$0.06 EPS Expected for Centennial Resource Development Inc (CDEV)

November 4, 2017 – By Marie Mckinney

Wall Street await Centennial Resource Development Inc (NASDAQ:CDEV) to release earnings on November, 9. Analysts forecast earnings per share of $0.06, up exactly $0.10 or 250.00 % from 2014’s $-0.04 EPS. The expected CDEV’s profit could reach $15.41 million giving the stock 84.54 P/E in the case that $0.06 earnings per share is reported. After posting $0.07 EPS for the previous quarter, Centennial Resource Development Inc’s analysts now forecast -14.29 % negative EPS growth. The stock increased 5.46% or $1.05 during the last trading session, reaching $20.29. About 1.79 million shares traded or 39.84% up from the average. Centennial Resource Development Inc (NASDAQ:CDEV) has 0.00% since November 4, 2016 and is . It has underperformed by 16.70% the S&P500.

Centennial Resource Development Inc (NASDAQ:CDEV) Ratings Coverage

Among 10 analysts covering Centennial Resource Development (NASDAQ:CDEV), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Centennial Resource Development had 15 analyst reports since December 9, 2016 according to SRatingsIntel. The company was initiated on Tuesday, August 1 by J.P. Morgan. The rating was maintained by BMO Capital Markets on Tuesday, October 10 with “Hold”. The stock of Centennial Resource Development Inc (NASDAQ:CDEV) has “Buy” rating given on Friday, December 9 by Wunderlich. The firm has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, October 13 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Thursday, April 13. BMO Capital Markets maintained the stock with “Hold” rating in Monday, August 7 report. Stifel Nicolaus maintained Centennial Resource Development Inc (NASDAQ:CDEV) rating on Friday, September 1. Stifel Nicolaus has “Buy” rating and $21.0 target. The firm has “Hold” rating by BMO Capital Markets given on Monday, June 26. The rating was initiated by Seaport Global with “Hold” on Thursday, September 28.

Centennial Resource Development, Inc. is an independent oil and natural gas company. The company has market cap of $5.21 billion. The Firm is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. It currently has negative earnings. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

Another recent and important Centennial Resource Development Inc (NASDAQ:CDEV) news was published by Reuters.com which published an article titled: “BRIEF-Centennial Resource Development’s unit enters fifth amendment to amended …” on November 03, 2017.