, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Meritage Homes Corporation (NYSE:MTH) on Tuesday, August 1 with “Hold” rating. As per Wednesday, August 2, the company rating was maintained by Deutsche Bank. The rating was downgraded by Evercore on Friday, October 30 to “Hold”. The company was upgraded on Monday, January 8 by Citigroup. On Monday, April 18 the stock rating was downgraded by FBN Securities to “Sector Perform”. UBS maintained the shares of MTH in report on Thursday, September 10 with “Sell” rating. On Tuesday, August 2 the stock rating was downgraded by JP Morgan to “Neutral”. The company was maintained on Thursday, October 19 by Keefe Bruyette & Woods. On Thursday, April 7 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of Meritage Homes Corporation (NYSE:MTH) earned “Hold” rating by Deutsche Bank on Tuesday, August 2.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.07, from 1.18 in 2017Q2. It increased, as 14 investors sold Meritage Homes Corporation shares while 41 reduced holdings. 14 funds opened positions while 55 raised stakes. 40.81 million shares or 4.31% more from 39.12 million shares in 2017Q2 were reported. Hutchin Hill Cap Lp has 5,000 shares for 0.01% of their portfolio. Ubs Asset Management Americas holds 0% or 23,202 shares in its portfolio. Geode Mngmt Ltd Liability Co holds 315,658 shares. Parametric Associate has invested 0% in Meritage Homes Corporation (NYSE:MTH). Dimensional Fund Limited Partnership owns 3.36M shares. Morgan Stanley invested 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Bnp Paribas Arbitrage holds 0% or 20,481 shares in its portfolio. Goldman Sachs Gru accumulated 589,415 shares. Ls Invest Advsr Ltd Com stated it has 1,374 shares or 0% of all its holdings. 316,412 are held by Citadel Advisors Limited Co. Invesco owns 0.01% invested in Meritage Homes Corporation (NYSE:MTH) for 307,398 shares. Mcf Advsrs Limited Liability has invested 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Macquarie Grp holds 1.72 million shares or 0.14% of its portfolio. Dupont Cap reported 13,830 shares. Amalgamated Savings Bank has invested 0.01% in Meritage Homes Corporation (NYSE:MTH).

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