Centennial Resource Development, Inc. (CDEV) Reaches $16.85 After 8.00% Up Move; Husky Energy Inc. (TSE:HSE) Had 3 Bullish Analysts

June 18, 2018 - By Peter Erickson

Husky Energy Inc. (TSE:HSE) Logo

The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) is a huge mover today! The stock increased 3.44% or $0.56 during the last trading session, reaching $16.85. About 1.29 million shares traded. Centennial Resource Development, Inc. (NASDAQ:CDEV) has risen 15.15% since June 18, 2017 and is uptrending. It has outperformed by 2.58% the S&P500. Some Historical CDEV News: ; 06/03/2018 CERAWEEK-OPEC and U.S. shale break bread in uneasy truce at Houston dinner; 25/05/2018 – Centennial Resource Closes Below 200-Day Average: Technicals; 27/03/2018 – CENTENNIAL SEES 75% OF ITS ’18 LATERALS BEING 1.5-2 MILES LONG; 08/05/2018 – Centennial Resource Devt 1Q Average Daily Total Equivalent Production Increased 22 % Versus Prior Period; 09/05/2018 – CENTENNIAL’S CEO SAYS DOESN’T EXPECT U.S. SHALE OIL PRODUCERS TO INCREASE OUTPUT AFTER U.S. PRESIDENT TRUMP’S EXIT FROM IRAN NUCLEAR DEAL; 25/04/2018 – EnerCom’s The Oil & Gas Conference® Coming to Denver Aug. 19-22, 2018; 09/05/2018 – CENTENNIAL’S PAPA DECLINES TO COMMENT ON ARAMCO BOARD MEETING IN HOUSTON; 21/05/2018 – Centennial Resource at UBS Global Oil & Gas Conference Tomorrow; 17/05/2018 – Centennial Resource at UBS Global Oil & Gas Conference May 22; 08/05/2018 – CENTENNIAL RESOURCE DEVELOPMENT INC – QTRLY OIL AND GAS SALES $215.9 MLN VS $61.1 MLNThe move comes after 9 months positive chart setup for the $4.44 billion company. It was reported on Jun, 18 by Barchart.com. We have $18.20 PT which if reached, will make NASDAQ:CDEV worth $355.52 million more.

Among 10 analysts covering Husky Energy Inc. (TSE:HSE), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Husky Energy Inc. had 45 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Husky Energy Inc. (TSE:HSE) rating on Wednesday, December 14. RBC Capital Markets has “Outperform” rating and $18 target. The stock of Husky Energy Inc. (TSE:HSE) earned “Outperform” rating by BMO Capital Markets on Monday, November 2. The rating was upgraded by FirstEnergy Capital on Thursday, November 5 to “Outperform”. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, December 5. The stock of Husky Energy Inc. (TSE:HSE) earned “Buy” rating by Desjardins Securities on Tuesday, June 28. The stock of Husky Energy Inc. (TSE:HSE) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, January 25. RBC Capital Markets maintained it with “Outperform” rating and $18 target in Wednesday, October 26 report. The company was downgraded on Friday, June 30 by TD Securities. RBC Capital Markets maintained the shares of HSE in report on Wednesday, May 31 with “Sector Perform” rating. Raymond James maintained Husky Energy Inc. (TSE:HSE) on Monday, June 6 with “” rating. See Husky Energy Inc. (TSE:HSE) latest ratings:

Husky Energy Inc., together with its subsidiaries, operates as an integrated energy company. The company has market cap of $20.09 billion. It operates through two divisions, Upstream and Downstream. It has a 21.63 P/E ratio. The Upstream segment engages in the exploration for, and development and production of crude oil, bitumen, natural gas, and natural gas liquids; marketing of the companyÂ’s and other producersÂ’ crude oil, natural gas, natural gas liquids, sulphur, and petroleum coke; pipeline transportation and blending of natural gas and crude oil; and storage of crude oil, diluent, and natural gas.

The stock increased 0.25% or $0.05 during the last trading session, reaching $19.99. About 339,280 shares traded. Husky Energy Inc. (TSE:HSE) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Centennial Resource Development, Inc. (NASDAQ:CDEV) to report earnings on August, 6. They expect $0.20 earnings per share, up 185.71% or $0.13 from last year’s $0.07 per share. CDEV’s profit will be $52.75 million for 21.06 P/E if the $0.20 EPS becomes a reality. After $0.25 actual earnings per share reported by Centennial Resource Development, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

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 $4.44 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 31.85 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.

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. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 13. Citigroup maintained Centennial Resource Development, Inc. (NASDAQ:CDEV) on Friday, October 13 with “Buy” rating. The company was upgraded on Tuesday, December 19 by Seaport Global. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. Wunderlich initiated the stock with “Buy” rating in Friday, December 9 report. The rating was initiated by Seaport Global on Thursday, September 28 with “Hold”. The rating was maintained by BMO Capital Markets with “Hold” on Monday, August 7. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, April 13. The stock has “Hold” rating by BMO Capital Markets on Monday, June 26. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with “Hold”.

Centennial Resource Development, Inc. (NASDAQ:CDEV) Ratings Chart

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