Royce & Associates LP held its position in CENTENNIAL RES (NASDAQ:CDEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,545 shares of the oil and natural gas company’s stock at the end of the 2nd quarter. Royce & Associates LP owned about 0.06% of CENTENNIAL RES worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its holdings in shares of CENTENNIAL RES by 22.0% in the 1st quarter. FMR LLC now owns 30,658,838 shares of the oil and natural gas company’s stock worth $554,836,000 after acquiring an additional 5,518,614 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CENTENNIAL RES by 66.9% in the 1st quarter. Vanguard Group Inc. now owns 7,747,736 shares of the oil and natural gas company’s stock worth $141,241,000 after acquiring an additional 3,106,958 shares during the last quarter. Kensico Capital Management Corp raised its holdings in shares of CENTENNIAL RES by 9.3% in the 1st quarter. Kensico Capital Management Corp now owns 2,938,659 shares of the oil and natural gas company’s stock worth $53,572,000 after acquiring an additional 250,901 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of CENTENNIAL RES by 3.4% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 2,060,070 shares of the oil and natural gas company’s stock worth $32,590,000 after acquiring an additional 66,908 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of CENTENNIAL RES by 38.3% in the 1st quarter. Neuberger Berman Group LLC now owns 1,996,753 shares of the oil and natural gas company’s stock worth $36,401,000 after acquiring an additional 552,753 shares during the last quarter. Institutional investors own 90.62% of the company’s stock.

Shares of CENTENNIAL RES (CDEV) opened at 17.80 on Thursday. The stock’s 50 day moving average is $17.25 and its 200 day moving average is $18.29. The stock has a market cap of $4.57 billion, a PE ratio of 89.45 and a beta of 2.10. CENTENNIAL RES has a 52-week low of $13.31 and a 52-week high of $20.97.

CENTENNIAL RES (NASDAQ:CDEV) last posted its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The firm had revenue of $91.06 million during the quarter, compared to the consensus estimate of $76.03 million. Equities research analysts forecast that CENTENNIAL RES will post $0.18 earnings per share for the current year.

A number of research firms recently weighed in on CDEV. Zacks Investment Research upgraded shares of CENTENNIAL RES from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Thursday, September 7th. BMO Capital Markets set a $17.00 price objective on shares of CENTENNIAL RES and gave the company a “hold” rating in a research note on Monday, June 26th. J P Morgan Chase & Co assumed coverage on shares of CENTENNIAL RES in a research note on Tuesday, August 1st. They issued an “overweight” rating and a $19.00 price objective for the company. Imperial Capital assumed coverage on shares of CENTENNIAL RES in a research note on Friday, August 18th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, Scotiabank reiterated an “outperform” rating and issued a $21.00 price objective on shares of CENTENNIAL RES in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. CENTENNIAL RES currently has an average rating of “Buy” and an average price target of $22.25.

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CENTENNIAL RES 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.

Institutional Ownership by Quarter for CENTENNIAL RES (NASDAQ:CDEV)

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