Centennial Res (CDEV) Scheduled to Post Earnings on Monday
Centennial Res (NASDAQ:CDEV) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Centennial Res to post earnings of $0.06 per share for the quarter.
Centennial Res (NASDAQ:CDEV) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $76.03 million. On average, analysts expect Centennial Res to post $0.23 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.
Centennial Res (NASDAQ CDEV) traded up 1.84% during mid-day trading on Monday, hitting $19.40. The stock had a trading volume of 771,952 shares. The firm has a market cap of $4.98 billion, a P/E ratio of 97.49 and a beta of 2.08. The stock has a 50-day moving average price of $18.30 and a 200 day moving average price of $18.30. Centennial Res has a 12-month low of $13.31 and a 12-month high of $20.97.
A number of brokerages have recently issued reports on CDEV. Seaport Global Securities began coverage on Centennial Res in a research note on Thursday, September 28th. They set a “neutral” rating and a $19.00 target price for the company. J P Morgan Chase & Co began coverage on Centennial Res in a research note on Tuesday, August 1st. They set an “overweight” rating and a $19.00 target price for the company. BMO Capital Markets set a $18.00 target price on Centennial Res and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Imperial Capital began coverage on Centennial Res in a research note on Friday, August 18th. They set an “outperform” rating and a $22.00 target price for the company. Finally, Stifel Nicolaus set a $21.00 target price on Centennial Res and gave the stock a “buy” rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.43.
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About Centennial Res
Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.
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