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

October 30, 2017 - By Marie Mckinney

Investors wait Centennial Resource Development Inc (NASDAQ:CDEV) to report on November, 9. its quarterly earnings Wall Street analysts expect $0.06 earnings per share, up $0.10 or 250.00 % from last year’s $-0.04 same quarter earnings. This translates into $15.39M profit for CDEV giving the stock a 80.42 P/E. This is assuming the current $0.06 EPS is accurate. Centennial Resource Development Inc’s Wall Street analysts see -14.29 % negative EPS growth, taking into account the $0.07 EPS reproted in the previous quarter, About 1.26M shares traded or 7.69% up from the average. Centennial Resource Development Inc (NASDAQ:CDEV) has 0.00% since October 30, 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 rating was maintained by Stifel Nicolaus on Thursday, July 13 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, September 1. The stock has “Hold” rating by BMO Capital Markets on Monday, August 7. BMO Capital Markets maintained Centennial Resource Development Inc (NASDAQ:CDEV) rating on Monday, June 26. BMO Capital Markets has “Hold” rating and $1700 target. Citigroup maintained Centennial Resource Development Inc (NASDAQ:CDEV) rating on Friday, October 13. Citigroup has “Buy” rating and $22 target. J.P. Morgan initiated the shares of CDEV in report on Tuesday, August 1 with “Buy” rating. The stock of Centennial Resource Development Inc (NASDAQ:CDEV) has “Hold” rating given on Thursday, September 28 by Seaport Global. As per Thursday, April 13, the company rating was initiated by Stifel Nicolaus. The company was initiated on Friday, December 9 by Wunderlich. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 5.

Centennial Resource Development, Inc. is an independent oil and natural gas company. The company has market cap of $4.95 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.

More recent Centennial Resource Development Inc (NASDAQ:CDEV) news were published by: Globenewswire.com which released: “Centennial Resource Development, Inc. Announces Third Quarter 2017 Earnings …” on October 25, 2017. Also Prnewswire.com published the news titled: “Technical Reports on Oil & Gas Pipelines Equities - Williams Cos., TransCanada …” on October 02, 2017. Globenewswire.com‘s news article titled: “Centennial Resource Development, Inc. Announces Second Quarter 2017 Earnings …” with publication date: July 17, 2017 was also an interesting one.

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