Centennial Res (CDEV) Earns Media Impact Score of 0.17
Press coverage about Centennial Res (NASDAQ:CDEV) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centennial Res earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the oil and natural gas company an impact score of 47.513797130182 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Centennial Res (CDEV) Sees Large Growth in Short Interest (americanbankingnews.com)
- Centennial Resource Development’s (CDEV) CEO Mark Papa on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Centennial Res (CDEV) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Centennial Res (NASDAQ:CDEV) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS (americanbankingnews.com)
- Centennial Resource Development Announces Second Quarter 2017 Operational and Financial Results and Increases 2017 Production Targets While Lowering Cost Guidance (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. J P Morgan Chase & Co assumed coverage on shares of Centennial Res in a report on Tuesday, August 1st. They set an “overweight” rating and a $19.00 price objective for the company. Citigroup Inc. assumed coverage on shares of Centennial Res in a report on Monday, May 1st. They set a “buy” rating and a $21.00 price objective for the company. Zacks Investment Research downgraded shares of Centennial Res from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Scotia Howard Weill assumed coverage on shares of Centennial Res in a report on Friday, July 21st. They set a “sector outperform” rating and a $21.00 price objective for the company. Finally, Howard Weil assumed coverage on shares of Centennial Res in a report on Friday, July 21st. They set a “sector outperform” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.09.
Centennial Res (NASDAQ:CDEV) opened at 16.73 on Friday. The stock’s 50 day moving average is $15.92 and its 200-day moving average is $16.99. Centennial Res has a 12-month low of $11.80 and a 12-month high of $20.97. The company has a market capitalization of $4.29 billion, a P/E ratio of 84.07 and a beta of 2.14.
Centennial Res (NASDAQ:CDEV) last released its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $91.06 million during the quarter, compared to analyst estimates of $76.03 million. On average, equities analysts predict that Centennial Res will post $0.18 earnings per share for the current fiscal year.
In other news, COO Sean R. Smith acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of $15.05 per share, with a total value of $150,500.00. Following the completion of the transaction, the chief operating officer now directly owns 21,540 shares of the company’s stock, valued at approximately $324,177. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 44.70% of the company’s stock.
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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