CENTENNIAL RES (NASDAQ:CDEV) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 7th. Analysts expect CENTENNIAL RES to post earnings of $0.02 per share for the quarter.

CENTENNIAL RES (NASDAQ:CDEV) opened at 15.75 on Friday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 228.26 and a beta of 2.14. The company’s 50-day moving average price is $15.60 and its 200-day moving average price is $17.09. CENTENNIAL RES has a one year low of $11.08 and a one year high of $20.97.

Several analysts have weighed in on the company. J P Morgan Chase & Co assumed coverage on CENTENNIAL RES in a research note on Tuesday, August 1st. They set an “overweight” rating and a $19.00 target price on the stock. Scotiabank reaffirmed an “outperform” rating and set a $21.00 target price on shares of CENTENNIAL RES in a research note on Saturday, July 22nd. Scotia Howard Weill assumed coverage on CENTENNIAL RES in a research note on Friday, July 21st. They set a “sector outperform” rating and a $21.00 target price on the stock. Howard Weil assumed coverage on CENTENNIAL RES in a research note on Friday, July 21st. They set a “sector outperform” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research downgraded CENTENNIAL RES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.09.

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In other news, COO Sean R. Smith purchased 10,000 shares of the stock in a transaction dated Monday, June 5th. The shares were bought at an average cost of $15.05 per share, for a total transaction of $150,500.00. Following the transaction, the chief operating officer now owns 21,540 shares in the company, valued at $324,177. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 44.70% of the stock is currently owned by company insiders.

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.

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