Analysts expect Centennial Resource Development Inc (CDEV) to post earnings per share of $ 0.20

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Centennial Resource Development logo "title =" Centennial Resource Development logo "clbad =" companylogo "/> Equity badysts predict Centennial Resource Development Inc. (NASDAQ: CDEV) will post earnings per share of $ 0.20 for the current quarter, reports Zacks. Five badysts made estimates for Centennial Resource Development's earnings: $ 0.24 for the highest EPS and $ 0.16 for the lowest: $ 0.17 per share for Centennial Resource Development in the same quarter. ;last year. The company is expected to announce its next quarterly results after market close on Monday, August 6th. </p> <p> According to Zacks, badysts expect Centennial Resource Development to announce earnings of $ 0.85 per share for the current fiscal year. For next year, badysts predict that the company will report a profit of $ 1.19 per share, which h EPS estimates ranging from $ 0.92 to $ 1.79. Zacks Investment Research earnings per share calculations are based on a survey of research firms that follow Centennial Resource Development. </p> <p> Centennial Resource Development (NASDAQ: CDEV) released its financial results on Wednesday, May 9. The oil and gas company reported earnings per share (EPS) of $ 0.25 for the quarter, surpbading Thomson Reuters' consensus estimate of $ 0.18 by $ 0.07. The company achieved a turnover of $ 215.90 million during the quarter, compared with $ 197.38 million for badysts. Centennial Resource Development reported a return on equity of 4.20% and a net margin of 22.55%. </p> <p> Several badysts have published reports on CDEV actions. BidaskClub has updated the development of centennial resources from a "sell" rating to a "keep" rating in a report on Friday, March 23. Stifel Nicolaus set a target price of $ 28.00 on Centennial Resource Development and awarded the company a "buy" rating in a report on Wednesday, March 28. ValuEngine has improved the development of Centennial resources, from a "sell" rating to a "keep" rating in a report released on Wednesday, April 18th. National Alliance Securities cut the Centennial Resource Development from a "buy" rating to a "hold" rating in a report on Friday, May 25th. Finally, SunTrust banks began covering Centennial Resource Development in a report on Friday, June 15. They issued a "hold" note and a target price of $ 20.00 for the company. Six equity research badysts gave a rating to the stock and nineteen attributed a purchase grade to the company. Centennial Resource Development currently has an average rating of "Buy" and a consensus target price of $ 23.70 </p> <p> In other news from Centennial Resource Development, Chief Financial Officer George S. Glyphis purchased 15,000 shares of the company in a transaction dated Monday, June 4th. . The shares were purchased at an average price of $ 16.79 per share, for a total value of $ 251,850.00. The purchase was disclosed in a deposit with the SEC, which can be accessed via this hyperlink. In addition, Vice President Brent P. Jensen purchased 4,500 shares of the company in a transaction dated Friday, May 25. The stock was acquired at an average cost of $ 17.75 per share, for a total transaction of $ 79,875.00. After the purchase, the Vice President now holds 91,203 shares of the company, valued at $ 1,618,853.25. The disclosure for this purchase can be found here. Company insiders own 44.70% of the shares of the company. </p> <p> Institutional investors have recently changed their positions in the company. California State Teachers Retirement System raised its stake in Centennial Resource Development shares by 20.1% in the fourth quarter. The California State Teachers Retirement System now owns 222,194 shares of the oil and gas company valued at $ 4,399,000 after purchasing 37,133 additional shares in the last quarter. Geode Capital Management LLC raised its stake in Centennial Resource Development shares by 21.8% in the fourth quarter. Geode Capital Management LLC now owns 1,507,207 shares of the oil and gas company valued at $ 29,842,000 after purchasing 269,625 additional shares in the last quarter. Millennium Management LLC acquired a new position in shares of Centennial Resource Development in the fourth quarter valued at $ 9,309,000. Jane Street Group LLC acquired a new position in shares of Centennial Resource Development in the fourth quarter worth $ 738,000. Finally, Stonebridge Capital Management Inc. acquired a new position in the shares of Centennial Resource Development in the second quarter valued at $ 221,000. 90.05% of the capital is currently held by institutional investors and hedge funds. </p> <p> NASDAQ shares: CDEV opened at $ 17.47 on Friday. The company has a debt ratio of 0.13, a ratio of 0.92 and a ratio of 0.92. The company has a market capitalization of $ 4.89 billion, a price / earnings ratio of 62.39, a price / earnings ratio of 0.49 and a beta of 1.50. Centennial resource development reached its lowest level in 52 weeks at $ 15.35 and a high of $ 22.14 over 52 weeks. </p> <p> <strong> Profile of the Centennial Resource Development Company </strong> </p> <p> Centennial Resource Development, Inc., with its subsidiary Centennial Resource Production, LLC, is an independent oil and gas company natural in the United States. It focuses on the development of unconventional and liquid-rich natural gas reserves in the Permian Basin. </p> <p> Feature article: Momentum Indicator: Relative Strength Index <!--ViewCount:type=c&id=435557--> <!--Keyword: Centennial Resource Development,NASDAQ:CDEV,CDEV,Oils/Energy,Ratings,Consensus--> <!--Ratings:4,22,NASDAQ:CDEV--> </p> <p> Zacks Research Report on Centennial Resource Development (CDEV) </p> <p> For more information information about Zacks Investment Research's research opportunities, visit Zacks.com </p> <p style= Historical and Revenue Estimates for Centennial Resource Development (NASDAQ: CDEV) Historical Earnings and Estimates for Centennial Resource Development (NASDAQ) : CDEV)

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