Lazard Ltd (LAZ) Reaches $57.71 52-Week High; Centennial Resource Development (CDEV) Sellers Decreased By 16.4% Their Shorts

January 14, 2018 - By Clifton Ray

Centennial Resource Development (NASDAQ:CDEV) had a decrease of 16.4% in short interest. CDEV’s SI was 15.23 million shares in January as released by FINRA. Its down 16.4% from 18.22M shares previously. With 1.81 million avg volume, 8 days are for Centennial Resource Development (NASDAQ:CDEV)’s short sellers to cover CDEV’s short positions. The SI to Centennial Resource Development’s float is 13.96%. It closed at $20.29 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

The stock of Lazard Ltd (NYSE:LAZ) hit a new 52-week high and has $62.90 target or 9.00% above today’s $57.71 share price. The 8 months bullish chart indicates low risk for the $6.15 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $62.90 price target is reached, the company will be worth $553.68M more. The stock increased 0.77% or $0.44 during the last trading session, reaching $57.71. About 565,806 shares traded. Lazard Ltd (NYSE:LAZ) has risen 35.63% since January 14, 2017 and is uptrending. It has outperformed by 18.93% the S&P500.

Among 11 analysts covering Centennial Resource Development (NASDAQ:CDEV), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Centennial Resource Development had 17 analyst reports since December 9, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Friday, September 1 by Stifel Nicolaus. The firm has “Buy” rating by J.P. Morgan given on Tuesday, August 1. The rating was upgraded by Seaport Global to “Buy” on Tuesday, December 19. On Thursday, April 13 the stock rating was initiated by Stifel Nicolaus with “Buy”. On Friday, December 9 the stock rating was initiated by Wunderlich with “Buy”. The company was maintained on Monday, August 7 by BMO Capital Markets. The company was maintained on Thursday, October 5 by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, October 10 by BMO Capital Markets. The rating was maintained by Citigroup with “Buy” on Friday, October 13. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus.

Centennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas firm in the United States. The company has market cap of $5.28 billion. It focuses on the development of unconventional oil and associated natural gas reserves located in Reeves, Ward, and Pecos counties, West Texas. It has a 92.23 P/E ratio. The firm was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The company has market cap of $6.15 billion. The Company’s Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, corporate preparedness, and various other financial matters. It has a 16.44 P/E ratio. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients.

Analysts await Lazard Ltd (NYSE:LAZ) to report earnings on February, 1. They expect $0.93 EPS, down 17.70% or $0.20 from last year’s $1.13 per share. LAZ’s profit will be $99.14M for 15.51 P/E if the $0.93 EPS becomes a reality. After $0.85 actual EPS reported by Lazard Ltd for the previous quarter, Wall Street now forecasts 9.41% EPS growth.

Among 13 analysts covering Lazard (NYSE:LAZ), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Lazard had 36 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, January 10. The firm earned “Underperform” rating on Wednesday, December 14 by Bank of America. The firm has “Strong Buy” rating given on Wednesday, November 18 by Raymond James. Argus Research maintained it with “Buy” rating and $64 target in Friday, July 24 report. The firm has “Buy” rating given on Wednesday, April 5 by Wood. Credit Suisse maintained Lazard Ltd (NYSE:LAZ) rating on Monday, April 24. Credit Suisse has “Buy” rating and $50 target. The firm has “Neutral” rating given on Tuesday, January 12 by Goldman Sachs. Bank of America upgraded the shares of LAZ in report on Thursday, March 23 to “Neutral” rating. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Wednesday, January 3, the company rating was upgraded by Instinet.

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