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Centennial Resource Development Stock Price, Forecast & Analysis (NASDAQ:CDEV)

$3.33
+0.17 (+5.38 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$3.15
Now: $3.33
$3.44
50-Day Range
$3.17
MA: $3.68
$4.52
52-Week Range
$3.11
Now: $3.33
$17.73
Volume5.99 million shs
Average Volume5.86 million shs
Market Capitalization$921.54 million
P/E Ratio4.44
Dividend YieldN/A
Beta1.91
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. Read More…

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$1.95 per share
Book Value$11.76 per share

Profitability

Net Income$199.90 million

Miscellaneous

Employees178
Market Cap$921.54 million
Next Earnings Date2/24/2020 (Estimated)
OptionableOptionable

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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) posted its earnings results on Monday, November, 4th. The oil and natural gas company reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.01. The oil and natural gas company had revenue of $229.13 million for the quarter, compared to the consensus estimate of $227.52 million. Centennial Resource Development had a return on equity of 2.32% and a net margin of 4.08%. 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, February 24th 2020. View Earnings Estimates for Centennial Resource Development.

What price target have analysts set for CDEV?

22 equities research analysts have issued 1-year price objectives for Centennial Resource Development's shares. Their forecasts range from $6.00 to $23.00. On average, they expect Centennial Resource Development's stock price to reach $10.38 in the next twelve months. This suggests a possible upside of 211.6% 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 15 hold ratings, 6 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 coverage about CDEV stock has trended very negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. 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 coverage optimism score of -3.4 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Centennial Resource Development.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a drop in short interest in October. As of October 31st, there was short interest totalling 18,030,000 shares, a drop of 11.0% from the September 30th total of 20,260,000 shares. Based on an average trading volume of 7,190,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 9.6% of the company's stock are sold short. 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 Chesapeake Energy (CHK), Kinder Morgan (KMI), Oasis Petroleum (OAS), Jagged Peak Energy (JAG), Callon Petroleum (CPE), Parsley Energy (PE), Transocean (RIG), Alibaba Group (BABA), Devon Energy (DVN) and General Electric (GE).

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 many different of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.25%), Peregrine Capital Management LLC (0.21%), California Public Employees Retirement System (0.12%), State of New Jersey Common Pension Fund D (0.11%), Waratah Capital Advisors Ltd. (0.06%) and Teton Advisors Inc. (0.04%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Steven J Shapiro and Us Centennial Holdings Ll Rel. View Institutional Ownership Trends for Centennial Resource Development.

Which institutional investors are selling Centennial Resource Development stock?

CDEV stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, First Trust Advisors LP, Russell Investments Group Ltd., Ferguson Wellman Capital Management Inc., Teton Advisors Inc. and Daiwa Securities Group Inc.. View Insider Buying and Selling for Centennial Resource Development.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Waratah Capital Advisors Ltd., California Public Employees Retirement System, Cerebellum GP LLC, Usca Ria LLC, Signition LP, State of Tennessee Treasury Department and Whittier Trust Co. of Nevada Inc.. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen, George S Glyphis and Steven J Shapiro. 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, 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 $3.33.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $921.54 million 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.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]


MarketBeat Community Rating for Centennial Resource Development (NASDAQ CDEV)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  230 (Vote Outperform)
Underperform Votes:  284 (Vote Underperform)
Total Votes:  514
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 11/17/2019 by MarketBeat.com Staff

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