Centennial Res (NASDAQ:CDEV) – Stock analysts at Imperial Capital cut their Q4 2017 earnings estimates for shares of Centennial Res in a research note issued to investors on Tuesday. Imperial Capital analyst I. Haas now expects that the oil and natural gas company will earn $0.10 per share for the quarter, down from their prior forecast of $0.11. Imperial Capital currently has a “Outperform” rating and a $22.00 target price on the stock.

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Several other brokerages have also issued reports on CDEV. Scotiabank restated a “buy” rating and set a $22.00 target price on shares of Centennial Res in a research report on Tuesday, November 7th. Citigroup Inc. set a $22.00 target price on shares of Centennial Res and gave the company a “buy” rating in a research report on Friday, October 13th. J P Morgan Chase & Co started coverage on shares of Centennial Res in a research report on Tuesday, August 1st. They set an “overweight” rating and a $19.00 target price for the company. Zacks Investment Research upgraded shares of Centennial Res from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research report on Thursday, September 7th. Finally, BMO Capital Markets set a $18.00 target price on shares of Centennial Res and gave the company a “hold” rating in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.50.

Shares of Centennial Res (NASDAQ CDEV) opened at $20.78 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. Centennial Res has a 12-month low of $14.10 and a 12-month high of $22.11.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Centennial Res by 9.9% in the second quarter. Royal Bank of Canada now owns 9,179 shares of the oil and natural gas company’s stock worth $145,000 after purchasing an additional 830 shares during the period. Seven Bridges Advisors LLC boosted its position in shares of Centennial Res by 16.8% in the second quarter. Seven Bridges Advisors LLC now owns 8,244 shares of the oil and natural gas company’s stock worth $130,000 after purchasing an additional 1,184 shares during the period. Howard Hughes Medical Institute boosted its position in shares of Centennial Res by 9.7% in the second quarter. Howard Hughes Medical Institute now owns 18,917 shares of the oil and natural gas company’s stock worth $299,000 after purchasing an additional 1,680 shares during the period. TIAA FSB lifted its holdings in shares of Centennial Res by 7.9% in the third quarter. TIAA FSB now owns 78,756 shares of the oil and natural gas company’s stock worth $1,415,000 after buying an additional 5,770 shares in the last quarter. Finally, Cipher Capital LP lifted its holdings in shares of Centennial Res by 63.0% in the third quarter. Cipher Capital LP now owns 18,784 shares of the oil and natural gas company’s stock worth $338,000 after buying an additional 7,260 shares in the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.

Centennial Res Company Profile

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.

Earnings History and Estimates for Centennial Res (NASDAQ:CDEV)

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