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, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 producing horizontal wells. 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CDEV
Previous Symbol
CUSIPN/A
Phone720-499-1400
Debt
Debt-to-Equity Ratio0.17
Current Ratio0.79
Quick Ratio0.79
Price-To-Earnings
Trailing P/E Ratio57.86
Forward P/E Ratio18.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$429.90 million
Price / Sales10.41
Cash Flow$0.7729 per share
Price / Cash20.96
Book Value$11.60 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins23.90%
Return on Equity6.57%
Return on Assets5.40%
Miscellaneous
Employees119
Outstanding Shares276,290,000
Market Cap$4.81 billion
OptionableOptionable
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) announced its earnings results on Wednesday, November, 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.04. The oil and natural gas company earned $234.88 million during the quarter, compared to analyst estimates of $239.43 million. Centennial Resource Development had a return on equity of 6.57% and a net margin of 23.90%. The firm's revenue was up 110.4% on a year-over-year basis. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
18 analysts have issued twelve-month price objectives for Centennial Resource Development's stock. Their predictions range from $19.00 to $31.00. On average, they expect Centennial Resource Development's share price to reach $24.8235 in the next twelve months. This suggests a possible upside of 50.1% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for 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 3 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.
Has Centennial Resource Development been receiving favorable news coverage?
Press coverage about CDEV stock has trended positive on Wednesday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 2.1 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next several days.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 27,604,955 shares, an increase of 13.0% from the October 15th total of 24,432,821 shares. Based on an average trading volume of 1,782,294 shares, the days-to-cover ratio is currently 15.5 days. Approximately 15.2% of the company's shares are sold short. 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 Continental Resources (CLR), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), Noble Energy (NBL), Diamondback Energy (FANG), Cabot Oil & Gas (COG), Cenovus Energy (CVE), Cimarex Energy (XEC), Encana (ECA), Energen (EGN), Parsley Energy (PE), WPX Energy (WPX), Murphy Oil (MUR) and Antero Resources (AR).
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 71)
- Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
- Mr. Sean R. Smith, COO & VP (Age 45)
- Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
- Mr. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (14.33%), Neuberger Berman Group LLC (4.07%), BlackRock Inc. (2.86%), Frontier Capital Management Co. LLC (1.78%), Dimensional Fund Advisors LP (1.09%) and Schroder Investment Management Group (0.52%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Sean R Smith 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 Ferguson Wellman Capital Management Inc., Neuberger Berman Group LLC, Tortoise Capital Advisors L.L.C., Allianz Asset Management GmbH, Paloma Partners Management Co, Morgan Stanley, SCP Investment LP and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Centennial Resource Development.
Which institutional investors are buying Centennial Resource Development stock?
CDEV stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, NWQ Investment Management Company LLC, Advisory Research Inc., Schroder Investment Management Group, Eagle Asset Management Inc., Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC and American Century Companies Inc.. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen, George S Glyphis and Sean R Smith. 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, Scottrade, Fidelity and Charles Schwab.
What is Centennial Resource Development's stock price today?
One share of CDEV stock can currently be purchased for approximately $16.54.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $4.81 billion and generates $429.90 million in revenue each year. The oil and natural gas company earns $75.56 million in net income (profit) each year or $0.28 on an earnings per share basis. Centennial Resource Development employs 119 workers across the globe.
What is Centennial Resource Development's official website?
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)
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.
