Must-See Earnings Estimates Centennial Resource Development (NASDAQ:CDEV)

Earnings results for Centennial Resource Development (NASDAQ:CDEV)

Centennial Resource Development, Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.02. The reported EPS for the same quarter last year was $-0.24.

Centennial Resource Development last announced its earnings results on February 22nd, 2021. The oil and natural gas company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.23. The company earned $148.08 million during the quarter, compared to analysts’ expectations of $141.38 million. Centennial Resource Development has generated $0.19 earnings per share over the last year. Centennial Resource Development has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Centennial Resource Development will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Centennial Resource Development (NASDAQ:CDEV)

10 Wall Street analysts have issued ratings and price targets for Centennial Resource Development in the last 12 months. Their average twelve-month price target is $1.44, predicting that the stock has a possible downside of 66.14%. The high price target for CDEV is $3.00 and the low price target for CDEV is $0.70. There are currently 4 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Centennial Resource Development has received a consensus rating of Hold. The company’s average rating score is 1.80, and is based on 2 buy ratings, 4 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $1.44, Centennial Resource Development has a forecasted downside of 66.1% from its current price of $4.24. Centennial Resource Development has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Centennial Resource Development (NASDAQ:CDEV)

Centennial Resource Development does not currently pay a dividend. Centennial Resource Development does not have a long track record of dividend growth.

Insiders buying/selling: Centennial Resource Development (NASDAQ:CDEV)

In the past three months, Centennial Resource Development insiders have not sold or bought any company stock. Only 31.90% of the stock of Centennial Resource Development is held by insiders. 53.72% of the stock of Centennial Resource Development is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Centennial Resource Development (NASDAQ:CDEV

Earnings for Centennial Resource Development are expected to grow in the coming year, from ($0.80) to ($0.09) per share. The P/E ratio of Centennial Resource Development is -1.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Centennial Resource Development is -1.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Centennial Resource Development has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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