NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

Lowest-Rated Stocks

$0.65

+0.01 (+1.57 %)

(As of 10/20/2020 12:00 AM ET)

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Today's Range

$0.61

Now: $0.65▼

$0.67

50-Day Range

$0.52

MA: $0.63▼

$0.74

52-Week Range

$0.24

Now: $0.65▼

$5.35

Volume3.79 million shs

Average Volume12.20 million shs

Market Capitalization$179.56 million

P/E RatioN/A

Dividend YieldN/A

Beta6.69

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.

Beat the Market (BTM) Rank^™

2.8 Analyst's Opinion

Consensus Rating
Centennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.53, and is based on 2 buy ratings, 4 hold ratings, and 9 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.04, Centennial Resource Development has a forecasted upside of 216.0% from its current price of $0.65.
Amount of Analyst Coverage
Centennial Resource Development has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Centennial Resource Development has received 277 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Centennial Resource Development has received 362 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Centennial Resource Development has received 56.65% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Centennial Resource Development does not currently pay a dividend.
Dividend Growth
Centennial Resource Development does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Centennial Resource Development insiders have bought more of their company's stock than they have sold. Specifically, they have bought $81,450.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 31.90% of the stock of Centennial Resource Development is held by insiders.
Percentage Held by Institutions
68.26% of the stock of Centennial Resource Development is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Centennial Resource Development are expected to grow in the coming year, from ($0.80) to ($0.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Centennial Resource Development is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Centennial Resource Development is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Centennial Resource Development has a P/B Ratio of 0.05. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:CDEV

Previous Symbol

CUSIPN/A

CIK1658566

Webwww.cdevinc.com

Phone720-499-1400

Employees178

Debt

Debt-to-Equity Ratio0.40

Current Ratio0.49

Quick Ratio0.49

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$944.33 million

Price / Sales0.19

Cash Flow$1.70 per share

Price / Cash Flow0.38

Book Value$11.81 per share

Price / Book0.05

Profitability

EPS (Most Recent Fiscal Year)$0.19

Net Income$15.80 million

Net Margins-69.80%

Return on Equity-3.91%

Return on Assets-2.69%

Miscellaneous

Outstanding Shares278,309,000

Market Cap$179.56 million

Next Earnings Date11/2/2020 (Confirmed)

OptionableOptionable

$0.65

+0.01 (+1.57 %)

(As of 10/20/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

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 stock has increased by 31.1% and is now trading at $0.6452.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Centennial Resource Development?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 9 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Centennial Resource Development.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast 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 Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development Inc (NASDAQ:CDEV) posted its quarterly earnings results on Monday, August, 3rd. The oil and natural gas company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by $0.01. The oil and natural gas company had revenue of $90.51 million for the quarter, compared to analysts' expectations of $83.38 million. Centennial Resource Development had a negative return on equity of 3.91% and a negative net margin of 69.80%.
View Centennial Resource Development's earnings history.

What price target have analysts set for CDEV?

15 equities research analysts have issued 1-year price targets for Centennial Resource Development's stock. Their forecasts range from $0.80 to $5.00. On average, they anticipate Centennial Resource Development's stock price to reach $2.04 in the next twelve months. This suggests a possible upside of 216.0% from the stock's current price.
View analysts' price targets for Centennial Resource Development.

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

Some companies that are related to Centennial Resource Development include Crescent Point Energy (CPG), Enerplus Co. (ERF.TO) (ERF), Brigham Minerals (MNRL), Genel Energy (GEGYY), Talos Energy (TALO), GeoPark (GPRK), Kosmos Energy (KOS), Enerplus (ERF), Vermilion Energy (VET), Bonanza Creek Energy (BCEI), Kimbell Royalty Partners (KRP), Dorchester Minerals (DMLP), Advantage Oil & Gas (AAVVF), Hess Midstream Partners (HESM) and Tellurian (TELL).
View all 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 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).

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following 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)

What is Centennial Resource Development's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $0.65.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $179.56 million 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 178 workers across the globe.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is 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]

This page was last updated on 10/21/2020 by MarketBeat.com Staff

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