News headlines about Centennial Resource Dev (NASDAQ:CDEV) have trended somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Dev earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the oil and natural gas company an impact score of 46.4429864364495 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of CDEV traded down $0.78 on Friday, reaching $16.75. The stock had a trading volume of 2,900,549 shares, compared to its average volume of 2,035,482. The stock has a market cap of $4,623.49, a P/E ratio of 59.82, a P/E/G ratio of 0.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. Centennial Resource Dev has a twelve month low of $14.10 and a twelve month high of $22.14.
Centennial Resource Dev (NASDAQ:CDEV) last released its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $166.13 million for the quarter, compared to analysts’ expectations of $152.13 million. Centennial Resource Dev had a return on equity of 2.42% and a net margin of 17.58%. research analysts expect that Centennial Resource Dev will post 0.7 EPS for the current fiscal year.
CDEV has been the subject of a number of analyst reports. BidaskClub downgraded Centennial Resource Dev from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. Royal Bank of Canada initiated coverage on Centennial Resource Dev in a research note on Friday, February 16th. They set an “outperform” rating and a $26.00 target price for the company. Seaport Global Securities raised Centennial Resource Dev from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, December 19th. Zacks Investment Research raised Centennial Resource Dev from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 29th. Finally, Guggenheim initiated coverage on Centennial Resource Dev in a research note on Monday, January 29th. They set a “buy” rating and a $29.00 target price for the company. Two investment analysts have rated the stock with a sell rating and nineteen have issued a buy rating to the stock. Centennial Resource Dev presently has a consensus rating of “Buy” and an average target price of $24.12.
In related news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $19.50, for a total value of $419,355,631.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 44.70% of the company’s stock.
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Centennial Resource Dev Company Profile
Centennial Resource Development, Inc, together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin.
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