Centennial Resource Development Inc (NASDAQ:CDEV) shares traded 2.24% up during most recent session to reach at the closing price of $17.38. The stock exchanged hands 4.03 Million shares versus average trading capacity of 2.64 Million shares, yielding a market cap of $4.65 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $25.75 within the next 52-weeks. The mean target projections are based on 20 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Centennial Resource Development Inc (NASDAQ:CDEV) high price target of $32 and with a conservative view have low price target of $19.

Johnson Rice “Initiates Coverage On” Centennial Resource Development Inc (NASDAQ:CDEV) in a research note issued to investors on 3/21/18 to Buy with price target of $25.

Additionally on 3/13/18 BMO Capital “Upgrades” Centennial Resource Development Inc (NASDAQ:CDEV) to Outperform and on 3/07/18 UBS “Initiates Coverage On” the stock to Buy at $24. Furthermore on 2/16/18 RBC Capital “Initiates Coverage On” the stock to Outperform at $26.

On the other hand the company has Relative Strength Index (RSI 14) of 45.85 along with Average True Range (ATR 14) of 0.83, Consequently Centennial Resource Development Inc (NASDAQ:CDEV)’s weekly and monthly volatility is 4.05%, 4.36% respectively. The company’s beta value is at 0.

In terms of Buy, Sell or Hold recommendations, Centennial Resource Development Inc (NASDAQ:CDEV) has analysts’ mean recommendation of 1.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Centennial Resource Development Inc (NASDAQ:CDEV)’s minimum EPS for the current quarter is at $0.16 and can go high up to $0.29. The consensus mean EPS for the current quarter is at $0.21 derived from a total of 18 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.07 earnings per share for the same quarter during last year.

Previously Centennial Resource Development Inc (NASDAQ:CDEV) reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. The company posted an earnings surprise of 38.9%.

Centennial Resource Development Inc (NASDAQ:CDEV)’s revenue estimates for the current quarter are $231.29 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $259.37 Million in contradiction of low revenue estimates of $212.54 Million. For the current year the company’s revenue estimates are $980.94 Million compared to low analyst estimates of $878.31 Million and high estimates of $1.1 Billion according to 14 number of analysts.

Currently Centennial Resource Development Inc (NASDAQ:CDEV)’s shares owned by insiders are 0.9%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -96.4%, as well as three-month change in the institutional ownership was recorded -1.1%.

Centennial Resource Development Inc (NASDAQ:CDEV)’s trailing twelve month revenues are $584.7 Million, whereas its price to sales ratio for the same period is 7.95. Its book value per share for the most recent quarter is $11.28 while its price to book ratio for the same period is 1.54, as for as the company’s cash per share for the most recent quarter is $0.14, however its price to cash per share ratio for the same period is 121.74. The stock has 5 year expected PEG ratio of 0.57 whereas its trailing twelve month P/E ratio is 34.42.