Centennial Res (CDEV) Given a $18.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $18.00 target price on Centennial Res (NASDAQ:CDEV) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the oil and natural gas company’s stock.

Other analysts have also issued reports about the company. Scotiabank reaffirmed an outperform rating and set a $21.00 target price on shares of Centennial Res in a report on Saturday, July 22nd. J P Morgan Chase & Co began coverage on Centennial Res in a report on Tuesday, August 1st. They issued an overweight rating and a $19.00 price objective on the stock. Imperial Capital began coverage on Centennial Res in a report on Friday, August 18th. They issued an outperform rating and a $22.00 price objective on the stock. Scotia Howard Weill began coverage on Centennial Res in a report on Friday, July 21st. They issued a sector outperform rating and a $21.00 price objective on the stock. Finally, Zacks Investment Research lowered Centennial Res from a hold rating to a sell rating in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $22.36.

Centennial Res (NASDAQ:CDEV) opened at 18.38 on Tuesday. The stock has a market capitalization of $4.72 billion, a PE ratio of 92.36 and a beta of 2.07. The stock’s 50 day moving average price is $18.09 and its 200-day moving average price is $18.09. 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 earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $91.06 million for the quarter, compared to analyst estimates of $76.03 million. On average, equities analysts expect that Centennial Res will post $0.18 EPS for the current fiscal year.

WARNING: “Centennial Res (CDEV) Given a $18.00 Price Target at BMO Capital Markets” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/centennial-res-cdev-given-a-18-00-price-target-at-bmo-capital-markets.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Navellier & Associates Inc purchased a new position in shares of Centennial Res in the second quarter valued at approximately $402,000. Cetera Investment Advisers purchased a new position in shares of Centennial Res in the second quarter valued at approximately $291,000. Public Employees Retirement System of Ohio purchased a new position in shares of Centennial Res in the second quarter valued at approximately $782,000. California State Teachers Retirement System purchased a new position in shares of Centennial Res in the second qua

Other analysts have also issued reports about the company. Scotiabank reaffirmed an outperform rating and set a $21.00 target price on shares of Centennial Res in a report on Saturday, July 22nd. J P Morgan Chase & Co began coverage on Centennial Res in a report on Tuesday, August 1st. They issued an overweight rating and a $19.00 price objective on the stock. Imperial Capital began coverage on Centennial Res in a report on Friday, August 18th. They issued an outperform rating and a $22.00 price objective on the stock. Scotia Howard Weill began coverage on Centennial Res in a report on Friday, July 21st. They issued a sector outperform rating and a $21.00 price objective on the stock. Finally, Zacks Investment Research lowered Centennial Res from a hold rating to a sell rating in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $22.36.

Centennial Res (NASDAQ:CDEV) opened at 18.38 on Tuesday. The stock has a market capitalization of $4.72 billion, a PE ratio of 92.36 and a beta of 2.07. The stock’s 50 day moving average price is $18.09 and its 200-day moving average price is $18.09. 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 earnings results on Monday, August 7th. The oil and natural gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $91.06 million for the quarter, compared to analyst estimates of $76.03 million. On average, equities analysts expect that Centennial Res will post $0.18 EPS for the current fiscal year.

WARNING: “Centennial Res (CDEV) Given a $18.00 Price Target at BMO Capital Markets” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/centennial-res-cdev-given-a-18-00-price-target-at-bmo-capital-markets.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Navellier & Associates Inc purchased a new position in shares of Centennial Res in the second quarter valued at approximately $402,000. Cetera Investment Advisers purchased a new position in shares of Centennial Res in the second quarter valued at approximately $291,000. Public Employees Retirement System of Ohio purchased a new position in shares of Centennial Res in the second quarter valued at approximately $782,000. California State Teachers Retirement System purchased a new position in shares of Centennial Res in the second quarter valued at approximately $3,229,000. Finally, TVR Capital Management LP purchased a new position in shares of Centennial Res in the second quarter valued at approximately $7,090,000. 97.38% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Centennial Res (NASDAQ:CDEV)

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