NASDAQ:CDEV - Centennial Resource Development Stock Price, News, & Analysis

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$10.71 -0.02 (-0.19 %)
(As of 04/26/2019 08:07 AM ET)
Previous Close$10.73
Today's Range$10.48 - $10.90
52-Week Range$8.28 - $23.12
Volume2.28 million shs
Average Volume3.56 million shs
Market Capitalization$2.96 billion
P/E Ratio14.28
Dividend YieldN/A
Beta1.83
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2018, it leased or acquired approximately 80,223 net acres; and owned 1,597 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$891.04 million
Cash Flow$1.8856 per share
Book Value$11.74 per share

Profitability

Net Income$199.90 million

Miscellaneous

Employees178
Market Cap$2.96 billion
Next Earnings Date5/6/2019 (Confirmed)
OptionableOptionable

Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

What is Centennial Resource Development's stock symbol?

Centennial Resource Development trades on the NASDAQ under the ticker symbol "CDEV."

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development Inc (NASDAQ:CDEV) released its quarterly earnings data on Monday, February, 25th. The oil and natural gas company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by $0.03. The oil and natural gas company earned $222.50 million during the quarter, compared to analysts' expectations of $238.16 million. Centennial Resource Development had a net margin of 22.43% and a return on equity of 6.51%. Centennial Resource Development's revenue was up 34.0% compared to the same quarter last year. View Centennial Resource Development's Earnings History.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for Centennial Resource Development.

How can I listen to Centennial Resource Development's earnings call?

Centennial Resource Development will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8007893525.

What price target have analysts set for CDEV?

22 brokerages have issued 1 year target prices for Centennial Resource Development's shares. Their predictions range from $10.00 to $30.00. On average, they expect Centennial Resource Development's share price to reach $18.40 in the next year. This suggests a possible upside of 71.8% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

What is the consensus analysts' recommendation for Centennial Resource Development?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 1 sell rating, 11 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Centennial Resource Development.

Has Centennial Resource Development been receiving favorable news coverage?

Media stories about CDEV stock have trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Centennial Resource Development earned a news sentiment score of -2.2 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near future.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a drop in short interest during the month of April. As of April 15th, there was short interest totalling 16,771,108 shares, a drop of 13.4% from the March 29th total of 19,356,805 shares. Based on an average daily trading volume, of 4,047,043 shares, the days-to-cover ratio is presently 4.1 days. Approximately 9.2% of the shares of the stock are short sold. View Centennial Resource Development's Current Options Chain.

Who are some of Centennial Resource Development's key competitors?

What other stocks do shareholders of Centennial Resource Development own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include Alibaba Group (BABA), Oasis Petroleum (OAS), Micron Technology (MU), Jagged Peak Energy (JAG), Kinder Morgan (KMI), Advanced Micro Devices (AMD), Intel (INTC), Caterpillar (CAT), Canopy Growth (CGC) and Chesapeake Energy (CHK).

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the folowing people:
  • Mr. Mark G. Papa, Chairman, CEO & Pres (Age 72)
  • Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 49)
  • Mr. Sean R. Smith, COO & VP (Age 46)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 49)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 64)

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include First Manhattan Co. (0.14%), CWM LLC (0.03%), Ferguson Wellman Capital Management Inc. (0.01%) and Virtu Financial LLC (0.01%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Sean R Smith and Us Centennial Holdings Ll Rel. View Institutional Ownership Trends for Centennial Resource Development.

Which major investors are selling Centennial Resource Development stock?

CDEV stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co. and Ferguson Wellman Capital Management Inc.. View Insider Buying and Selling for Centennial Resource Development.

Which major investors are buying Centennial Resource Development stock?

CDEV stock was purchased by a variety of institutional investors in the last quarter, including CWM LLC and Virtu Financial LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen, George S Glyphis and Sean R Smith. View Insider Buying and Selling for Centennial Resource Development.

How do I buy shares of Centennial Resource Development?

Shares of CDEV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $10.71.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $2.96 billion and generates $891.04 million in revenue each year. The oil and natural gas company earns $199.90 million in net income (profit) each year or $0.75 on an earnings per share basis. Centennial Resource Development employs 178 workers across the globe.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is http://www.cdevinc.com.

How can I contact Centennial Resource Development?

Centennial Resource Development's mailing address is 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202. The oil and natural gas company can be reached via phone at 720-499-1400 or via email at [email protected]


MarketBeat Community Rating for Centennial Resource Development (NASDAQ CDEV)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  192 (Vote Outperform)
Underperform Votes:  214 (Vote Underperform)
Total Votes:  406
MarketBeat's community ratings are surveys of what our community members think about Centennial Resource Development and other stocks. Vote "Outperform" if you believe CDEV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDEV will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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