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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Centennial (CDEV) in Focus: Stock Moves 9.3% Higher

Zacks Equity Research
·2 min read

Centennial Resource Development, Inc. CDEV was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 39.1% in the past one-month time frame.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Centennial has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Centennial Resource Development, Inc. Price

Centennial Resource Development, Inc. Price
Centennial Resource Development, Inc. Price

Centennial Resource Development, Inc. price | Centennial Resource Development, Inc. Quote

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Investors interested in the Oil and Gas – Exploration and Production – United States industry may consider PDC Energy, Inc. PDCE which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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