NASDAQ:CDEVCentennial Resource Development Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Centennial Resource Development Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $0.34 +0.05 (+17.06 %) (As of 04/6/2020 08:36 AM ET) Add Compare Share Today's Range$0.24Now: $0.34▼$0.3550-Day Range$0.25MA: $1.46▼$3.0452-Week Range$0.24Now: $0.34▼$10.95Volume17.55 million shsAverage Volume14.36 million shsMarket Capitalization$95.06 millionP/E Ratio5.72Dividend YieldN/ABeta3.26 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.9 Analyst's Opinion Consensus RatingCentennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.78, and is based on 3 buy ratings, 8 hold ratings, and 7 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.83, Centennial Resource Development has a potential upside of 1,308.7% from its current price of $0.34.Amount of Analyst CoverageCentennial Resource Development has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesCentennial Resource Development has received 270 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCentennial Resource Development has received 345 “underperform” votes. (Add your “underperform” vote.)Community SentimentCentennial Resource Development has received 56.10% “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. Previous Next 0.0 Dividend Strength Dividend YieldCentennial Resource Development does not currently pay a dividend.Dividend GrowthCentennial Resource Development does not have a long track record of dividend growth. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Centennial Resource Development insiders have bought more of their company's stock than they have sold. Specifically, they have bought $124,650.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 31.90% of the stock of Centennial Resource Development is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Centennial Resource Development are expected to decrease by -27.87% in the coming year, from ($0.61) to ($0.44) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centennial Resource Development is 5.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Centennial Resource Development is 5.72, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.77.Price to Book Value per Share RatioCentennial Resource Development has a P/B Ratio of 0.03. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.9Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.19 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 Webhttp://www.cdevinc.com/ Phone720-499-1400Debt Debt-to-Equity Ratio0.32 Current Ratio0.47 Quick Ratio0.47Price-To-Earnings Trailing P/E Ratio5.72 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$944.33 million Price / Sales0.10 Cash Flow$1.81 per share Price / Cash Flow0.19 Book Value$11.81 per share Price / Book0.03Profitability EPS (Most Recent Fiscal Year)$0.19 Net Income$15.80 million Net Margins1.67% Return on Equity1.78% Return on Assets1.26%Miscellaneous Employees178 Outstanding Shares277,050,000Market Cap$95.06 million Next Earnings Date5/4/2020 (Estimated) OptionableOptionable Receive CDEV News and Ratings via Email Sign-up to receive the latest news and ratings for CDEV and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CDEV Rates by TradingView Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions How has Centennial Resource Development's stock been impacted by COVID-19 (Coronavirus)? Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CDEV shares have decreased by 30.3% and is now trading at $0.3431. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Centennial Resource Development? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 7 sell ratings, 8 hold ratings and 3 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, May 4th 2020. View our earnings forecast for Centennial Resource Development. How were Centennial Resource Development's earnings last quarter? Centennial Resource Development Inc (NASDAQ:CDEV) announced its quarterly earnings results on Monday, February, 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.01. The oil and natural gas company had revenue of $256.40 million for the quarter, compared to analysts' expectations of $243.01 million. Centennial Resource Development had a return on equity of 1.78% and a net margin of 1.67%. The business's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. View Centennial Resource Development's earnings history. What price target have analysts set for CDEV? 18 brokers have issued 12 month target prices for Centennial Resource Development's shares. Their forecasts range from $1.00 to $10.00. On average, they expect Centennial Resource Development's share price to reach $4.83 in the next twelve months. This suggests a possible upside of 1,308.7% from the stock's current price. View analysts' price targets for Centennial Resource Development. Has Centennial Resource Development been receiving favorable news coverage? News stories about CDEV stock have been trending very negative on Monday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Centennial Resource Development earned a news impact score of -3.3 on InfoTrie's scale. They also gave news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutCentennial Resource Development. Are investors shorting Centennial Resource Development? Centennial Resource Development saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 30,900,600 shares, an increase of 18.9% from the February 27th total of 25,990,000 shares. Based on an average daily volume of 12,249,900 shares, the short-interest ratio is presently 2.5 days. Approximately 16.2% of the company's shares are short sold. View Centennial Resource Development's Current Options Chain. Who are some of Centennial Resource Development's key competitors? Some companies that are related to Centennial Resource Development include Kosmos Energy (KOS), Chesapeake Energy (CHK), Kimbell Royalty Partners (KRP), Dorchester Minerals (DMLP), Talos Energy (TALO), Matador Resources (MTDR), Tellurian (TELL), Bonanza Creek Energy (BCEI), W&T Offshore (WTI), Falcon Minerals (FLMN), Antero Resources (AR), Advantage Oil & Gas (AAVVF), Callon Petroleum (CPE), Berry Petroleum (BRY) and Primeenergy Resources (PNRG). 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 Chesapeake Energy (CHK), Kinder Morgan (KMI), Oasis Petroleum (OAS), Parsley Energy (PE), AbbVie (ABBV), Apache (APA), General Electric (GE), Alibaba Group (BABA), Callon Petroleum (CPE) and Jagged Peak Energy (JAG). 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 $0.34. How big of a company is Centennial Resource Development? Centennial Resource Development has a market capitalization of $95.06 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. View additional information about Centennial Resource Development. 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] This page was last updated on 4/6/2020 by MarketBeat.com StaffFeatured Article: What is Cost of Debt?
