Equities analysts expect Centennial Resource Dev (NASDAQ:CDEV) to post sales of $190.79 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Centennial Resource Dev’s earnings, with estimates ranging from $183.67 million to $195.90 million. Centennial Resource Dev posted sales of $61.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 212.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 9th.
On average, analysts expect that Centennial Resource Dev will report full-year sales of $923.79 million for the current financial year, with estimates ranging from $886.66 million to $966.00 million. For the next financial year, analysts expect that the business will post sales of $1.30 billion per share, with estimates ranging from $1.23 billion to $1.37 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Centennial Resource Dev.
Centennial Resource Dev (NASDAQ:CDEV) last announced its quarterly earnings data on Monday, February 26th. The oil and natural gas company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $166.13 million during the quarter, compared to the consensus estimate of $152.13 million. Centennial Resource Dev had a net margin of 17.58% and a return on equity of 2.42%.
Shares of NASDAQ CDEV traded up $0.07 during mid-day trading on Monday, reaching $17.43. 1,606,487 shares of the company were exchanged, compared to its average volume of 2,025,958. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $4,791.86, a PE ratio of 62.25, a P/E/G ratio of 0.56 and a beta of 1.59. Centennial Resource Dev has a twelve month low of $14.10 and a twelve month high of $22.14.
In other Centennial Resource Dev news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of Centennial Resource Dev stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.50, for a total value of $419,355,631.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Castleark Management LLC raised its position in shares of Centennial Resource Dev by 154.6% in the 4th quarter. Castleark Management LLC now owns 386,905 shares of the oil and natural gas company’s stock valued at $7,661,000 after buying an additional 234,960 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Centennial Resource Dev in the 4th quarter valued at approximately $738,000. Millennium Management LLC acquired a new position in shares of Centennial Resource Dev in the 4th quarter valued at approximately $9,309,000. TIAA CREF Investment Management LLC grew its holdings in shares of Centennial Resource Dev by 9.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 343,243 shares of the oil and natural gas company’s stock valued at $6,796,000 after purchasing an additional 28,342 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Centennial Resource Dev by 22.8% during the 4th quarter. Teachers Advisors LLC now owns 157,257 shares of the oil and natural gas company’s stock valued at $3,114,000 after purchasing an additional 29,228 shares during the last quarter. Institutional investors own 91.21% of the company’s stock.
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Centennial Resource Dev Company Profile
Centennial Resource Development, Inc, together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin.
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