Today’s Price Action: It Seems Centennial Resource Development Inc Will Go Up. Have Another Big Increase

Today's Price Action: It Seems Centennial Resource Development Inc Will Go Up. Have Another Big Increase

The stock of Centennial Resource Development Inc (NASDAQ:CDEV) is a huge mover today! About 997,565 shares traded hands or 19.63% up from the average. Centennial Resource Development Inc (NASDAQ:CDEV) has risen 63.40% since April 27, 2016 and is uptrending. It has outperformed by 58.17% the S&P500.
The move comes after 7 months positive chart setup for the $2.93B company. It was reported on Nov, 30 by Barchart.com. We have $18.80 PT which if reached, will make NASDAQ:CDEV worth $146.50M more.

Analysts await Centennial Resource Development Inc (NASDAQ:CDEV) to report earnings on February, 9. CDEV’s profit will be $9.82M for 74.58 P/E if the $0.06 EPS becomes a reality. After $-0.04 actual EPS reported by Centennial Resource Development Inc for the previous quarter, Wall Street now forecasts -250.00% EPS growth.

According to Zacks Investment Research, “Silver Run Acquisition Corporation is an energy-focused special purpose entity formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Silver Run Acquisition Corporation is based in HOUSTON, United States.”

More notable recent Centennial Resource Development Inc (NASDAQ:CDEV) news were published by: Wsj.com which released: “Centennial Resource Development Buys Additional Energy Acreage for $855 Million” on November 28, 2016, also Globenewswire.com with their article: “Centennial Resource Development, Inc. Schedules Earnings Call for Third …” published on November 03, 2016, Globenewswire.com published: “Centennial Resource Development, Inc. Announces Third Quarter 2016 Results” on November 09, 2016. More interesting news about Centennial Resource Development Inc (NASDAQ:CDEV) were released by: Denverpost.com and their article: “Centennial Resource files for energy IPO in the midst of low oil prices, losses” published on June 29, 2016 as well as Nasdaq.com‘s news article titled: “Centennial Resource Development is Now Oversold (CDEV)” with publication date: November 17, 2016.

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