Centennial Resource Development Stock Forecast, Price & News

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.
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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.
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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.
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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.

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.

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.
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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%.
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Some companies that are related to Centennial Resource Development include EQT (EQT), PDC Energy (PDCE), Magnolia Oil & Gas (MGY), Matador Resources (MTDR), CNX Resources (CNX), Murphy Oil (MUR), Antero Resources (AR), Range Resources (RRC), Viper Energy Partners (VNOM), Southwestern Energy (SWN), Crescent Point Energy (CPG), ARC Resources (AETUF), Black Stone Minerals (BSM), SM Energy (SM) and Callon Petroleum (CPE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), OrganiGram (OGI), Zosano Pharma (ZSAN), CBL & Associates Properties (CBL), KushCo (KSHB), Pennsylvania Real Estate Investment Trust (PEI), Golar LNG Partners (GMLP) and ADMA Biologics (ADMA).

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

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.

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

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.

Centennial Resource Development employs 195 workers across the globe.

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

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

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]