Why APA, Centennial Resource Development, and Obsidian Energy Were Rising by Double Digits This Week
- The oil and gas sector surged following comments by Saudi Arabia, Russia limiting gas supplies to Europe, and China's stimulus measures.
- 08/26/2022
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Why Small-Cap Natural Gas Stocks Were Soaring Today
- While oil prices are up, it's natural gas that's becoming the scarcer commodity.
- 08/23/2022
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4 Small Caps for Growth-Focused Investors
- Investors seeking opportunities among growth stocks could be interested in the following small caps, as they represent companies whose trailing 12-month net income per share has improved significantly on a year-over-year basis.
- 08/08/2022
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Centennial (CDEV) Rises 3% on Q2 Earnings & Revenues Beat
- Higher oil equivalent production and increased commodity prices aid Centennial's (CDEV) Q2 earnings.
- 08/08/2022
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Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2022 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (NASDAQ:CDEV ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Sean Smith - CEO George Glyphis - EVP & CFO Matthew Garrison - EVP & COO Hays Mabry - Senior Director, Investor Relations Conference Call Participants Scott Hanold - RBC Capital Markets John Annis - Stifel Financial Corp. Danny Pelton - Truist Securities Operator Good morning and welcome to the Centennial Resource Development's Conference Call to discuss its Second Quarter 2022 earnings. Today's call is being recorded.
- 08/04/2022
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Centennial Resource (CDEV) Beats Q2 Earnings and Revenue Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of 48.78% and 20.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Why Energy Stocks Dropped on Monday
- When oil prices fall, it's not surprising to see oil stocks close behind.
- 08/01/2022
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7 Growth Stocks to Buy Now Before They Become Large Caps
- Canada's national business paper, The Globe and Mail, recently interviewed a Toronto-based portfolio manager who seeks out smaller growth stocks with the potential to become large caps over the long haul. Alex Etsell invests $2.3 billion for Hillsdale Investment Management in microcap and small-cap strategies for the firm's clients.
- 07/28/2022
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Why Diamondback Energy, Centennial Resource Development, and Transocean Rallied on Monday
- After a brutal sell-off, energy stocks seem to have found their footing.
- 07/25/2022
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Are Investors Undervaluing Centennial Resource Development (CDEV) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/21/2022
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Wells Fargo Slices & Dices 5 US Oil & Gas Stocks
- The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) had outperformed the S&P 500 by about 89% as of early June.
- 07/11/2022
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Centennial Resource (CDEV) Flat As Market Gains: What You Should Know
- In the latest trading session, Centennial Resource (CDEV) closed at $5.98, marking no change from the previous day.
- 07/01/2022
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Why Is Centennial Resource (CDEV) Up 7.2% Since Last Earnings Report?
- Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock?
- 06/03/2022
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Here's Why Centennial (CDEV) Stock Is a Great Investment Bet
- Centennial (CDEV) is well-positioned to capitalize on the rising oil prices.
- 06/02/2022
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Has Centennial Resource Development (CDEV) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Centennial Resource (CDEV) and Matador Resources (MTDR) have performed compared to their sector so far this year.
- 06/02/2022
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7 Value Stocks to Buy Priced at Less Than Their Book Value
- With these seven value stocks to buy, there are catalysts that could help bridge the gap between book value and trading price. The post 7 Value Stocks to Buy Priced at Less Than Their Book Value appeared first on InvestorPlace.
- 06/02/2022
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How to Find Cheap Stocks Under $10 to Buy in June
- Taking this all into account, we used one of our Zacks screens to help show investors how to find strong, highly-ranked stocks that are trading for under $10 per share to consider buying after the market flashed some positive signs heading into June.
- 05/31/2022
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3 Under-the-Radar Energy Stocks With Upcoming Catalysts You Won't Want to Miss
- Upcoming transformational events could give these underfollowed energy stocks the fuel to produce big-time returns.
- 05/21/2022
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Centennial and Colgate Energy Partners enter merger of equals agreement
- Centennial Resource Development Inc. (NASDAQ: CDEV) has announced a merge of equals agreement with Colgate Energy Partners III LLC. With over 180,000 net leased acres, 40,000 net royalties acres, and current total production of roughly 135,000 Boe/d, the merged business will become the biggest true E&P firm in the Delaware Region.
- 05/20/2022
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Another Pure Permian Mini-Major Rises In Centennial, Colgate Merger
- In keeping with the emerging shale narrative that “scale equals relevance,” Centennial Resource Development, Inc. announced on Thursday a deal to acquire privately-held Colgate Energy Partners III, LLC in a deal that values Colgate at $3.9 billion.
- 05/19/2022
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Centennial (CDEV) Slides 16.3% as Q1 Earnings Miss Estimates
- Increased lease operating expenses and exploration and other expenses hurt Centennial's (CDEV) Q1 earnings.
- 05/13/2022
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Is Centennial Resource Development (CDEV) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/10/2022
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Why Centennial Resource Development Stock Is Slumping Today
- The oil company's results came in a little light.
- 05/05/2022
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Centennial Resource Development, Inc. (CDEV) CEO Sean R. Smith on Q1 2022 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (NASDAQ:CDEV ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Sean R. Smith – Chief Executive Officer Matthew R.
- 05/05/2022
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Centennial Resource Development, Inc. Announces First Quarter 2022 Earnings Conference Call
- DENVER, April 29, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report first quarter 2022 financial and operating results after the market closes for trading on May 4, 2022. Management will host an earnings conference call on May 5, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 3033538) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone at (855) 859-2056 (Conference ID: 3033538) for a seven-day period following the call.
- 04/29/2022
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Centennial Resource (CDEV) Earnings Expected to Grow: What to Know Ahead of Q1 Release
- Centennial Resource (CDEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/26/2022
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Can Centennial Resource (CDEV) Keep the Earnings Surprise Streak Alive?
- Centennial Resource (CDEV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/19/2022
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5 High Earnings Yield Value Picks to Ride Out Market Volatility
- Consider unlocking your portfolio value with these high earnings yield stocks, namely Centennial Resource (CDEV), Nutrien (NTR), Teck Resources (TECK), Pilgrim's Pride (PPC) and Univar (UNVR).
- 04/13/2022
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Find Cheap Stocks Under $10 to Buy in the Second Quarter
- Taking this all into account, we used one of our Zacks screens to help show investors how to find strong, highly-ranked stocks that are trading for under $10 per share to consider buying in the second quarter and beyond.
- 04/12/2022
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Earnings Estimates Rising for Centennial Resource (CDEV): Will It Gain?
- Centennial Resource (CDEV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 04/08/2022
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Bull of the Day: Centennial Resource Development (CDEV)
- This energy play is powering to multi-year highs.
- 04/08/2022
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Upgraded Broker Ratings Make These 3 Stocks Attractive
- One must follow rating upgrades by brokers as they have a deeper understanding of the stocks. We pick Zebra Technologies (ZBRA), Centennial Resource (CDEV) and Core & Main (CNM) as these witness ratings upgrades.
- 04/06/2022
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Why Centennial (CDEV) Stock Might be a Great Pick
- Centennial (CDEV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 04/04/2022
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Strength Seen in Centennial Resource (CDEV): Can Its 8.8% Jump Turn into More Strength?
- Centennial Resource (CDEV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 04/04/2022
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Centennial (CDEV) Stock Jumps 41.6% YTD: More Room to Run?
- High oil price is beneficial for Centennial (CDEV).
- 03/30/2022
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Has Centennial Resource (CDEV) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Centennial Resource (CDEV) and Warrior Met Coal (HCC) have performed compared to their sector so far this year.
- 03/24/2022
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Centennial Resource (CDEV) is a Top-Ranked Momentum Stock: Should You Buy?
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 03/23/2022
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Centennial (CDEV) Jumps 27.1% Year to Date: More Room to Run?
- Higher oil price is aiding Centennial's (CDEV) bottom line.
- 03/15/2022
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How to Find Cheap Stocks Under $10 to Buy in March
- Today, we used a Zacks screen to help show investors how to find strong, highly-ranked stocks that are trading for under $10 per share.
- 03/08/2022
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Is Centennial Resource (CDEV) Outperforming Other Oils-Energy Stocks This Year?
- Here is how Centennial Resource (CDEV) and Crescent Point Energy (CPG) have performed compared to their sector so far this year.
- 03/07/2022
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Lessons from a 20-Year Oil Stock Investor
- Thinking about buying cyclical stocks? Tracey shares her tips for surviving the ups and downs.
- 03/03/2022
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Best Momentum Stocks to Buy for March 2nd
- CDEV, NMRK, and SBSW made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 2, 2022
- 03/02/2022
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New Strong Buy Stocks for March 2nd
- AGCO, ASIX, AA, CDEV, and HLI have been added to the Zacks Rank #1 (Strong Buy) List on March 2, 2022.
- 03/02/2022
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Centennial (CDEV) Gains 8% as Q4 Earnings Beat Estimates
- Centennial's (CDEV) Q4 earnings beat estimates on higher oil equivalent production and realized commodity prices.
- 03/01/2022
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The U.S. E&P Industry Is on Fire: 5 Top Stocks to Buy Now
- With oil and natural gas prices on a tear, the Zacks Oil and Gas - US E&P operators like CIVI, SM, OAS, CDEV and LPI are expected to participate in this explosive rally during the coming months.
- 02/28/2022
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Centennial Resource Development's (CDEV) CEO Sean Smith on Q4 2021 Results - Earnings Call Transcript
- Centennial Resource Development's (CDEV) CEO Sean Smith on Q4 2021 Results - Earnings Call Transcript
- 02/24/2022
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Centennial Resource (CDEV) Earnings Expected to Grow: Should You Buy?
- Centennial Resource (CDEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/15/2022
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Centennial Resource Development, Inc. Announces Fourth Quarter and Full Year 2021 Earnings Conference Call
- DENVER, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report fourth quarter and full year 2021 financial and operating results after the market closes for trading on February 23, 2022. Management will host an earnings conference call on February 24, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 2597505) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone at (855) 859-2056 (Conference ID: 2597505) for a seven-day period following the call.
- 02/14/2022
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Nasdaq ETFs to Log Worst Month Since 2008? 5 Stocks Up 20%+
- These top-ranked Nasdaq stocks returned more than 20% in January despite the index's downbeat performance.
- 01/31/2022
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Week 3 MDA Breakout Stocks - January 2022: Short-Term Picks To Give You An Edge
- Two sample Breakout Stocks for Week 3 with better than 10% short-term upside potential and a Dow stock pick. This past week was a negative momentum signal and no picks beat 10% peak gains with the picks down -0.08% in total led by TDW +4% and HXL +2.1%.
- 01/15/2022
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Why ConocoPhillips, Core Labs, and Centennial Resource Stocks Just Popped
- OPEC+ isn't scared of omicron. Should you be?
- 01/04/2022
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Centennial (CDEV) Rises 311.4% YTD: What's Behind the Rally?
- Centennial (CDEV) is well-positioned to capitalize on the crude price rally.
- 12/24/2021
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How Centennial Resource (CDEV) Stock Stands Out in a Strong Industry
- Centennial Resource (CDEV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 12/06/2021
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Centennial Resource Likely To Generate Over $300 Million In Positive Cash Flow At $65 WTI Oil
- Centennial is projected to generate $317 million in positive cash flow in 2022 at $65 WTI oil. This would help reduce its leverage below 1.0x by the end of 2022.
- 12/04/2021
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New Strong Buy Stocks for December 2nd
- GOLF, FLGT, GNK, CDEV, and ATCO have been added to the Zacks Rank #1 (Strong Buy) List on December 2nd.
- 12/02/2021
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Centennial Resource Development to Present at Upcoming Conferences
- DENVER, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the Bank of America Securities Global Energy Conference to be held on Wednesday, November 17, 2021 at 11:00 a.m. Eastern. Additionally, Matthew R. Garrison, Chief Operating Officer, and William A. Weidig, Vice President of Finance and Treasurer, are scheduled to present at the MKM Partners Virtual Best Ideas Conference to be held on November 17, 2021 at 1:50 p.m. Eastern. The live webcasts for both conferences will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab.
- 11/16/2021
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Centennial Resource Development, Inc.'s (CDEV) CEO Sean Smith on Q3 2021 Results - Earnings Call Transcript
- Centennial Resource Development, Inc.'s (CDEV) CEO Sean Smith on Q3 2021 Results - Earnings Call Transcript
- 11/04/2021
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Centennial Resource (CDEV) Beats Q3 Earnings and Revenue Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of 19.05% and 16.40%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/03/2021
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How to Find Cheap Stocks Under $10 to Buy for November
- Given this backdrop, investors likely want to consider adding stocks as we head into November. Today, we utilized our Zacks screener to find highly-ranked stocks trading for under $10 a share to consider amid the current market resurgence.
- 10/26/2021
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Centennial Resource (CDEV) to Report Q3 Results: Wall Street Expects Earnings Growth
- Centennial Resource (CDEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/25/2021
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Why Centennial Resource Development Stock Jumped as Much as 6% Today
- The oil driller got a second price upgrade in as many days, but there's probably a different reason for the sharp stock advance.
- 10/22/2021
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Is Now the Time to Buy Oil Stocks?
- Oil prices are in rally mode, and oil stocks are following along for the ride. Is this the right time to jump aboard?
- 10/22/2021
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5 Best ETFs & Stocks of the Top Performing Energy Sector
- We have highlighted five ETFs & stocks that were at the forefront of the energy sector rally so far this year.
- 10/06/2021
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Why Centennial Resource Development, Gran Tierra Energy, Range Resources, and Antero Resources Jumped in Early Trading Today
- Shares of these exploration and production companies all took off this morning, as the world continues to deal with a broad energy crunch.
- 10/04/2021
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Why This Under-$8 Oil Stock Jumped 20.5% This Week
- Higher oil prices are easing Centennial Resource's biggest worry: debt.
- 10/01/2021
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Best Penny Stocks to Buy? Check 3 These Out Next Month
- With October only a few days away, here are three penny stocks you might want to take a look at The post Best Penny Stocks to Buy? Check 3 These Out Next Month appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 09/27/2021
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Centennial (CDEV) Looking to Divest Delaware Basin Assets
- Cash from offloading some Delaware Basin assets can enable Centennial Resource Development (CDEV) to reduce debt burden and provide the balance sheet with some breathing room.
- 09/27/2021
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Centennial Resource Development: Exploring Sale Of Its Big Chief Asset
- Centennial has put its Big Chief asset up for sale. This asset currently produces 1,600 BOEPD and accounts for around 7% of Centennial's total acreage.
- 09/25/2021
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Why Lesser-Known Oil and Gas Stocks Soared Today
- With the rally in oil and natural gas prices showing no signs of slowing, investors in some stocks expect bigger returns going forward.
- 09/15/2021
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Why Oil and Gas Stocks Sizzled Today
- OPEC sprang a surprise even as natural gas prices soared, fueling high investor interest in oil and gas stocks.
- 09/13/2021
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Centennial Resource Development to Present at the Barclays CEO Energy-Power Conference
- DENVER, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference to be held virtually on Thursday, September 9, 2021 at 1:15 p.m. Eastern. The live webcast and presentation materials used at the conference will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab.
- 09/08/2021
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3 Top Penny Stocks to Watch As Summer Comes To An End
- With Summer coming to the end, which penny stocks are you watching? The post 3 Top Penny Stocks to Watch As Summer Comes To An End appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 09/01/2021
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Best Energy ETFs & Stocks of Last Week
- We have highlighted five energy ETFs & stocks that led the way higher last week.
- 08/30/2021
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Why Shares of Centennial Resource, Core Labs, and Peabody Energy Are on Fire Today
- Higher oil and gas prices are refueling investor interest in these stocks.
- 08/23/2021
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Best Penny Stocks To Buy Now? 4 To Watch Before Next Week
- Making a list of penny stocks to buy? Don't forget these 4 small-caps The post Best Penny Stocks To Buy Now?
- 08/20/2021
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Why Energy Stocks Are Down This Week
- Energy stocks took it on the chin this week.
- 08/19/2021
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Wednesday Afternoon Analyst Upgrades and Downgrades: Centennial Resource Development, Latch and More
- With the trading day more than halfway over, the broad markets had made a comeback from the open but for the most part they were still negative.
- 08/18/2021
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5 Stocks to Keep an Eye on for Solid Earnings Acceleration
- Cinemark Holdings (CNK), Alpha Metallurgical Resources (AMR), Atlantica Yield (AY), Steven Madden (SHOO) & Centennial Resource Development (CDEV) flaunt superb earnings acceleration at present.
- 08/13/2021
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Centennial (CDEV) Up 1% Since Q2 Earnings Miss Estimates
- Centennial Resource Development (CDEV) makes new oil hedging deals for the next year at an average price of $64.22 per barrel at WTI Price index.
- 08/12/2021
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Could These Penny Stocks Benefit From the Infrastructure Bill?
- Which penny stocks are investors watching ahead of the new $1 billion infrastructure bill? The post Could These Penny Stocks Benefit From the Infrastructure Bill?
- 08/06/2021
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Why This Small-Cap Oil Stock Plunged Today, Despite a Solid Outlook
- Look beyond the headlines: Centennial Resource Development is doing better than you think.
- 08/04/2021
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Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2021 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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Centennial Resource (CDEV) Q2 Earnings Lag Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of -66.67% and 19.94%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2021
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Centennial Resource Development Announces Second Quarter 2021 Results
- DENVER, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced second quarter 2021 financial and operational results.
- 08/03/2021
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Centennial Resource (CDEV) Earnings Expected to Grow: What to Know Ahead of Q2 Release
- Centennial Resource (CDEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/26/2021
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Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel
- DENVER, July 22, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today.
- 07/22/2021
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Why PBF Energy, Centennial Resource Development, and Transocean Rallied Today
- When Wall Street changes its mind these days, individual stocks can make big moves. It's getting hard to tell what's good news and what's bad.
- 07/21/2021
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Why Centennial Resource Development Fell Sharply at the Open Today
- The oil driller got hit along with oil prices. But that's the simple explanation for a bigger industry issue you need to know about.
- 07/19/2021
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Why Centennial Resource Development, Oceaneering International, and SunPower All Lost Ground This Week
- The broader energy sector saw increased volatility this week, most of which was to the downside. Here's what was happening with this trio.
- 07/15/2021
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Here's Why Centennial Resource (CDEV) Looks Promising Right Now
- Favorable oil pricing scenario is aiding Centennial Resource (CDEV).
- 07/15/2021
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Centennial (CDEV) Eyes Capital Efficiency With Data Science
- Centennial Resource Development (CDEV) is reducing lease operating expenses through electric substation, as can be seen in Reeves County.
- 07/14/2021
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Centennial Resource Development to Present at Upcoming Conferences
- DENVER, July 12, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Matt R. Garrison, Chief Operating Officer, is scheduled to present at the DUG Permian and Eagle Ford Conference in Fort Worth, Texas on Tuesday, July 13, 2021 at 10:40 a.m. Eastern. Mr. Garrison is also scheduled to present at EnerCom's The Oil & Gas Conference in Denver, Colorado on Monday, August 16, 2021 at 3:55 p.m. Eastern. The presentation materials used at both conferences will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab.
- 07/12/2021
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Why Centennial Resource Development Stock Rose and Then Fell Today
- The U.S. oil driller had some good news, but it wasn't enough to offset the big-picture issues in the energy sector today.
- 07/07/2021
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Why Core Labs, Centennial Resource Development, and Transocean Popped in Early Trading Today
- This trio of energy names got a boost when a key commodity hit an equally key price level.
- 07/01/2021
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9 Hot Penny Stocks To Watch Right Now, Analyst Targets Up To 290%
- Do you agree with analysts on these penny stocks? The post 9 Hot Penny Stocks To Watch Right Now, Analyst Targets Up To 290% appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 06/24/2021
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9 Oil & Gas Stocks to Buy to Play Rising Energy Prices
- If current energy price trends continue, these nine strong performing oil and gas stocks could add to their recent gains. The post 9 Oil & Gas Stocks to Buy to Play Rising Energy Prices appeared first on InvestorPlace.
- 06/23/2021
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Centennial Resource Development Stock To Observe A Correction?
- The shares of Centennial Resource Development have rallied from the lows of $1.50 in December 2020 to $6.62 at present, assisted by rising benchmark prices, growing domestic demand, and OPEC+ curtailments. The company is engaged in the exploration, development, and production of oil and natural gas.
- 06/21/2021
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Centennial Resource (CDEV): Strong Industry, Solid Earnings Estimate Revisions
- Centennial Resource (CDEV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/08/2021
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Centennial Resource Development to Present at Upcoming Investor Conferences
- DENVER, June 07, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the RBC Capital Markets Global Energy, Power & Infrastructure Conference to be held virtually on June 9, 2021 at 10:00 a.m. Eastern. Mr. Smith is also scheduled to present at the J.P. Morgan Energy, Power & Renewables Conference to be held virtually on June 23, 2021 at 3:40 p.m. Eastern. The live webcasts for both conferences will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab.
- 06/07/2021
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Resurgence: 6 Trade Ideas For U.S. Energy Cycle
- Six trades to capitalize on the US energy cycle.
- 06/07/2021
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Centennial Resource (CDEV) Up 28.4% Since Last Earnings Report: Can It Continue?
- Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock?
- 06/03/2021
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Why SM Energy Stock Jumped 14% Today, With Centennial, Range Resources, and Callon Tagging Along for the Ride
- Oil stocks were rallying today, thanks to a notable update from a key industry group.
- 06/01/2021
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These 3 Penny Stocks Popped Yesterday, Are They on Your Watchlist?
- These penny stocks pushed up yesterday; are they on your watchlist? The post These 3 Penny Stocks Popped Yesterday, Are They on Your Watchlist?
- 05/27/2021
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Centennial Resource Development: Deleveraging Should Accelerate In H2 2021
- Centennial Resource Development: Deleveraging Should Accelerate In H2 2021
- 05/26/2021
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Making a Penny Stocks Watchlist for June? Check These Small-Caps Out
- Finding penny stocks for June 2021? Take a look at these 3 first The post Making a Penny Stocks Watchlist for June?
- 05/21/2021
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Centennial Resource Development to Participate in the UBS Global Energy Conference
- DENVER, May 21, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, Matt R. Garrison, Chief Operating Officer, and George S. Glyphis, Chief Financial Officer, are scheduled to participate in the UBS Global Energy Conference to be held virtually on May 25, 2021.
- 05/21/2021
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Why Centennial Resource, SM Energy, and Kosmos Energy All Fell Sharply at the Open Today
- These energy names got off to a weak start, but that was hardly surprising given the commodity price moves taking place in early trading.
- 05/19/2021
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8 Reddit Penny Stocks That May Withstand the Market Maelstrom
- Looming uncertainty may be bad news for most Reddit penny stocks, but these eight may hold onto their gains, or head higher, from here. The post 8 Reddit Penny Stocks That May Withstand the Market Maelstrom appeared first on InvestorPlace.
- 05/18/2021
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7 Reddit Penny Stocks to Watch as Oil Prices Gush Higher
- These Reddit penny stocks have the most potential to make a big splash this year as recovering oil prices continue to push higher. The post 7 Reddit Penny Stocks to Watch as Oil Prices Gush Higher appeared first on InvestorPlace.
- 05/14/2021
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Centennial Resource (CDEV) Stock Up 4% Since Q1 Earnings Beat
- Higher realized commodity prices and decreased operating costs aid Centennial Resource Development's (CDEV) first-quarter results.
- 05/12/2021
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4 Hot Reddit Penny Stocks With Higher Than Average Volume
- Reddit penny stocks continue to see momentum; here's 4 to watch with higher than average volume The post 4 Hot Reddit Penny Stocks With Higher Than Average Volume appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 05/07/2021
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Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q1 2021 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q1 2021 Results - Earnings Call Transcript
- 05/05/2021
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CDEV Stock: From $4.26 To $4.87 (14.32% Increase) Intraday Explanation
- The stock price of Centennial Resource Development Inc (NASDAQ: CDEV) increased from $4.26 to $4.87 (up 14.32%) during intraday trading. This is why it happened.
- 05/05/2021
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Why Centennial Resource Development Stock Spiked 14% in Morning Trading
- Shares of the U.S. exploration and production company took off after it reported a first-quarter loss. There's more to the story.
- 05/05/2021
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Centennial Resource (CDEV) Reports Q1 Loss, Tops Revenue Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of 50.00% and 21.89%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2021
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Centennial Resource Development Announces First Quarter 2021 Results
- DENVER, May 04, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced first quarter 2021 financial and operational results.
- 05/04/2021
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Penny Stocks to Buy? Here's 3 For Your Thursday Morning Watchlist
- Making a penny stock watchlist? Give these 3 stocks a look The post Penny Stocks to Buy?
- 04/29/2021
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Centennial Resource Development, Inc. Announces First Quarter 2021 Earnings Conference Call
- DENVER, April 19, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report first quarter 2021 financial and operating results after the market closes for trading on May 4, 2021. Management will host an earnings conference call on May 5, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 7578513) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone at (855) 859-2056 (Conference ID: 7578513) for a seven-day period following the call.
- 04/19/2021
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CDEV Stock: 14.58% Increase Explanation
- The stock price of Centennial Resource Development (NASDAQ: CDEV) increased by 14.85%. This is why it happened.
- 04/14/2021
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Centennial Resource Development Improves Its Flexibility With Exchangeable Notes
- Centennial Resource Development Improves Its Flexibility With Exchangeable Notes
- 04/14/2021
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Why Centennial Resource Development, Diamondback Energy, SM Energy, and Marathon Oil All Rallied Today
- There's a lot going on in the oil markets right now, but investors clearly think the outcome will be a positive one.
- 04/02/2021
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Why Centennial Resource Development Stock Jumped 7% at the Open Today
- Until the Suez Canal mess is over, Centennial investors could be in for a real roller coaster ride.
- 03/26/2021
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Why Is Centennial Resource (CDEV) Up 3.2% Since Last Earnings Report?
- Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock?
- 03/25/2021
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Why Centennial Resource Development Stock Fell by 8% This Morning
- The market giveth and the market taketh away, especially when it comes to volatile commodities like oil.
- 03/25/2021
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Why Centennial Resource Development Stock Jumped Nearly 8% Early Today
- Shares of the energy company got a boost from the usual suspect, but there's an odd (even funny) "twist" here.
- 03/24/2021
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Implied Volatility Surging for Centennial Resource (CDEV) Stock Options
- Investors need to pay close attention to Centennial Resource (CDEV) stock based on the movements in the options market lately.
- 03/22/2021
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Centennial Resource Development to Participate in Simmons Energy Conference
- DENVER, March 22, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, and Matt R. Garrison, Chief Operating Officer, are scheduled to participate in the Simmons Energy Conference to be held virtually on Tuesday, March 23, 2021. The presentation materials used at the conference will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab on or before March 23, 2021.
- 03/22/2021
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Why Centennial Resource Development Fell as Much as 8.5% in Morning Action
- The oil and natural gas company lost ground Tuesday and kept sliding Wednesday based on news about its financial plans.
- 03/17/2021
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Centennial Resource (CDEV) Prices Exchangeable Senior Notes
- Centennial Resource (CDEV) announces that its affiliate, Centennial Resource Production, estimates net proceeds from the notes offering at $144.5 million.
- 03/17/2021
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Centennial Resource Development, Inc. Announces Pricing of $150.0 Million Exchangeable Senior Notes Offering
- DENVER, March 16, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (NASDAQ: CDEV) (the “Company” or “Centennial”) today announced the pricing of a public offering of $150,000,000 aggregate principal amount of 3.25% exchangeable senior notes due 2028 (the “notes”) of its wholly owned operating subsidiary, Centennial Resource Production, LLC (“CRP”). The notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by Centennial and its subsidiaries that currently guarantee CRP's outstanding senior notes. The issuance and sale of the notes are scheduled to settle on March 19, 2021, subject to customary closing conditions. CRP also granted the underwriters of the notes a 30-day option to purchase up to an additional $22,500,000 principal amount of notes, solely to cover over-allotments.
- 03/16/2021
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Why Centennial Resource Development Stock Dropped 13% at the Open Today
- Shares of the U.S. energy company drooped as it looked to shore up its finances a little. Here's why.
- 03/16/2021
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Centennial Resource Development, Inc. Announces Proposed Exchangeable Senior Notes Offering
- DENVER, March 15, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (NASDAQ: CDEV) (the “Company” or “Centennial”) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of exchangeable senior notes due 2028 (the “notes”) of its wholly owned operating subsidiary, Centennial Resource Production, LLC (“CRP”), in a public offering registered under the Securities Act of 1933, as amended. The notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by Centennial and CRP's subsidiaries that currently guarantee CRP's outstanding senior notes. CRP expects to grant the underwriters of the notes a 30-day option to purchase up to an additional $22,500,000 principal amount of notes, solely to cover over-allotments.
- 03/15/2021
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Strength Seen in Centennial Resource (CDEV): Can Its 16.6% Jump Turn into More Strength?
- Centennial Resource (CDEV) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 03/05/2021
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CDEV Stock Price Increased 16.59%: Why It Happened
- The stock price of Centennial Resource Development Inc (NASDAQ: CDEV) increased by 16.59%. This is why it happened.
- 03/04/2021
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Why Centennial Resource Development Stock Rocketed 15% in Early Trading Today
- The energy driller got a big boost today as investors pushed the stock price right up to, and past, a new target.
- 03/04/2021
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Centennial (CDEV) Q4 Earnings Miss Estimates, Reserves Decline
- Reduced oil equivalent production volumes hurt Centennial's (CDEV) Q4 earnings.
- 02/25/2021
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Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q4 2020 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q4 2020 Results - Earnings Call Transcript
- 02/24/2021
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Centennial Resource (CDEV) Reports Q4 Loss, Tops Revenue Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of -88.89% and 4.74%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/23/2021
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Recap: Centennial Resource Dev Q4 Earnings
- Shares of Centennial Resource Dev (NASDAQ:CDEV) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 1166.67% over the past year to ($0.32), which missed the estimate of ($0.06).
- 02/23/2021
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Centennial Resource Development Announces Full Year 2020 Results and 2021 Guidance
- DENVER, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced 2020 financial and operational results and 2021 operational plans and targets.
- 02/23/2021
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Why Centennial Resource Development, Antero Resources, and Contango Oil & Gas Rallied at the Open Today
- The big story was Texas and the impact it had on the energy sector, which was, indeed, sizable.
- 02/16/2021
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Centennial Resource Development: Chapter 2 In The Works
- Mark G. Papa, Chairman, CEO, and an industry icon, retired earlier this year. So far new management has done well navigating the coronavirus demand destruction.
- 02/06/2021
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5 Stocks That Are Most Sensitive to a Change in Oil Prices
- There are more signs that oil's brutal year is ending, and that a decade of underperformance in related stocks could reverse.
- 02/05/2021
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DCRB Stock: 12 Things to Know About the Hyzon SPAC Merger News
- DCRB stock is climbing Friday on news of the Hyzon SPAC merger. Here is what you need to know about the fuel cell EV deal.
- 02/05/2021
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Why Centennial Resource Development, SM Energy, and Callon Petroleum Each Jumped 5% Today
- These U.S. oil drillers got a lift today as the commodities they produce continue to strengthen. The good news keeps piling up.
- 02/04/2021
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Centennial Resource Development, Inc. Announces Fourth Quarter and Full Year 2020 Earnings Conference Call
- DENVER, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report fourth quarter and full year 2020 financial and operating results after the market closes for trading on February 23, 2021. Management will host an earnings conference call on February 24, 2021 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (844) 348-0017, or (213) 358-0877 for international calls, (Conference ID: 9171897) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial's website or by phone at (855) 859-2056 (Conference ID: 9171897) for a seven day period following the call.
- 02/03/2021
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3 Stocks That Can Double Or Triple
- 3 Stocks That Can Double Or Triple
- 01/31/2021
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Why Centennial Resource Development Stock Fell as Much as 6% Today
- Shares of Centennial bucked the uptrend in oil and natural gas prices today. Here's why.
- 01/25/2021
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Investors Beware! These Energy Stocks Could Go Bankrupt in 2021
- Despite the recent rally in oil prices, these oil stocks face an uphill battle in 2021.
- 01/16/2021
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Centennial (CDEV) Up 152.2% in 6 Months: More Room to Run?
- Centennial (CDEV) has more room for improvement, courtesy of its business prospects and a deepened focus on the most productive Permian Basin.
- 01/14/2021
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Why Centennial Resource Development, Range Resources, Southwest Energy, and Antero Resources Rallied Today
- Energy prices rose notably in early trading, but natural gas really excited investors.
- 01/12/2021
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Saudi Arabia Puts Oil Back Into the $50s: 5 E&P Stocks to Buy
- With oil breaching the $50 level, we suggest adding five exploration and production companies - Bonanza Creek Energy (BCEI), Diamondback Energy (FANG), W&T Offshore (WTI), Centennial Resource (CDEV) and Evolution Petroleum (EPM) - to your portfolio.
- 01/06/2021
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Saudis' Surprise Production Cut Lifts Oil Price: 4 Picks
- Stocks like HPR, FANG, BCEI and CDEV are well poised to gain since Saudi Arabia's surprise steep crude production cut lifts oil price.
- 01/06/2021
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Why These 5 Oil Stocks Were Soaring Today
- The oil market got a pleasant surprise.
- 01/05/2021
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Why Centennial Resource Development Stock Fell 13% at the Open Today
- The main story for the oil sector wasn't vaccines this morning, it was the United Kingdom. Developing events spooked investors big time.
- 12/21/2020
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Centennial Resource Development to Present at the MKM Partners Virtual Conference
- DENVER, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the MKM Partners Virtual Conference to be held on December 15, 2020 at 10:30 a.m. Eastern. The live webcast will be available on Centennial's website at www.cdevinc.com under the Investor Relations tab.
- 12/14/2020
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Why Centennial Resource Development Stock Jumped 9.5% Today
- The U.S. energy company rose in early trading on a positive update from Wall Street. Here's what you need to know.
- 12/10/2020
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Why Centennial Resource Development, Callon Petroleum, and SM Energy Rallied Today, but Talos Energy Cratered
- Some oil and gas names were rallying, but one was heading sharply lower. Here's what you need to know to make sense of it all.
- 12/09/2020
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Why Centennial Resource Development Stock Fell 5.5% at the Open Today
- The small U.S. energy driller is getting hit by investor sentiment again as a major oil industry decision looms.
- 11/30/2020
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Why Centennial Resource Development, QEP Resources, and SM Energy Rallied by Double Digits at the Open Today
- These small U.S. oil drillers got a shot in the arm from COVID-19-related news, but there's more to unpack here.
- 11/23/2020
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Why SM Energy, Centennial Resource Development, and QEP Resources Jumped at the Open Today
- This trio of U.S. onshore exploration and production companies got a boost from investor sentiment around OPEC. Here's why.
- 11/18/2020
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Centennial Resource Development to Present at the Bank of America Securities Global Energy Conference
- DENVER, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, is scheduled to present at the Bank of America Securities Global Energy Conference to be held virtually on Thursday, November 12, 2020 at 12:00 p.m. Eastern. The live webcast will be available on Centennial's website at www . cdevinc.com under the Investo r Relations tab.
- 11/10/2020
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Why Occidental Petroleum, Centennial Resource Development, and Core Labs Rocketed 20% Higher Today
- There's big news about COVID-19, but it will take some time before this trio sees any benefit. That didn't stop investors.
- 11/09/2020
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Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q3 2020 Results - Earnings Call Transcript
- Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q3 2020 Results - Earnings Call Transcript
- 11/03/2020
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Why Centennial Resource Development Stock Fell as Much as 7% Today
- The U.S. oil and gas driller fell on a day when oil prices were heading higher. Here's what you need to know.
- 11/03/2020
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Centennial Resource (CDEV) Reports Q3 Loss, Tops Revenue Estimates
- Centennial Resource (CDEV) delivered earnings and revenue surprises of 13.64% and 28.60%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2020
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Centennial Resource Dev: Q3 Earnings Insights
- Shares of Centennial Resource Dev (NASDAQ:CDEV) moved lower by 9.10% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 1800.00% year over year to ($0.19), which were in line with the estimate of ($0.19).
- 11/02/2020
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Centennial Resource Development Announces Third Quarter 2020 Results and Lowers Full-Year Cost Guidance
- DENVER, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced third quarter 2020 financial and operational results and updated 2020 operational targets.
- 11/02/2020
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Why Centennial Resource Is Worth Closely Following
- Centennial's adjusted EBITDA dropped to $24.4 million in Q2-2020, and cash flows fell to just $1.64 million, but this didn't weigh on its financial health as debt remained largely flat.
- 08/23/2020
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Centennial (CDEV) Gains Despite Reporting Q2 Loss (Revised)
- Centennial Resource Development (CDEV) expects 2020 net average daily production in the range of 64,000-68,000 Boe/d.
- 08/11/2020
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Centennial (CDEV) Q2 Earnings Miss on Lower Crude Prices
- Centennial Resource Development (CDEV) expects 2020 net average daily production in the range of 64,000-68,000 Boe/d.
- 08/11/2020
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Implied Volatility Surging for Centennial Resource (CDEV) Stock Options
- Investors need to pay close attention to Centennial Resource (CDEV) stock based on the movements in the options market lately.
- 08/11/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Shares Acquired by State Street Corp
- State Street Corp grew its holdings in Centennial Resource Development Inc (NASDAQ:CDEV) by 29.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 12,762,734 shares of the oil and natural gas company’s stock after buying an additional 2,872,645 shares during the period. State Street Corp’s holdings in Centennial Resource Development were worth $3,357,000 as […]
- 08/09/2020
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Did Hedge Funds Drop The Ball On Centennial Resource Development, Inc. (CDEV)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 08/05/2020
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Centennial Resource Development, Inc. (CDEV) Q2 2020 Earnings Call Transcript
- Good morning, and welcome to Centennial Resource Development's conference call to discuss its second quarter 2020 earnings. At this time, I will turn the call over to Hays Mabry, Centennial's Director of Investor Relations, for some opening remarks. Presenting on the call today are Sean Smith, our Chief Executive Officer; George Glyphis, our Chief Financial Officer; and Matt Garrison, our Chief Operating Officer.
- 08/05/2020
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Why Centennial Resource Development Stock Jumped 8% in Early Trading Today
- The energy company reported earnings, which weren't that good. But investors were upbeat anyway. Here's why.
- 08/04/2020
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Mid-Day Market Update: Dow Surges Over 100 Points; DBV Technologies Shares Plummet
- Midway through trading Tuesday, the Dow traded up 0.50% to 26796.87 while the NASDAQ rose 0.01% to 10903.76. The S&P also rose, gaining 0.22% to 3,301.95.
The U.S. has the...
- 08/04/2020
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Centennial Resource Development Announces Second Quarter 2020 Results and Issues 2020 Guidance
- DENVER, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced second quarter 2020 financial and operational results and issued 2020 operational plans and targets. Recent Financial and Operational Highlights * Reduced capital expenditures by 84% from the first quarter 2020 * Reduced year-to-date average well costs by over 20% compared to 2019 * Reduced LOE per unit costs for the third consecutive quarter * Implemented plan to significantly reduce cash G&A expenses * Executed debt exchange, reducing total senior note debt by $127 million * Curtailed a portion of May production volumes as a result of weak pricingUpdated 2020 Financial and Operational Plan * Currently stimulating five drilled, but uncompleted wells * Plan to resume drilling activity with one-rig in the fourth quarter * Reduced total capital budget to $255 million from previous guidance * Expect to be essentially cash flow neutral for the remainder of the year at current strip pricingFinancial ResultsFor the second quarter 2020, Centennial reported net income of $5.3 million, or $0.02 per diluted share, compared to $17.9 million, or $0.07 per diluted share, in the prior year period.Total equivalent production during the second quarter 2020 averaged 68,245 barrels of oil equivalent per day (“Boe/d”) compared to 76,122 Boe/d in the prior year period. Average daily crude oil production for the quarter was 37,411 barrels of oil per day (“Bbls/d”) compared to 43,105 Bbls/d in the prior year period.“The second quarter was the most challenging crude oil price environment in recent history. To protect the balance sheet, Centennial drastically reduced capital expenditures. We also implemented a series of cost reduction initiatives that will continue to benefit the Company over time,” said Sean R. Smith, Chief Executive Officer. “Going forward, we remain focused on minimizing cash costs and have reduced both LOE and recurring cash G&A. As the oil market recovers, we plan to resume operational activity with a focus on enhancing our economics through a combination of lower well costs and higher operating margins.”Second Quarter Operational ResultsCentennial voluntarily curtailed approximately 20% of its May production volumes in response to weak realized prices. In order to minimize shut-in volumes, the Company continued to produce crude oil to on-site tank batteries, ultimately selling these stocks at materially higher prices later in the quarter. The majority of shut-in production volumes were brought-back online during June at essentially no incremental cost.“We made the prudent decision to voluntarily shut-in a portion of our production during May. Notably, we experienced virtually no artificial lift failures or additional workover expenses associated with returning volumes to pre-shut-in levels,” Smith said. Centennial has implemented numerous field-level projects targeting lower lease operating expenses (“LOE”), which have generated positive results. Second quarter LOE per Boe decreased 17% compared to the prior period, despite lower production volumes. Centennial recently completed the first phase of its electric substation in Reeves County, Texas, enabling it to convert more facilities from generator power to the electrical grid. Additionally, the Company continues its ongoing transition from electric submersible pumps to more reliable gas lift. Centennial remains focused on these types of cost reducing projects going forward.“Our electrification project has reduced the number of generators in the field by 60%, resulting in lower equipment rental costs. Furthermore, we have significantly increased the usage of gas lift where feasible, lowering workover expenses,” Smith said. “Combined, these projects have lowered LOE costs, while reducing production downtime.”As previously announced, Centennial took a series of actions during the quarter to lower cash general and administrative (“G&A”) expenses, including a reduction to its workforce, employee and executive management salaries, Board of Director retainers and other non-payroll expenses. Excluding the effects of one-time severance costs paid to G&A employees of $2.9 million, Centennial’s cash G&A expenses during the quarter were $1.75 per BOE, a reduction of 12% compared to the prior period.Due to recent commodity price volatility, Centennial suspended all drilling and most completion activities in the second quarter. As a result, total capital expenditures incurred were $28.0 million, compared to $175.4 million in the prior quarter. Second quarter drilling and completion (“D&C”) capital expenditures totaled $21.4 million and were primarily associated with the completion of four wells in early April. The remaining $6.6 million was spent on facilities, infrastructure and land.2020 Operational Plans and TargetsCentennial’s estimated fiscal year 2020 total capital budget is approximately $240 million to $270 million, a reduction of $10 million utilizing the mid-point compared to its previously updated guidance range. Total D&C costs are estimated to be $200 million to $220 million, with the remaining portion to be allocated to facilities, infrastructure and land. As a result of the Company’s five-rig operated drilling program during the first quarter, capital expenditures for the first half of 2020 represent approximately 80% of its updated full year budget, implying a significant reduction in total capital to be incurred during the second half of the year.During the third quarter, Centennial commenced the completion of five wells that were drilled but uncompleted in Lea County, New Mexico. Additionally, the Company intends to resume drilling activity with one-rig in the fourth quarter to conservatively resume field development.“As the price of crude oil has recovered from record lows, we are pleased to resume D&C activity on our asset base. Importantly, we expect our future drilling program to be underpinned by significantly lower well costs, as a result of higher efficiencies and structural cost improvements,” Smith said. “Year-to-date, our operations team has successfully reduced well costs by over 20% compared to last year, and we expect to deliver total well costs of approximately $900 per lateral foot when activity resumes.”“Based on our expected activity levels through year-end, we anticipate being cash flow neutral for the balance of the year, assuming strip pricing and inclusive of our oil hedges. This will enable us to prudently manage our liquidity while resuming activity,” Smith said.The Company expects the current operational plan to deliver full year total equivalent production volumes of 64,000 Boe/d to 68,000 Boe/d, including crude oil volumes of 34,500 Bbls/d to 36,500 Bbls/d. (For a detailed table summarizing Centennial’s 2020 operational and financial guidance, please see the Appendix of this press release.)Senior Notes Exchange Offer ResultsOn May 22, 2020, Centennial completed an exchange offer whereby holders of $254.2 million aggregate principal amount of the Company’s $900.0 million outstanding senior unsecured notes exchanged their notes for $127.1 million principal amount of newly issued 8.00% second lien senior secured notes due 2025. As a result, $900.0 million in senior unsecured notes outstanding at March 31, 2020 was reduced by $254.2 million to $645.8 million. The debt exchange resulted in an overall reduction to the Company’s total principal amount of notes outstanding by $127.1 million and lowered future interest expense. A comparison between recent periods of Centennial’s total principal amount of debt outstanding is provided below:($'s in millions)March 31, 2020 June 30, 2020 Increase / (Decrease) 5.375% Senior Unsecured Notes Due 2026$400.0 $289.4 $(110.6) 6.875% Senior Unsecured Notes Due 2027500.0 356.4 (143.6) Total Senior Unsecured Notes900.0 645.8 (254.2) New 8.00% Second Lien Senior Secured Notes Due 2025— 127.1 127.1 Total Principal Amount of Notes Outstanding$900.0 $772.9 $(127.1) Capital Structure and LiquidityAs of June 30, 2020, Centennial had $7.2 million in cash on hand and $370.0 million of borrowings under its revolving credit facility. During the quarter, the Company borrowed $135.0 million on its credit facility primarily due to changes in working capital associated with the slowdown in activity levels and lower commodity prices. At June 30, 2020 Centennial’s total liquidity was $297.2 million, based on a $700.0 million borrowing base, the availability blocker of $31.8 million that was instituted to accommodate the new senior secured notes issued in connection with the debt exchange and $8.2 million in letters of credit outstanding, plus cash on hand. As of June 30, 2020, in addition to the revolver borrowings, the Company had $127.1 million of senior secured notes and $645.8 million of senior unsecured notes outstanding. The $135.0 million in credit facility borrowings for the quarter was largely offset by the debt exchange, resulting in only a $7.9 million increase in overall debt during the period. Hedge PositionCentennial recently entered into additional oil hedges for the fourth quarter of 2020 in order to further protect against the potential future decline in oil prices. For the third quarter, the Company has 25,000 Bbls/d of oil hedged at a weighted average fixed price of $26.83 per barrel. For the fourth quarter, Centennial has 13,000 Bbls/d of oil hedged at a weighted average fixed price of $38.89 per barrel. Also for the fourth quarter, the Company has 2,000 Bbls/d of oil collars in place with a weighted average floor and ceiling price of $39.00 per barrel and $44.50 per barrel, respectively. In addition, Centennial has certain crude oil basis swaps and natural gas hedges for 2020.
- 08/03/2020
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Oregon Public Employees Retirement Fund Takes Position in Centennial Resource Development Inc (NASDAQ:CDEV)
- Oregon Public Employees Retirement Fund bought a new stake in Centennial Resource Development Inc (NASDAQ:CDEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 746,371 shares of the oil and natural gas company’s stock, valued at approximately $664,000. Oregon Public Employees Retirement Fund owned 0.27% […]
- 08/02/2020
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Comparing Ivanhoe Energy (OTCMKTS:IVANF) & Centennial Resource Development (OTCMKTS:CDEV)
- Centennial Resource Development (NASDAQ:CDEV) and Ivanhoe Energy (OTCMKTS:IVANF) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and dividends. Profitability This table compares Centennial Resource Development and Ivanhoe Energy’s net margins, return on equity […]
- 07/22/2020
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Why Energy Companies Like Phillips 66, Centennial Resource Development, and Halliburton All Jumped Higher on July 21
- Gains were spread across the energy industry today, with investors' good mood driven by multiple factors.
- 07/21/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Expected to Post Earnings of -$0.23 Per Share
- Brokerages forecast that Centennial Resource Development Inc (NASDAQ:CDEV) will report ($0.23) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Centennial Resource Development’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.19). Centennial Resource Development reported […]
- 07/20/2020
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Centennial Resource Development, Inc. Announces Second Quarter 2020 Earnings Conference Call
- DENVER, July 16, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) announced today that it will report second quarter 2020 financial.
- 07/16/2020
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Centennial Resource Development (NASDAQ:CDEV) Given New $0.80 Price Target at Scotiabank
- Centennial Resource Development (NASDAQ:CDEV) had its target price upped by Scotiabank to $0.80 in a research note published on Monday, BenzingaRatingsTable reports. The brokerage currently has a sector underperform rating on the oil and natural gas company’s stock. Other research analysts have also issued reports about the stock. Wells Fargo & Co reiterated a hold […]
- 07/14/2020
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The Greatest SPAC Winners - From Nikola To DraftKings And Virgin Galactic
- Newly de-SPACed companies fight against headwinds. 10 companies that overcame the long odds.
- 07/13/2020
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Implied Volatility Surging for Centennial Resource (CDEV) Stock Options
- Investors need to pay close attention to Centennial Resource (CDEV) stock based on the movements in the options market lately.
- 07/10/2020
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Why Centennial Resource Development Stock Fell Nearly 9% in Early Trading on Tuesday
- The U.S. onshore energy company's shares have been trading lower over the past month or so, and the hits just keep coming.
- 07/07/2020
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Centennial Resource Development: Bonds Remain A Better Option Than Its Stock
- Unsecured bonds may have some upside potential. Stock remains an out-of-the-money option on much higher oil prices. Cash burn and/or production declines are a
- 06/30/2020
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Why Centennial Resource Development Stock Dipped at the Open on June 26 | The Motley Fool
- Volatility has been the norm lately for Centennial and was on display, again, in morning trading.
- 06/26/2020
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$79.10 Million in Sales Expected for Centennial Resource Development Inc (NASDAQ:CDEV) This Quarter
- Equities research analysts forecast that Centennial Resource Development Inc (NASDAQ:CDEV) will announce $79.10 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Centennial Resource Development’s earnings. The lowest sales estimate is $66.00 million and the highest is $92.00 million. Centennial Resource Development reported sales of $244.24 million in […]
- 06/26/2020
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Hedge Funds Are Dumping Centennial Resource Development, Inc. (CDEV)
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 06/23/2020
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Why Centennial Resource Development Stock Jumped 6.5% in Early Trading Today | The Motley Fool
- The surface reason for the stock advance is pretty simple, but the deeper meaning is more important.
- 06/23/2020
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Why Centennial Resource Development (CDEV) Stock Might be a Great Pick
- Centennial Resource Development (CDEV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/23/2020
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UBS Group AG Acquires 346,407 Shares of Centennial Resource Development Inc (NASDAQ:CDEV)
- UBS Group AG boosted its holdings in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 270.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 474,332 shares of the oil and natural gas company’s stock after purchasing an additional 346,407 shares during the period. […]
- 06/22/2020
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Centennial Resource Development (CDEV) Presents At J.P. Morgan Virtual Energy, Power & Renewables Conference - Slideshow
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Here's Why You Should Hold on to Centennial Resource Now
- Centennial Resource Development's (CDEV) efforts to reduce debt and improve balance sheet strength amid the current market volatility are commendable.
- 06/18/2020
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Centennial Resource Development: The Future Is Looking Bleak
- Centennial Resource looked like it would continue growing oil production efficiently, eventually becoming a low-cost operator, but the oil price collapse has di
- 06/16/2020
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Why Centennial Resource Development Shot Higher Early on June 16
- Hints of positive economic news had investors feeling upbeat about the oil and gas driller's prospects, but it didn't take long for the market's enthusiasm to cool.
- 06/16/2020
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Credit Lines to Shale Drillers Dry Up as Lenders Pull Back -- WSJ | MarketScreener
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Centennial Resource Production, LLC -- Moody's rates Centennial's new notes Caa1, changes outlook to stable
- Moody's Investors Service, ("Moody's") affirmed the Caa1 Corporate Family Rating (CFR) of Centennial Resource Production, LLC's (CRP) and upgraded the Probability of Default Rating (PDR) to Caa1-PD from Ca-PD. Concurrently, Moody's assigned a Caa1 rating to CRP's new second lien senior secured notes and upgraded the senior unsecured notes ratings to Caa2 from Caa3.
- 06/15/2020
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Why Centennial Resource Development, QEP Resources, and SM Energy Fell Sharply on June 15
- Investors are in a risk-off mood and that's a big problem for exploration and production companies.
- 06/15/2020
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Banks Cut Shale Drillers' Lifelines as Losses Mount | MarketScreener
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Banks Cut Shale Drillers’ Lifelines as Losses Mount
- Banks are slashing credit lines to shale drillers, as an oil-price crash and wells that have failed to produce as much as predicted force a painful reassessment of companies’ assets.
- 06/15/2020
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The Wild Week in Oil Stocks Continued on Friday, This Time to the Upside | The Motley Fool
- The market is bouncing back today, taking many oil stocks with it.
- 06/12/2020
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Centennial Resource Development to Participate in J.P. Morgan Energy, Power & Renewables Conference
- DENVER, June 12, 2020 -- Centennial Resource Development, Inc. (the “Company”) (NASDAQ: CDEV) today announced that Sean R. Smith, Chief Executive Officer, and George S..
- 06/12/2020
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USA Rare Earth's Rare Earth & Critical Minerals Pilot Plant Development and Processing Facility Officially Opens
- Key Step Towards Independent 100%-US Mine-to-Magnet Rare Earth Supply Chain
via NEWMEDIAWIRE -- USA Rare Earth, LLC, the funding and development partner of the
- 06/11/2020
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Why Oil Stocks Are Coming Back Down to Earth Today
- WTI was roughly flat while Brent was down slightly -- rumors were swirling in the industry that two deeply indebted producers were about to file for bankruptcy despite the recent run-up in crude prices. Leading the downward spiral were Occidental Petroleum (NYSE: OXY), Callon Petroleum (NYSE: CPE), Gulfport Energy (NASDAQ: GPOR), Centennial Resource Development (NASDAQ: CDEV), Oasis Petroleum (NYSE: OAS), and Denbury Resources (NYSE: DNR).
- 06/09/2020
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Monthly Gainers: $GNUS $DGLY $CDEV
- Jun 09, 2020 (The Market Signal via Comtex) --
The Market Signal was created as a platform to help investors find the best free Stock Reports on stocks they...
- 06/09/2020
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CENTENNIAL RES (CDEV) Up 33% Since Last Earnings Report: Can It Continue?
- CENTENNIAL RES (CDEV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/03/2020
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Implied Volatility Surging for Centennial Resource (CDEV) Stock Options
- Investors need to pay close attention to Centennial Resource (CDEV) stock based on the movements in the options market lately.
- 05/28/2020
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Edited Transcript of CDEV earnings conference call or presentation 5-May-20 2:00pm GMT
- Q1 2020 Centennial Resource Development Inc Earnings Call
- 05/28/2020
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Extraction Oil & Gas (OTCMKTS:CDEV) Shares Up 12.2%
- Extraction Oil & Gas (OTCMKTS:CDEV) shot up 12.2% during trading on Monday . The company traded as high as $1.04 and last traded at $1.01, 24,520,100 shares changed hands during trading. An increase of 76% from the average session volume of 13,947,967 shares. The stock had previously closed at $0.90. The firm has a 50-day […]
- 05/27/2020
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Oil price rebound exposes shale’s critical weakness
- Oil prices have surged more than 75 percent in the US this month. But don’t expect a quick rebound
- 05/24/2020
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Oil's sudden rebound is exposing the Achilles heel of shale - BNN Bloomberg
- The quick turnaround in oil markets is exposing the shale industry’s Achilles’ heel: Lightning-fast production declines.
- 05/24/2020
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Centennial Resource Finishes Sparsely Attended Debt Exchange
- Owners of less than one-third of the shale driller’s bonds took up its exchange offer despite a higher rate.
- 05/22/2020
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Centennial Resource Development, Inc. Announces Settlement of Offers to Exchange Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027
- Centennial Resource Development, Inc. (the “Company” or “Centennial”) (NASDAQ: CDEV) announced the final settlement of the previously announced exchange offers
- 05/22/2020
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Centennial Resource Development, Inc. Announces Expiration and Final Results of Exchange Offers and Consent Solicitations for Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027
- DENVER, May 20, 2020 -- Centennial Resource Development, Inc. (the “Company” or “Centennial”) (NASDAQ: CDEV) today announced the expiration and final results for the exchange.
- 05/20/2020
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Centennial Resource Development Announces Termination of Water Infrastructure Transaction
- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) today announced that, effective May 15, 2020, the previously announced divestiture by its wholly-owned subsidiary, Centennial Resource Production, LLC, of saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas to a subsidiary of WaterBridge Resources LLC (“WaterBridge”) has been terminated. Pursuant to the terms of the purchase and sale agreement, Centennial provided written notice of termination relating to the divestiture after WaterBridge failed to close the transaction on or before 5:00 pm Mountain Time on May 15, 2020, which was the Outside Date for the divestiture set forth in the purchase and sale agreement.
- 05/15/2020
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Centennial Resource Production, LLC -- Moody's downgrades Centennial's notes to Caa3
- The downgrade of CRP's PDR to Ca-PD is driven by the increased probability of default as CRP is in the process of finalizing its exchange offer for the senior notes that the company expects to close on May 19, 2020. Upon the completion of the offer, an "/LD" (limited default) signifier will be appended to CRP's PDR to recognize the default. More specifically, the weaknesses in CRP's credit profile have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions and CRP remains vulnerable to the outbreak continuing to spread and commodity prices remaining low.
- 05/13/2020
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These Troubled Oil Stocks Are Crashing Today
- Shares of Centennial Resource Development (NASDAQ: CDEV), Patterson-UTI Energy (NASDAQ: PTEN), Nabors Industries Inc (NYSE: NBR), and Tellurian (NASDAQ: TELL) are all down between 9.5% and 14% as of 12:44 p.m. EDT on May 13. First, oil markets got some mixed data in the past couple of days regarding crude oil inventories. According to today's oil weekly petroleum status report from the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories actually fell by about 700,000 barrels last week, as did gasoline inventories.
- 05/13/2020
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Why Centennial Resource (CDEV) is Down 9.4% Since Q1 Earnings?
- Centennial Resource Development's (CDEV) first-quarter results are hurt by lower total production and commodity price realizations. Moreover, increased operating expenses affect the profit level.
- 05/13/2020
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Global Fracking Chemicals and Fluids Market - 2020 - ResearchAndMarkets.com
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Were Hedge Funds Right About Centennial Resource Development, Inc. (CDEV)?
- Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
- 05/10/2020
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These Shale Basins Have Been Hit Hardest By The Oil Price Crash
- Stocks Analysis by OilPrice.com (Tsvetana Paraskova) covering: Exxon Mobil Corp, ConocoPhillips, Chesapeake Energy Corporation, Crude Oil WTI Futures. Read OilPrice.com (Tsvetana Paraskova)'s latest article on Investing.com
- 05/07/2020
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Why Centennial Resource Development Stock Plummeted 15% in Early Trading on May 6
- The exploration and development company reported earnings two days earlier, but the market wasn't done selling.
- 05/06/2020
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Centennial Resource Development, Inc. Announces Extension of Early Tender Date of the Exchange Offers and Consent Solicitations
- DENVER, May 06, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its operating subsidiary, Centennial Resource.
- 05/06/2020
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Centennial Resource Development, Inc. (CDEV) Q1 2020 Earnings Call Transcript
- CDEV earnings call for the period ending March 31, 2020.
- 05/06/2020
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Edited Transcript of CDEV earnings conference call or presentation 5-May-20 2:00pm GMT
- Q1 2020 Centennial Resource Development Inc Earnings Call
- 05/06/2020
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Oil set for longest rally in nine months amid falling output - BNN Bloomberg
- Oil is headed for the longest run of daily gains in more than nine months as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.
- 05/05/2020
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Why Centennial Resource Development Stock Is Plunging Today
- Shares of Centennial Resource Development (NASDAQ: CDEV) tumbled nearly 10% by 11:45 a.m. EDT on Tuesday. Centennial Resource Development reported a loss of $548 million, or $1.99 per share. Shutting down up to 40% of its production in May due to low oil prices.
- 05/05/2020
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Centennial Resource Development Announces First Quarter 2020 Results and Updated Operational Plans
- DENVER, May 04, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced first quarter 2020 financial and operational.
- 05/04/2020
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Extraction Oil & Gas (OTCMKTS:CDEV) Trading Down 22.9%
- Extraction Oil & Gas (OTCMKTS:CDEV) was down 22.9% during trading on Friday . The stock traded as low as $0.87 and last traded at $0.91, approximately 34,367,500 shares were traded during mid-day trading. An increase of 157% from the average daily volume of 13,385,506 shares. The stock had previously closed at $1.18. Separately, SunTrust Banks […]
- 05/02/2020
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Centennial Resource Development, Inc. Announces First Quarter 2020 Earnings Conference Call | MarketScreener
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Centennial Resource Development, Inc. Announces First Quarter 2020 Earnings Conference Call
- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) announced today that it will report first quarter 2020 financial and operating results after the market closes for trading on May 4, 2020. Interested parties are invited to participate on the call by dialing (800) 789-3525, or (442) 268-1041 for international calls, (Conference ID: 6939844) at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on Centennial’s website or by phone at (855) 859-2056 (Conference ID: 6939844) for a 14-day period following the call.
- 05/01/2020
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Why Oil Stocks Are Slumping Today
- The volatility in the oil and gas markets continues.
- 05/01/2020
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WDC, CCL among premarket losers
- Pixelworks (NASDAQ:PXLW) -19% on Q1 earnings.Second Sight Medical Products (NASDAQ:EYES) -12% after pricing equity offering.Western Digital (NASDAQ:WDC) -11% after suspending dividend.VIVUS (NASDAQ:VV
- 05/01/2020
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Centennial Resource Development (NASDAQ:CDEV) Raised to Hold at ValuEngine
- Centennial Resource Development (NASDAQ:CDEV) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports. Several other research firms also recently commented on CDEV. TD Securities decreased their price target on shares of Centennial Resource Development from $5.50 to $3.50 and set […]
- 05/01/2020
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.55%
- U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.55%
- 05/01/2020
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Unusually active option classes on open April 30th CDEV;TJX;SIRI;MRO;HOG;LVS;LUV;HAL;EFA;CCL
- Unusually active option classes on open April 30th CDEV TJX SIRI MRO HOG LVS LUV HAL EFA CCL
- 04/30/2020
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Why Centennial (CDEV) Might Surprise This Earnings Season
- Centennial (CDEV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/30/2020
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Why Centennial (CDEV) Might Surprise This Earnings Season
- Centennial (CDEV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/30/2020
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OSTK, AR among premarket gainers
- LMP Automotive Holdings (NASDAQ:LMPX) +35%.AgEagle Aerial Systems (NYSEMKT:UAVS) +27%.Soligenix (NASDAQ:SNGX) +25% on positive SGX301 data.Secoo Holding (NASDAQ:SECO) +26% on share repurchase program.
- 04/30/2020
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16 Energy Stocks Moving In Thursday's Pre-Market Session
- Gainers
• QEP Resources, Inc. (NYSE:QEP) shares moved upwards by 92.08% to $1.31 during Thursday's pre-market session. The most recent rating by Piper Sandler, on Mar 31...
- 04/30/2020
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35 Stocks Moving in Thursday's Pre-Market Session
- Gainers
QEP Resources, Inc. (NYSE: QEP) shares rose 68.5% to $1.21 in pre-market trading after the company reported strong Q1 earnings.
AgEagle Aerial Systems, Inc. (NYSE: UAVS)...
- 04/30/2020
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Centennial Resource Development (NASDAQ:CDEV) Shares Gap Up to $0.79
- Centennial Resource Development Inc (NASDAQ:CDEV) shares gapped up before the market opened on Wednesday . The stock had previously closed at $0.66, but opened at $0.79. Centennial Resource Development shares last traded at $1.03, with a volume of 40,793,699 shares trading hands. A number of research analysts have commented on CDEV shares. Cowen downgraded Centennial […]
- 04/30/2020
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U.S. RESEARCH ROUNDUP- Hormel Foods, Tyson Foods, Zebra Technologies
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Hormel Foods, Tyson Foods and Zebra Technologies, on
Wednesday.
HIGHLIGHTS
* Cincinnati Financial Corp : Credit Suisse cuts to neutral from outperform
* Hormel Foods Corp : Piper Sandler cuts to neutral from overweight
* Tapestry Inc : BTIG starts with neutral rating
* Tyson Foods Inc : Piper Sandler cuts to neutral from overweight
* Zebra Technologies Corp : Needham raises target price to $250 from $230
Following is a summary of research actions on U.S. companies reported by Reuters on Wednesday.
Stock entries are in alphabetical order.
* 3M Co : Citigroup raises price target to $170 from $146
* 3M Co : Credit Suisse raises target price to $180 from $165
* 3M Co : Deutsche Bank raises price target to $163 from $158
* 3M Co : RBC raises target price to $148 from $143
* Advanced Micro Devices Inc : Instinet raises target price to $64 from $58
* Advanced Micro Devices Inc : Jefferies raises target price to $63 from $54
* Advanced Micro Devices Inc : Mizuho raises target price to $59 from $55
* Advanced Micro Devices Inc : Rosenblatt Securities raises PT to $70 from $65
* Advanced Micro Devices Inc : UBS raises target price to $52 from $48
* Advanced Micro Devices Inc : Wedbush raises target price to $60 from $57
* Advanced Micro Devices Inc : Wells Fargo raises price target to $55 from $50
* Aercap Holdings NV : Credit Suisse cuts target price to $46 from $72
* Aerojet Rocketdyne Holdings Inc : Jefferies cuts price target to $55 from $60
* Aerojet Rocketdyne Holdings Inc : SunTrust Robinson cuts PT to $56 from $59
* AGNC Investment Corp : UBS cuts target price to $13 from $18
* Air Lease Corp : Credit Suisse cuts target price to $38 from $55
* Akamai Technologies Inc : Cowen and Company raises target price to $107 from $100
* Akamai Technologies Inc : Craig-Hallum raises target price to $120 from $115
* Akamai Technologies Inc : RBC raises target price to $94 from $91
* Akamai Technologies Inc : SunTrust Robinson raises price target to $117 from $108
* Alliancebernstein Holding LP : Citigroup raises price target to $31 from $27
* Alliancebernstein Holding LP : Credit Suisse raises price target to $22 from $19
* Alliancebernstein Holding LP : KBW raises target price to $25 from $20
* Alphabet Inc : Baird raises target price to $1,500 from $1,400
* Alphabet Inc : Deutsche Bank raises price target to $1625 from $1515
* Alphabet Inc : JP Morgan raises price target to $1505 from $1340
* Alphabet Inc : Baird raises target price to $1,500 from $1,400
* Alphabet Inc : BMO raises target price to $1,550 from $1,400
* Alphabet Inc : BofA Global Research raises price objective to $1,420 from $1,372
* Alphabet Inc : Cowen and Company raises target price to $1525 from $1450
* Alphabet Inc : Credit Suisse raises target price to $1,600 from $1500
* Alphabet Inc : Instinet raises target price to $1,700 from $1,680
* Alphabet Inc : JP Morgan raises price target to $1505 from $1340
* Alphabet Inc : Mizuho raises target price to $1,560 from $1,500
* Alphabet Inc : MKM Partners raises price target to $1,500 from $1,400
* Alphabet Inc : Monness Crespi Hardt raises target price to $1,420 from $1,350
* Alphabet Inc : Stifel raises target price to $1400 from $1300
* Alphabet Inc : SunTrust Robinson raises price target to $1550 from $1350
* Alphabet Inc : Susquehanna cuts target price to $1550 from $1800
* Alphabet Inc : UBS raises target price to $1600 from $1530
* Alphabet Inc : Wedbush raises target price to $1,550 from $1,375
* Alpine Income Property Trust Inc : D.A. Davidson cuts target price to $15 from $22
* Alteryx Inc : Citigroup cuts price target to $160 from $175
* American Homes 4 Rent : Credit Suisse cuts target price to $25 from $27
* Amkor Technology Inc : Citigroup cuts price target to $9.2 from $12
* Annaly Capital Management Inc : UBS cuts target price to $6 from $9
* Antero Resources Corp : Cowen and Company raises target price to $1.75 from $1.5
* Apache Corp : Citigroup raises price target to $11 from $9
* Apache Corp : SunTrust Robinson raises price target to $11 from $10
* Apergy Corp : Evercore ISI raises target price to $12 from $11
* Aptinyx Inc : H.C. Wainwright starts with buy rating; price target $7
* Artisan Partners Asset Management Inc : Jefferies raises PT to $26 from $22
* Arvinas Inc : Guggenheim raises target price to $66 from $50
* Arvinas Inc : H.C. Wainwright raises price target to $60 from $50
* Arvinas Inc : Wedbush raises target price to $62 from $60
* Atlantic Union Bankshares : Compass Point cuts target price to $25 from $31
* Atlantic Union Bankshares : Raymond James cuts to market perform from outperform
* Automatic Data Processing Inc : Evercore ISI cuts target price to $188 from $212
* Avangrid Inc : Wells Fargo cuts price target to $47 from $52
* Banner Corp : Piper Sandler raises target price to $40 from $35
* Banner Corp : Raymond James raises target price to $42 from $36
* Bausch Health Companies Inc : BMO cuts price target to $23 from $28
* Benefitfocus Inc : Raymond James cuts target price to $15 from $16
* Bluegreen Vacations Corp : SunTrust Robinson cuts price target to $7 from $9
* Blueprint Medicines Corp : BMO cuts target price to $75 from $89
* Blueprint Medicines Corp : Canccord Genuity cuts target price to $100 from $115
* Blueprint Medicines Corp : Guggenheim cuts target price to $94 from $110
* Blueprint Medicines Corp : H.C. Wainwright cuts price target to $66 from $100
* Blueprint Medicines Corp : Jefferies cuts target price to $85 from $105
* Blueprint Medicines Corp : Raymond James cuts target price to $95 from $112
* Blueprint Medicines Corp : SVB Leerink cuts target price to $105 from $125
* Boot Barn Holdings Inc : Piper Sandler cuts target price to $23 from $28
* Boyd Gaming Corp : Deutsche Bank cuts price target to $22 from $42
* Boyd Gaming Corp : Jefferies raises target price to $18 from $12
* Boyd Gaming Corp : JP Morgan cuts target price to $20 from $39
* Boyd Gaming Corp : SunTrust Robinson raises price target to $20 from $18
* Boyd Gaming Corp : Union Gaming cuts rating to hold
* Brookfield Property Partners LP : Evercore ISI cuts target price to $14 from $15.50
* Business First Bancshares : Raymond James cuts to market perform from strong buy
* Cabot Oil & Gas Corp : Cowen and Company raises target price to $25 from $21
* Callon Petroleum Co : Cowen and Company cuts target price to $0.
- 04/29/2020
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Centennial Resource Development (NASDAQ:CDEV) Lowered to Hold at US Capital Advisors
- US Capital Advisors cut shares of Centennial Resource Development (NASDAQ:CDEV) from a buy rating to a hold rating in a research note published on Friday, The Fly reports. US Capital Advisors also issued estimates for Centennial Resource Development’s Q1 2020 earnings at $0.15 EPS, Q2 2020 earnings at ($0.07) EPS, Q3 2020 earnings at ($0.04) […]
- 04/28/2020
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CENTENNIAL RES (CDEV) Expected to Beat Earnings Estimates: Should You Buy?
- CENTENNIAL RES (CDEV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/27/2020
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Centennial Resource Development: Minimizing Cash Flow Burn
- Centennial Resource Development, which has been burning cash flows, was forced to aggressively reduce CapEx after oil prices plunged, and the company may announ
- 04/27/2020
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Centennial Resource Development (NASDAQ:CDEV) Given Hold Rating at Royal Bank of Canada
- Centennial Resource Development (NASDAQ:CDEV)‘s stock had its “hold” rating reissued by stock analysts at Royal Bank of Canada in a report released on Friday, TipRanks reports. They presently have a $1.50 price target on the oil and natural gas company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 143.90% from […]
- 04/27/2020
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Equities Analysts Set Expectations for Centennial Resource Development Inc's Q2 2020 Earnings (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Equities researchers at US Capital Advisors dropped their Q2 2020 earnings per share (EPS) estimates for Centennial Resource Development in a research report issued to clients and investors on Thursday, April 23rd. US Capital Advisors analyst C. Horwitz now forecasts that the oil and natural gas company will post […]
- 04/27/2020
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Piper Sandler Weighs in on Centennial Resource Development Inc's Q1 2020 Earnings (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Investment analysts at Piper Sandler raised their Q1 2020 EPS estimates for Centennial Resource Development in a report issued on Thursday, April 23rd. Piper Sandler analyst K. Harrison now forecasts that the oil and natural gas company will post earnings per share of ($0.06) for the quarter, up from […]
- 04/27/2020
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Centennial Resource Development (CDEV) Receives a Hold from RBC Capital
- In a report issued on April 24, Scott Hanold from RBC Capital reiterated a Hold rating on Centennial Resource Development (CDEV), with a price target of
- 04/27/2020
|
Centennial Resource Development (CDEV) Receives a Hold from RBC Capital
- In a report issued on April 24, Scott Hanold from RBC Capital reiterated a Hold rating on Centennial Resource Development
- 04/27/2020
|
Centennial Resource Development (NASDAQ:CDEV) Upgraded to Sell by ValuEngine
- Centennial Resource Development (NASDAQ:CDEV) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports. A number of other research analysts have also recently commented on the stock. TD Securities dropped their target price on shares of Centennial Resource Development from […]
- 04/26/2020
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Ladenburg Thalmann Financial Services Inc. Lowers Stock Position in Centennial Resource Development Inc (NASDAQ:CDEV)
- Ladenburg Thalmann Financial Services Inc. lessened its holdings in Centennial Resource Development Inc (NASDAQ:CDEV) by 93.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,485 shares of the oil and natural gas company’s stock after selling 35,632 shares during the quarter. Ladenburg Thalmann […]
- 04/25/2020
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SunTrust Banks Brokers Cut Earnings Estimates for Centennial Resource Development Inc (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Analysts at SunTrust Banks dropped their Q1 2020 earnings estimates for Centennial Resource Development in a report released on Monday, April 20th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will post earnings of ($0.08) per share for the quarter, down from their […]
- 04/25/2020
|
Investors Buy Large Volume of Centennial Resource Development Call Options (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) was the target of unusually large options trading on Friday. Stock investors acquired 2,681 call options on the stock. This is an increase of approximately 380% compared to the average volume of 558 call options. Centennial Resource Development stock opened at $0.62 on Friday. The company has a debt-to-equity ratio […]
- 04/25/2020
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US Capital Advisors Research Analysts Cut Earnings Estimates for Centennial Resource Development Inc (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Research analysts at US Capital Advisors lowered their Q1 2020 earnings estimates for Centennial Resource Development in a research report issued to clients and investors on Thursday, April 23rd. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share […]
- 04/25/2020
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Why Centennial Resource Development, Inc.’s (NASDAQ:CDEV) Return On Capital Employed Might Be A Concern
- Today we’ll look at Centennial Resource Development, Inc. (
NASDAQ:CDEV
) and reflect on its potential as an investment. Specifically, we’ll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the b
- 04/24/2020
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Contrasting Centennial Resource Development (NASDAQ:CDEV) and EQT (NASDAQ:EQT)
- Centennial Resource Development (NASDAQ:CDEV) and EQT (NYSE:EQT) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their valuation, risk, dividends, analyst recommendations, profitability, institutional ownership and earnings. Analyst Ratings This is a breakdown of recent ratings and price targets for Centennial Resource Development […]
- 04/24/2020
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Centennial Resource Development, Inc. Announces Commencement of Exchange Offers and Consent Solicitations for Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027
- DENVER, April 22, 2020 -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its operating subsidiary, Centennial.
- 04/23/2020
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Centennial Resource Development, Inc. Announces Commencement of Exchange Offers and Consent Solicitations for Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027
- DENVER, April 22, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its...
- 04/23/2020
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Implied Volatility Surging for Centennial (CDEV) Stock Options
- Investors need to pay close attention to Centennial (CDEV) stock based on the movements in the options market lately.
- 04/22/2020
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Implied Volatility Surging for Centennial (CDEV) Stock Options
- Investors need to pay close attention to Centennial (CDEV) stock based on the movements in the options market lately.
- 04/22/2020
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-$0.02 EPS Expected for Centennial Resource Development Inc (NASDAQ:CDEV) This Quarter
- Wall Street analysts predict that Centennial Resource Development Inc (NASDAQ:CDEV) will post ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Centennial Resource Development’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.23. Centennial Resource Development posted earnings per share of $0.08 […]
- 04/20/2020
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Geode Capital Management LLC Cuts Stock Position in Centennial Resource Development Inc (NASDAQ:CDEV)
- Geode Capital Management LLC lessened its stake in Centennial Resource Development Inc (NASDAQ:CDEV) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,409,072 shares of the oil and natural gas company’s stock after selling 98,621 shares during the quarter. Geode Capital Management […]
- 04/20/2020
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Week In Review: How Trump's Policies Moved Stocks -Saturday, April 18
- Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly.
- 04/18/2020
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Week in Review: How Trump's policies moved stocks BP;CVX;COP;XOM;RDS.A;RDS.B;TOT;AR;SM;CPE;OAS;LPI;XOG;CPG;CDEV;WLL;PDCE;ALK;AAL;DAL;JBLU;LUV;SAVE;UAL;GOOGL;GOOG;AAPL
- Week in Review: How Trump's policies moved stocks BP CVX COP XOM RDS.A RDS.B TOT AR SM CPE OAS LPI XOG CPG CDEV WLL PDCE ALK AAL DAL JBLU LUV SAVE UAL GOOGL GOOG AAPL
- 04/18/2020
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Bank of New York Mellon Corp Has $4.64 Million Position in Centennial Resource Development Inc (NASDAQ:CDEV)
- Bank of New York Mellon Corp increased its holdings in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,003,922 shares of the oil and natural gas company’s stock after acquiring an additional 190,539 shares […]
- 04/17/2020
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U.S. weighs paying oil drillers not to drill to ease oil glut, Bloomberg says BP;CVX;COP;XOM;RDS.A;RDS.B;TOT;MTR;AR;SM;CPE;OAS;LPI;XOG;CPG;CDEV;WLL;PDCE
- U.S. weighs paying oil drillers not to drill to ease oil glut, Bloomberg says BP CVX COP XOM RDS.A RDS.B TOT MTR AR SM CPE OAS LPI XOG CPG CDEV WLL PDCE
- 04/15/2020
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U.S. weighs paying oil drillers not to drill to ease oil glut, Bloomberg says BP;CVX;COP;XOM;RDS.A;TOT;MTR;AR;SM;CPE;OAS;LPI;XOG;CPG;CDEV;WLL;PDCE
- U.S. weighs paying oil drillers not to drill to ease oil glut, Bloomberg says BP CVX COP XOM RDS.A TOT MTR AR SM CPE OAS LPI XOG CPG CDEV WLL PDCE
- 04/15/2020
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Cubist Systematic Strategies LLC Cuts Position in Centennial Resource Development Inc (NASDAQ:CDEV)
- Cubist Systematic Strategies LLC decreased its holdings in Centennial Resource Development Inc (NASDAQ:CDEV) by 65.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 102,027 shares of the oil and natural gas company’s stock after selling 189,990 shares during the period. Cubist Systematic Strategies LLC’s holdings in Centennial […]
- 04/11/2020
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Centennial Resource Development (NASDAQ:CDEV) Downgraded by Scotiabank to "Sector Underperform"
- Scotiabank downgraded shares of Centennial Resource Development (NASDAQ:CDEV) from a sector perform rating to a sector underperform rating in a research note issued to investors on Tuesday, The Fly reports. Other equities analysts also recently issued research reports about the company. Stephens downgraded Centennial Resource Development to a sell rating and set a $1.00 price […]
- 04/11/2020
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Bank of America Corp DE Purchases 216,415 Shares of Centennial Resource Development Inc (NASDAQ:CDEV)
- Bank of America Corp DE boosted its position in Centennial Resource Development Inc (NASDAQ:CDEV) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,447,896 shares of the oil and natural gas company’s stock after purchasing an additional 216,415 shares during the quarter. […]
- 04/10/2020
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Extraction Oil & Gas (OTCMKTS:CDEV) Shares Up 4.3%
- Extraction Oil & Gas (OTCMKTS:CDEV)’s stock price shot up 4.3% during trading on Thursday . The stock traded as high as $0.44 and last traded at $0.35, 24,752,398 shares were traded during mid-day trading. An increase of 146% from the average session volume of 10,066,881 shares. The stock had previously closed at $0.34. Separately, SunTrust […]
- 04/10/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Given Average Recommendation of "Hold" by Brokerages
- Shares of Centennial Resource Development Inc (NASDAQ:CDEV) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. […]
- 04/09/2020
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Goldman Sachs Group Inc. Cuts Stake in Centennial Resource Development Inc (NASDAQ:CDEV)
- Goldman Sachs Group Inc. cut its stake in Centennial Resource Development Inc (NASDAQ:CDEV) by 53.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,606,982 shares of the oil and natural gas company’s stock after selling 1,824,896 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Centennial Resource Development were worth $7,424,000 as of […]
- 04/07/2020
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U.S. Shale - Who Will Survive
- Shale companies are in survival mode, some won’t make it. A confluence of negatives is hammering oil prices. Trump & OPEC & Russia may intervene. In any case, b
- 04/06/2020
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Renaissance Technologies LLC Makes New Investment in Centennial Resource Development Inc (NASDAQ:CDEV)
- Renaissance Technologies LLC bought a new position in shares of Centennial Resource Development Inc (NASDAQ:CDEV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 638,400 shares of the oil and natural gas company’s stock, valued at approximately $2,949,000. Other hedge […]
- 04/06/2020
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Centennial Resource Development (NASDAQ:CDEV) Downgraded to "Underperform" at Wolfe Research
- Wolfe Research downgraded shares of Centennial Resource Development (NASDAQ:CDEV) to an underperform rating in a research note issued to investors on Thursday, The Fly reports. A number of other research firms have also commented on CDEV. MKM Partners decreased their price objective on Centennial Resource Development from $5.00 to $4.00 and set a buy rating […]
- 04/06/2020
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Centennial Resource Development (NASDAQ:CDEV) Shares Gap Up to $0.29
- Centennial Resource Development Inc (NASDAQ:CDEV)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.32, but opened at $0.29. Centennial Resource Development shares last traded at $0.33, with a volume of 10,993,393 shares trading hands. CDEV has been the subject of several research reports. Piper Sandler downgraded Centennial […]
- 04/05/2020
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OPEC+ Rejoice: U.S. Production Cuts On The Way
- Late in 2019, OPEC+ predicted shale would grow by 4 mmbpd by 2025, further eating into its market share. The combination of recent market share threats and COVI
- 04/04/2020
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19 Energy Stocks Moving In Friday's Pre-Market Session
- Gainers
• Centennial Resource Dev, Inc. (NASDAQ:CDEV) shares increased by 15.36% to $0.34 during Friday's pre-market session. The most recent rating by UBS, on Mar 31, is...
- 04/03/2020
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Centennial Resource Development Inc to Post Q1 2020 Earnings of ($0.08) Per Share, Piper Sandler Forecasts (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Research analysts at Piper Sandler dropped their Q1 2020 earnings per share (EPS) estimates for shares of Centennial Resource Development in a research note issued to investors on Monday, March 30th. Piper Sandler analyst K. Harrison now expects that the oil and natural gas company will post earnings of […]
- 04/03/2020
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Centennial Resource Development (CDEV) Receives a Hold from Wells Fargo
- In a report released yesterday, Thomas Hughes CFA from Wells Fargo maintained a Hold rating on Centennial Resource Development (CDEV). The company's
- 04/03/2020
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Centennial Resource Development (CDEV) Receives a Hold from Wells Fargo
- In a report released yesterday, Thomas Hughes CFA from Wells Fargo maintained a Hold rating on Centennial Resource Development (CDEV
- 04/03/2020
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Centennial Resource Development (NASDAQ:CDEV) Rating Increased to Sell at ValuEngine
- Centennial Resource Development (NASDAQ:CDEV) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports. A number of other research firms have also recently commented on CDEV. Credit Suisse Group reissued a “neutral” rating on shares of Centennial Resource […]
- 04/02/2020
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Head to Head Analysis: Centennial Resource Development (NASDAQ:CDEV) & Approach Resources (NASDAQ:AREX)
- Centennial Resource Development (NASDAQ:CDEV) and Approach Resources (NASDAQ:AREX) are both small-cap oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, valuation, earnings, analyst recommendations and risk. Earnings & Valuation This table compares Centennial Resource Development and Approach Resources’ top-line revenue, […]
- 04/01/2020
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14 Energy Stocks Moving In Tuesday's Pre-Market Session
- Gainers
• Centennial Resource Dev, Inc. (NASDAQ:CDEV) shares increased by 20.85% to $0.32 during Tuesday's pre-market session. The most recent rating by KeyBanc, on Mar...
- 03/31/2020
|
40 Stocks Moving in Tuesday's Pre-Market Session
- Gainers
EyeGate Pharmaceuticals, Inc. (NASDAQ: EYEG) shares rose 85% to $7.53 in pre-market trading after announcing topline data in follow-on dry eye pilot study.
Superconductor...
- 03/31/2020
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Here's Why You Should Hold on to Centennial Resource Now
- Centennial Resource Development's (CDEV) strong balance sheet can provide it with financial flexibility for growth projects.
- 03/30/2020
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Here's Why You Should Hold on to Centennial Resource Now
- Centennial Resource Development's (CDEV) strong balance sheet can provide it with financial flexibility for growth projects.
- 03/30/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 3.19%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 3.19%
- 03/30/2020
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Aequim Alternative Investments LP Buys Shares of 275,000 Centennial Resource Development Inc (NASDAQ:CDEV)
- Aequim Alternative Investments LP bought a new stake in shares of Centennial Resource Development Inc (NASDAQ:CDEV) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 275,000 shares of the oil and natural gas company’s stock, valued at approximately $1,271,000. Aequim Alternative Investments LP owned […]
- 03/29/2020
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Hedges take center stage as oil-price collapse upends industry plans in Colorado
- As oil and gas companies cut back their 2020 production plans in the face of global crisis, the hedges companies have in place — and how much of their oil production is covered by them — could end up being a critical lifeline. “It really helps stabilize their business and stabilize their cash flow,” said Justin Carlson, co-founder and chief strategy officer of East Daley Capital, an oil and gas industry analysis firm based in Centennial. In good times, hedging can limit the upside price a company sees from its oil.
- 03/27/2020
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Centennial Resource CEO to move up retirement to March 31
- Centennial Resource Development (CDEV -14.4%) says Mark Papa will accelerate the timing of his retirement as Chairman and CEO to March 31 instead of May 31.The company's previously announced leadershi
- 03/27/2020
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Centennial Resource Development Announces Leadership Changes
- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) today announced it is implementing its previously announced leadership transition plan in light of the fact that Mark G. Papa has elected to accelerate the timing of his retirement as Chairman and Chief Executive Officer of the Company to March 31, 2020. As a result, the Board of Directors’ (the “Board”) previously announced leadership transition will be effective April 1, 2020. Current Director Steven J. Shapiro has been named non-executive Chairman of the Board.
- 03/27/2020
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Centennial Resource Development Announces Leadership Changes
- DENVER, March 27, 2020 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced it is...
- 03/27/2020
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11 Energy Stocks Moving In Friday's Pre-Market Session
- Gainers
• Centennial Resource Dev, Inc. (NASDAQ:CDEV) stock surged 4.05% to $0.44 during Friday's pre-market session. The most recent rating by KeyBanc, on Mar 26, is at...
- 03/27/2020
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Brokerages Anticipate Centennial Resource Development Inc (NASDAQ:CDEV) Will Announce Quarterly Sales of $228.70 Million
- Equities analysts expect that Centennial Resource Development Inc (NASDAQ:CDEV) will report sales of $228.70 million for the current quarter, according to Zacks. Six analysts have provided estimates for Centennial Resource Development’s earnings. The highest sales estimate is $254.41 million and the lowest is $213.28 million. Centennial Resource Development reported sales of $214.57 million during the […]
- 03/27/2020
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E&Ps 'may bend but won't break' in bank meetings, analyst says
- Liquidity for the shale sector "may bend but won't break" during the upcoming borrowing base re-determination season in April-May, says Wells Fargo analyst Nitin Kumar.E&Ps including Anter
- 03/26/2020
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CENTENNIAL RES (CDEV) Down 80.4% Since Last Earnings Report: Can It Rebound?
- CENTENNIAL RES (CDEV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 03/25/2020
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CENTENNIAL RES (CDEV) Down 80.4% Since Last Earnings Report: Can It Rebound?
- CENTENNIAL RES (CDEV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 03/25/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Expected to Post Earnings of $0.04 Per Share
- Equities research analysts expect Centennial Resource Development Inc (NASDAQ:CDEV) to report earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Centennial Resource Development’s earnings, with estimates ranging from ($0.06) to $0.24. Centennial Resource Development posted earnings per share of $0.08 during the same quarter last […]
- 03/25/2020
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Centennial Resource Development (NASDAQ:CDEV) Stock Rating Lowered by Stephens
- Centennial Resource Development (NASDAQ:CDEV) was downgraded by analysts at Stephens to a “sell” rating in a research report issued to clients and investors on Friday, TipRanks reports. They currently have a $1.00 price target on the oil and natural gas company’s stock. Stephens’ target price would suggest a potential upside of 92.31% from the stock’s […]
- 03/23/2020
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KeyCorp Equities Analysts Decrease Earnings Estimates for Centennial Resource Development Inc (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Stock analysts at KeyCorp lowered their Q1 2021 EPS estimates for shares of Centennial Resource Development in a report issued on Thursday, March 19th. KeyCorp analyst L. Mariani now anticipates that the oil and natural gas company will post earnings per share of ($0.01) for the quarter, down from […]
- 03/23/2020
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Remote Detonation
- This week, the AMZ added 3 more top 10 worst days to the list, followed by 2 top 10 best days ever. Six of the top 10 all-time worst days for the AMZ and 5 of t
- 03/22/2020
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Centennial Resource Development: Going Into Conservation Mode To Limit Cash Burn
- Centennial has cut capex by 50% in 2020 and also hedged oil production at $26.08 per barrel. It should be able to end up with limited cash burn in 2020 at curre
- 03/21/2020
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Centennial Resource Production, LLC -- Moody's downgrades Centennial's notes to Caa2; changes outlook to negative
- Moody's Investors Service, ("Moody's") downgraded Centennial Resource Production, LLC's (CRP) Corporate Family Rating (CFR) to B3 from B1, Probability of Default Rating to B3-PD from B1-PD and ratings on its senior unsecured notes to Caa2 from B3.
- 03/20/2020
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Centennial Curbs 2020 Capex to Half Amid Weak Crude Prices
- Centennial Resource (CDEV) trims its operated rig count to one from five in early March.
- 03/20/2020
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Centennial Curbs 2020 Capex to Half Amid Weak Crude Prices
- Centennial Resource (CDEV) trims its operated rig count to one from five in early March.
- 03/20/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Shares Sold by Credit Suisse AG
- Credit Suisse AG cut its stake in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 53.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,186,649 shares of the oil and natural gas company’s stock after selling 1,377,889 shares during the quarter. […]
- 03/20/2020
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Need To Know: Analysts Just Made A Substantial Cut To Their Centennial Resource Development, Inc. (NASDAQ:CDEV) Estimates
- The analysts covering Centennial Resource Development, Inc. (NASDAQ:CDEV) delivered a dose of negativity to...
- 03/20/2020
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Centennial Resource Development Provides Update to 2020 Capital Program
- As a result of the recent decline in crude oil prices and ongoing uncertainty regarding the oil supply-demand macro environment, Centennial Resource Development, Inc. (“Centennial” or the “Company”) (CDEV) today announced that it has reduced its operated rig program from five rigs at the beginning of the month to one currently. As a result, the Company anticipates that its capital expenditure budget for 2020 will be approximately fifty percent lower than the annual guidance ranges provided in late February, assuming the Company continues to run one rig for the remainder of the year. Centennial will continue to monitor changes in commodity prices and may further adjust its capital program for the remainder of the year in response to such changes.
- 03/19/2020
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Centennial Resource Development Provides Update to 2020 Capital Program
- DENVER, March 19, 2020 (GLOBE NEWSWIRE) -- As a result of the recent decline in crude oil prices and ongoing uncertainty regarding the oil supply-demand...
- 03/19/2020
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Alyeska Investment Group L.P. Raises Stock Holdings in Centennial Resource Development Inc (NASDAQ:CDEV)
- Alyeska Investment Group L.P. boosted its holdings in Centennial Resource Development Inc (NASDAQ:CDEV) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,600,833 shares of the oil and natural gas company’s stock after buying an additional 1,436,390 shares during the quarter. Alyeska […]
- 03/19/2020
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Centennial Resource Development (CDEV) Receives a Hold from Wells Fargo
- Wells Fargo analyst Thomas Hughes CFA maintained a Hold rating on Centennial Resource Development (CDEV) yesterday. The company's shares closed last
- 03/19/2020
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As stock market liquidity “evaporates,” Goldman predicts lightly traded shares will provide big gains
- As the major U.S. stock-market indices continue languish in bear-market territory, investors are looking for signs of a market bottom and preparing a wish list of potential bargains in anticipation of a recovery. One factor investors should consider are low liquidity stocks, according to a Monday research note by Goldman Sachs analysts, led by Ryan Hammond. On Tuesday, the Dow Jones Industrial Average (DJIA) the S&P; 500 index (SPX) and the Nasdaq Composite index (COMP) were trading roughly 30% below their record highs notched in February, in what Goldman describes as “the quickest bear market on record.”
- 03/17/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 5.20%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 5.20%
- 03/17/2020
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The Biggest Of All Short Squeezes Is Potentially Here
- There have been a series of crowded trades that have unwound in the financial markets the last several years. Beginning with the unwind of the short volatility
- 03/15/2020
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Need To Know: Centennial Resource Development, Inc. (NASDAQ:CDEV) Insiders Have Been Buying Shares
- It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
- 03/15/2020
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Charles Schwab Investment Management Inc. Has $4.01 Million Stake in Centennial Resource Development Inc (NASDAQ:CDEV)
- Charles Schwab Investment Management Inc. lifted its holdings in shares of Centennial Resource Development Inc (NASDAQ:CDEV) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 867,219 shares of the oil and natural gas company’s stock after acquiring an additional 44,564 shares during the period. Charles Schwab Investment Management Inc.’s holdings in […]
- 03/15/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Given Consensus Recommendation of "Hold" by Brokerages
- Shares of Centennial Resource Development Inc (NASDAQ:CDEV) have been assigned an average recommendation of “Hold” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The […]
- 03/15/2020
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KeyCorp Analysts Decrease Earnings Estimates for Centennial Resource Development Inc (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Equities research analysts at KeyCorp dropped their Q1 2021 earnings estimates for shares of Centennial Resource Development in a report issued on Monday, March 9th. KeyCorp analyst L. Mariani now forecasts that the oil and natural gas company will post earnings of $0.03 per share for the quarter, down […]
- 03/13/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) to Post Q2 2020 Earnings of ($0.16) Per Share, Piper Sandler Forecasts
- Centennial Resource Development Inc (NASDAQ:CDEV) – Investment analysts at Piper Sandler lifted their Q2 2020 earnings per share estimates for Centennial Resource Development in a report released on Tuesday, March 10th. Piper Sandler analyst K. Harrison now anticipates that the oil and natural gas company will earn ($0.16) per share for the quarter, up from […]
- 03/13/2020
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Centennial Resource Development Inc (NASDAQ:CDEV) Shares Sold by Citigroup Inc.
- Citigroup Inc. lowered its holdings in Centennial Resource Development Inc (NASDAQ:CDEV) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,459 shares of the oil and natural gas company’s stock after selling 26,114 shares during the period. Citigroup Inc. owned about […]
- 03/12/2020
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Wells Fargo & Co Lowers Centennial Resource Development (NASDAQ:CDEV) Price Target to $3.00
- Centennial Resource Development (NASDAQ:CDEV) had its target price cut by equities research analysts at Wells Fargo & Co from $6.00 to $3.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the oil and natural gas company’s stock. Several other research analysts also recently commented on […]
- 03/12/2020
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Q1 2020 EPS Estimates for Centennial Resource Development Inc Reduced by Analyst (NASDAQ:CDEV)
- Centennial Resource Development Inc (NASDAQ:CDEV) – Equities researchers at Piper Sandler reduced their Q1 2020 EPS estimates for shares of Centennial Resource Development in a research report issued on Sunday, March 8th. Piper Sandler analyst K. Harrison now anticipates that the oil and natural gas company will post earnings per share of ($0.04) for the […]
- 03/12/2020
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Oil Producer Stocks Getting Smashed by Today's OPEC Announcement
- Two of the world's biggest oil-producing nations are planning to flood global oil markets. That's bad news for U.S. producers.
- 03/11/2020
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Cowen upgrades Cimarex, downgrades eight others in U.S. E&P reshuffle XEC;CPE;SM;LONE;RRC;WLL;OAS;XOG;CDEV
- Cowen upgrades Cimarex, downgrades eight others in U.S. E&P reshuffle Cowen XEC CPE SM LONE RRC WLL OAS XOG CDEV
- 03/11/2020
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Centennial Resource Development (NASDAQ:CDEV) Rating Lowered to Underweight at Piper Sandler
- Centennial Resource Development (NASDAQ:CDEV) was downgraded by stock analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Monday, The Fly reports. Several other brokerages have also weighed in on CDEV. TD Securities reduced their price objective on Centennial Resource Development from $5.50 […]
- 03/11/2020
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ValuEngine Downgrades Centennial Resource Development (NASDAQ:CDEV) to Strong Sell
- Centennial Resource Development (NASDAQ:CDEV) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday, ValuEngine reports. A number of other equities research analysts have also commented on CDEV. MKM Partners dropped their price target on Centennial Resource Development from $5.00 to $4.00 and […]
- 03/11/2020
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Royal Bank of Canada Downgrades Centennial Resource Development (NASDAQ:CDEV) to Sector Perform
- Centennial Resource Development (NASDAQ:CDEV) was downgraded by Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $2.50 target price on the oil and natural gas company’s stock, down from their prior target price […]
- 03/11/2020
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The United States Natural Gas Fund Was Up On A Historic Down Day For Energy
- Yesterday, Monday, March 9th, 2020 was the worst day for oil prices since 1991. It was an even worse day for the energy equity sector, with many energy stocks d
- 03/10/2020
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Edited Transcript of CDEV earnings conference call or presentation 25-Feb-20 3:00pm GMT
- Q4 2019 Centennial Resource Development Inc Earnings Call
- 03/10/2020
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Shale Marked For Death: Who Dies, Who Thrives
- A root cause of the recent spat between OPEC+ revolves around US shale and what its place in the global energy space should be. While somewhat similar to the oi
- 03/09/2020
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'There is no place to hide in energy'
- Observers are calling on companies to work toward generating more free cash flow by lowering spending and cutting production so they can pay down debt – and maybe acquire wounded competitors.
- 03/09/2020
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Oil-linked stocks see mass of downgrades on potential 'Energy Armageddon' HAL;SLB;HP;HLX;CLB;FET;WHD;AMNA;APA;CHK;DVN;OVV;EOG;MRO;OXY;CDEV;CPE;ESTE;FANG;MTDR;PE;PXD;REI;ROSE;WPX;XEC;CLR;ERF;NOG;WLL;MGY;WTI;SM;PDCE;NBL;BCEI;AXAS;VET;AM;ENLC;ET;OKE;PAA;PAGP;TELL;TRGP;BRY;GPOR;QEP
- Oil-linked stocks see mass of downgrades on potential 'Energy Armageddon' HAL SLB HP HLX CLB FET WHD AMNA APA CHK DVN OVV EOG MRO OXY CDEV CPE ESTE FANG MTDR PE PXD REI ROSE WPX XEC CLR ERF NOG WLL MGY WTI SM PDCE NBL BCEI AXAS VET AM ENLC ET OKE PAA PAGP TELL TRGP BRY GPOR QEP
- 03/09/2020
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Priority Payment Systems, Payix Incorporated announce strategic partnership PRTH
- Priority Payment Systems, Payix Incorporated announce strategic partnership PRTH
- 03/09/2020
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DTE Energy management to meet with KeyBanc DTE
- DTE Energy management to meet with KeyBanc DTE
- 03/09/2020
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