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CDEV

Centennial Resource Development

$9.26

0.18 (1.98%)

08:43
03/22/19
03/22
08:43
03/22/19
08:43

Centennial Resource Development downgraded to Accumulate from Buy at Johnson Rice

  • 01

    May

CDEV Centennial Resource Development
$9.26

0.18 (1.98%)

01/16/19
LEHM
01/16/19
NO CHANGE
LEHM
Barclays upgrades Concho, downgrades Devon, Centennial and Callon
Barclays analyst Jeanine Wai upgraded Concho Resources (CXO) to Overweight from Equal Weight while downgrading both Devon Energy (DVN) and Callon Petroleum (CPE) to Equal Weight from Overweight and double downgrading Centennial Resource Development (CDEV) to Underweight from Overweight. Sustainable free cash flow with growth continues to be the "holy grail" in Exploration and Production, Wai tells investors in a research note. In 2019 the analyst thinks there will be a "distinct bifurcation" among stocks and the "line in the sand" is sustainable free cash flow yield plus growth. Barring a more imminent oil price recovery, Centennial Resource will likely underperform as valuation climbs due to continued cash burn and decelerating cash flow growth, says the analyst. Further, despite carrying some momentum, Callon's valuation screens rich "given less visibility on its journey" to positive free cash flow, adds Wai.
02/26/19
BMOC
02/26/19
DOWNGRADE
Target $10
BMOC
Market Perform
Centennial Resource Development downgraded to Market Perform at BMO Capital
BMO Capital analyst Phillip Jungwirth downgraded Centennial Resource Development to Market Perform from Outperform and cut his price target for the shares to $10 from $20. The company's 2019 production and capital spending guidance came in well below estimates and shows weaker capital efficiency, Jungwirth tells investors in a research note. The analyst views the stock's valuation as stretched on his reduced estimates.
02/27/19
COWN
02/27/19
DOWNGRADE
COWN
Market Perform
Centennial Resource downgraded to Market Perform from Outperform at Cowen
02/27/19
COWN
02/27/19
DOWNGRADE
Target $11
COWN
Market Perform
Centennial Resource Development downgraded after Q4 results at Cowen
As reported previously, Cowen analyst Gabe Daoud downgraded Centennial Resource Development to Market Perform from Outperform. The analyst cited a significant deterioration in his estimates on the back of worse than expected capital efficiency. He said the stock now trades at a high multiple, with no growth and free cash flow. Daoud lowered his price target to $11 from $15 on Centennial Resource Development shares.

TODAY'S FREE FLY STORIES

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BMWYY

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GIS

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NEOG

Neogen

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PRSP

Perspecta

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INSP

Inspire Medical

$64.41

0.14 (0.22%)

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EWW

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$43.37

-0.4 (-0.91%)

, CGC

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$28.82

0.42 (1.48%)

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EWW

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  • 25

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U.S. Philly Fed index fell 4.8 points to 12.0 in September »

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RAMP

LiveRamp

$46.01

-0.4 (-0.86%)

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FANG

Diamondback Energy

$98.23

-2.14 (-2.13%)

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  • 02

    Oct

AYI

Acuity Brands

$134.10

-1.04 (-0.77%)

, ETN

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$84.98

-1.11 (-1.29%)

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ETN

Eaton

$84.98

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  • 02

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NGVT

Ingevity

$87.30

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$38.18

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  • 19

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VEND

Generation NEXT Franchise Brands

$0.00

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TRCO

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$46.66

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DRI

Darden

$127.40

1.31 (1.04%)

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  • 19

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Conference/Events
SEC to hold a closed commission meeting »

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VEND

Generation NEXT Franchise Brands

$0.00

(0.00%)

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TSLA

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-1.36 (-0.56%)

, AUDVF

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$0.00

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