Centennial Resource Development, Inc. (CDEV) EPS Estimated At $0.15; South Dakota Investment Council Cut Viacom New (VIAB) Position By $1.60 Million

April 17, 2018 - By Lawrence Diaz

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Analysts expect Centennial Resource Development, Inc. (NASDAQ:CDEV) to report $0.15 EPS on May, 9.They anticipate $0.11 EPS change or 275.00% from last quarter’s $0.04 EPS. CDEV’s profit would be $39.58M giving it 29.02 P/E if the $0.15 EPS is correct. After having $0.11 EPS previously, Centennial Resource Development, Inc.’s analysts see 36.36% EPS growth. The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.41. About 733,878 shares traded. Centennial Resource Development, Inc. (NASDAQ:CDEV) has risen 0.57% since April 17, 2017 and is uptrending. It has underperformed by 10.98% the S&P500.

South Dakota Investment Council decreased Viacom Inc New (VIAB) stake by 15.44% reported in 2017Q4 SEC filing. South Dakota Investment Council sold 53,250 shares as Viacom Inc New (VIAB)’s stock declined 4.65%. The South Dakota Investment Council holds 291,568 shares with $8.98M value, down from 344,818 last quarter. Viacom Inc New now has $12.91 billion valuation. The stock increased 0.15% or $0.0465 during the last trading session, reaching $31.5065. About 742,189 shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 30.65% since April 17, 2017 and is downtrending. It has underperformed by 42.20% the S&P500.

Among 11 analysts covering Centennial Resource Development (NASDAQ:CDEV), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Centennial Resource Development had 17 analyst reports since December 9, 2016 according to SRatingsIntel. Seaport Global initiated it with “Hold” rating and $19.0 target in Thursday, September 28 report. The firm has “Buy” rating given on Thursday, April 13 by Stifel Nicolaus. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) earned “Buy” rating by Stifel Nicolaus on Friday, September 1. As per Tuesday, August 1, the company rating was initiated by J.P. Morgan. Citigroup maintained the stock with “Buy” rating in Friday, October 13 report. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) has “Buy” rating given on Tuesday, December 19 by Seaport Global. The firm earned “Buy” rating on Friday, December 9 by Wunderlich. Stifel Nicolaus maintained Centennial Resource Development, Inc. (NASDAQ:CDEV) rating on Thursday, October 5. Stifel Nicolaus has “Buy” rating and $21.0 target. BMO Capital Markets maintained Centennial Resource Development, Inc. (NASDAQ:CDEV) rating on Tuesday, October 10. BMO Capital Markets has “Hold” rating and $18.0 target. The rating was maintained by Stifel Nicolaus on Thursday, July 13 with “Buy”.

Centennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas firm in the United States. The company has market cap of $4.59 billion. It focuses on the development of unconventional oil and associated natural gas reserves located in Reeves, Ward, and Pecos counties, West Texas. It has a 54.41 P/E ratio. The firm was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016.

South Dakota Investment Council increased Schlumberger Ltd (NYSE:SLB) stake by 197,110 shares to 530,581 valued at $35.76M in 2017Q4. It also upped Hanesbrands Inc (NYSE:HBI) stake by 490,960 shares and now owns 604,960 shares. Fnb Corp Pa (NYSE:FNB) was raised too.

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