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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

$5.00
-0.41 (-7.58 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$4.62
Now: $5.00
$6.09
50-Day Range
$2.26
MA: $3.19
$5.41
52-Week Range
$0.24
Now: $5.00
$6.09
Volume26.08 million shs
Average Volume9.79 million shs
Market Capitalization$1.39 billion
P/E RatioN/A
Dividend YieldN/A
Beta6.82
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, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 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.
Centennial Resource Development logo

Headlines

Why Centennial Resource Development Stock Is Rallying Today
February 24, 2021 |  finance.yahoo.com
Recap: Centennial Resource Dev Q4 Earnings
February 23, 2021 |  finance.yahoo.com
A Preview Of Centennial Resource Dev's Earnings
February 22, 2021 |  benzinga.com
Centennial Resource Development: Chapter 2 In The Works
February 7, 2021 |  seekingalpha.com
5 Stocks That Are Most Sensitive to a Change in Oil Prices
February 5, 2021 |  finance.yahoo.com
Centennial Resource Development, Inc.
January 21, 2021 |  fool.com
See More Headlines

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
Current SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400
Employees195
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$944.33 million
Cash Flow$3.60 per share
Book Value$11.81 per share

Profitability

Net Income$15.80 million

Miscellaneous

Market Cap$1.39 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.01 out of 5 stars

Oils/Energy Sector

267th out of 668 stocks

Crude Petroleum & Natural Gas Industry

94th out of 247 stocks

Analyst Opinion: 0.8Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$5.00
-0.41 (-7.58 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 8 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Centennial Resource Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEV, but not buy additional shares or sell existing shares.
View analyst ratings for Centennial Resource Development
or view top-rated stocks.

What stocks does MarketBeat like better than Centennial Resource Development?

Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a decline in short interest in January. As of January 15th, there was short interest totaling 8,380,000 shares, a decline of 15.7% from the December 31st total of 9,940,000 shares. Based on an average trading volume of 6,920,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 4.8% of the shares of the stock are short sold.
View Centennial Resource Development's Short Interest
.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Centennial Resource Development
.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) issued its quarterly earnings results on Monday, February, 22nd. The oil and natural gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.09) by $0.23. Centennial Resource Development had a negative trailing twelve-month return on equity of 6.02% and a negative net margin of 84.87%.
View Centennial Resource Development's earnings history
.

How has Centennial Resource Development's stock price been impacted by Coronavirus (COVID-19)?

Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CDEV shares have increased by 916.3% and is now trading at $5.00.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CDEV?

16 equities research analysts have issued 1 year target prices for Centennial Resource Development's stock. Their forecasts range from $0.70 to $3.00. On average, they anticipate Centennial Resource Development's stock price to reach $1.38 in the next twelve months. This suggests that the stock has a possible downside of 72.4%.
View analysts' price targets for Centennial Resource Development
or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:
  • Mr. Sean R. Smith, CEO & Director (Age 48, Pay $1.12M)
  • Mr. George S. Glyphis, CFO, VP & Assistant Sec. (Age 51, Pay $1.01M)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 51, Pay $671.96k)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 66, Pay $840.06k)
  • Mr. Matt R. Garrison, VP & COO
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. Stephen S. Coats, Sec. (Age 50)
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 51)

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

What other stocks do shareholders of Centennial Resource Development own?

What is Centennial Resource Development's stock symbol?

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

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Prescott Group Capital Management L.L.C. (3.69%), Renaissance Technologies LLC (2.66%), BlackRock Inc. (1.47%), Charles Schwab Investment Management Inc. (1.19%), Wells Fargo & Company MN (0.63%) and Dimensional Fund Advisors LP (0.40%). Company insiders that own Centennial Resource Development stock include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro 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 Dimensional Fund Advisors LP, Paloma Partners Management Co, Bank of New York Mellon Corp, Jane Street Group LLC, Cannell Peter B & Co. Inc., Tudor Investment Corp Et Al, and Northern Trust Corp.
View insider buying and selling activity for Centennial Resource Development
or view top insider-selling stocks.

Which major investors are buying Centennial Resource Development stock?

CDEV stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Wells Fargo & Company MN, Charles Schwab Investment Management Inc., GSA Capital Partners LLP, Hsbc Holdings PLC, JPMorgan Chase & Co., ExodusPoint Capital Management LP, and Prescott Group Capital Management L.L.C.. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity for Centennial Resource Development
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $5.00.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.39 billion and generates $944.33 million in revenue each year. The oil and natural gas company earns $15.80 million in net income (profit) each year or $0.19 on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 195 workers across the globe.

What is Centennial Resource Development's official website?

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

Where are Centennial Resource Development's headquarters?

Centennial Resource Development is headquartered at 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202.

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]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

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