Wunderlich Reiterates Centennial Resource Dev to Buy with Price Target $28

Brokerage firm Wunderlich Reiterates its rating on Centennial Resource Dev(CDEV). As per the latest information, Wunderlich Raises the price target to $28 per share from a prior target of $24. The shares have been rated Buy. The rating by the stock financial advisor at Wunderlich was issued on Mar 23, 2017 in a research report to their Investors and Clients.

Centennial Resource Dev (CDEV) made into the market gainers list on Fridays trading session with the shares advancing 0.53% or 0.09 points. Due to strong positive momentum, the stock ended at $17.17, which is also near the day’s high of $17.489. The stock began the session at $17.03 and the volume stood at 18,09,487 shares. The 52-week high of the shares is $20.97 and the 52 week low is $9.65. The company has a current market capitalization of $3,849 M and it has 22,41,49,010 shares in outstanding.

Centennial Resource Dev(CDEV) last announced its earnings results on Mar 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $29.717M. Analysts had an estimated revenue of $30.460M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.01.

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