Analysts See $0.15 EPS for Centennial Resource Development, Inc. (CDEV); Nucor (NUE) SI Decreased By 27.72%

April 29, 2018 - By Marie Mckinney

Nucor Corporation (NYSE:NUE) Logo

Nucor Corporation (NYSE:NUE) had a decrease of 27.72% in short interest. NUE’s SI was 4.44M shares in April as released by FINRA. Its down 27.72% from 6.14M shares previously. With 2.71 million avg volume, 2 days are for Nucor Corporation (NYSE:NUE)’s short sellers to cover NUE’s short positions. The SI to Nucor Corporation’s float is 1.4%. The stock decreased 1.76% or $1.11 during the last trading session, reaching $62.03. About 2.36M shares traded. Nucor Corporation (NYSE:NUE) has risen 1.23% since April 29, 2017 and is uptrending. It has underperformed by 10.32% the S&P500.

Analysts expect Centennial Resource Development, Inc. (NASDAQ:CDEV) to report $0.15 EPS on May, 9.They anticipate $0.11 EPS change or 275.00% from last quarter’s $0.04 EPS. CDEV’s profit would be $39.58 million giving it 29.68 P/E if the $0.15 EPS is correct. After having $0.11 EPS previously, Centennial Resource Development, Inc.’s analysts see 36.36% EPS growth. The stock decreased 2.04% or $0.37 during the last trading session, reaching $17.81. About 1.17M shares traded. Centennial Resource Development, Inc. (NASDAQ:CDEV) has risen 0.57% since April 29, 2017 and is uptrending. It has underperformed by 10.98% the S&P500.

Among 21 analysts covering Nucor Corporation (NYSE:NUE), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Nucor Corporation had 83 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Monday, October 2 by Longbow. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, November 29 report. Deutsche Bank maintained Nucor Corporation (NYSE:NUE) rating on Monday, December 5. Deutsche Bank has “Buy” rating and $73 target. The stock of Nucor Corporation (NYSE:NUE) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, February 6. The stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Longbow on Monday, June 19. Bank of America maintained it with “Buy” rating and $75.0 target in Monday, January 8 report. The rating was initiated by Standpoint Research on Monday, December 28 with “Hold”. Macquarie Research upgraded Nucor Corporation (NYSE:NUE) on Monday, April 24 to “Neutral” rating. The stock of Nucor Corporation (NYSE:NUE) has “Sector Weight” rating given on Thursday, August 17 by KeyBanc Capital Markets. The firm has “Buy” rating by Bank of America given on Friday, October 20.

Since February 13, 2018, it had 0 insider purchases, and 5 selling transactions for $6.97 million activity. On Monday, March 19 NAPOLITAN RAYMOND S JR sold $520,880 worth of Nucor Corporation (NYSE:NUE) or 8,000 shares. FERRIOLA JOHN J also sold $917,719 worth of Nucor Corporation (NYSE:NUE) on Tuesday, February 13. 3,000 shares valued at $207,347 were sold by HAYNES VICTORIA F on Wednesday, March 7. Another trade for 39,037 shares valued at $2.67M was made by Frias James D on Monday, February 19. HALL LADD R sold $2.66 million worth of Nucor Corporation (NYSE:NUE) on Monday, February 19.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $19.73 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 15.14 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It improved, as 53 investors sold Nucor Corporation shares while 231 reduced holdings. 92 funds opened positions while 173 raised stakes. 244.43 million shares or 5.15% more from 232.46 million shares in 2017Q3 were reported. The Illinois-based State Farm Mutual Automobile Ins Com has invested 2.43% in Nucor Corporation (NYSE:NUE). Hartford Finance Incorporated holds 0.11% or 3,585 shares. Price T Rowe Associates Inc Md invested in 7.75 million shares. Farmers has 1.26% invested in Nucor Corporation (NYSE:NUE). Moreover, Hgk Asset Mngmt Incorporated has 2% invested in Nucor Corporation (NYSE:NUE). Rockland stated it has 0.03% in Nucor Corporation (NYSE:NUE). Fdx owns 42,101 shares or 0.07% of their US portfolio. Jpmorgan Chase & Company holds 0% or 345,007 shares. Lau Associate Ltd Liability Company has 1.28% invested in Nucor Corporation (NYSE:NUE) for 25,875 shares. Alpine Woods Cap Investors Ltd Liability reported 27,200 shares. Rmb Capital Mngmt Limited Liability Company stated it has 15,423 shares or 0.03% of all its holdings. Voya Invest Management Lc owns 1.15M shares for 0.15% of their portfolio. Appleton Ptnrs Ma has 3,203 shares. Alliancebernstein Lp has 614,105 shares. Wellington Mngmt Group Incorporated Llp accumulated 595,135 shares or 0.01% of the stock.

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. As per Tuesday, December 19, the company rating was upgraded by Seaport Global. The firm earned “Buy” rating on Tuesday, August 1 by J.P. Morgan. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) earned “Buy” rating by Stifel Nicolaus on Friday, September 1. Stifel Nicolaus initiated it with “Buy” rating and $24.0 target in Thursday, April 13 report. As per Tuesday, October 10, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating by Citigroup given on Friday, October 13. The firm earned “Buy” rating on Friday, December 9 by Wunderlich. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Buy”. Seaport Global initiated it with “Hold” rating and $19.0 target in Thursday, September 28 report. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) earned “Hold” rating by BMO Capital Markets on Monday, June 26.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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