NASDAQ:CDEV - Centennial Resource Development Stock Price, News, & Analysis

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$17.77 +0.25 (+1.43 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$17.52
Today's Range$17.45 - $17.93
52-Week Range$15.78 - $22.14
Volume865,700 shs
Average Volume2.37 million shs
Market Capitalization$5.11 billion
P/E Ratio63.46
Dividend YieldN/A
Centennial Resource Development logoCentennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Crude petroleum & natural gas


Debt-to-Equity Ratio0.13
Current Ratio0.89
Quick Ratio0.89


Trailing P/E Ratio63.46
Forward P/E Ratio19.74
P/E GrowthN/A

Sales & Book Value

Annual Sales$429.90 million
Price / Sales11.41
Cash Flow$0.7976 per share
Price / Cash22.28
Book Value$10.88 per share
Price / Book1.63


EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins24.55%
Return on Equity5.68%
Return on Assets4.80%


Outstanding Shares276,090,000
Market Cap$5.11 billion

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 quarterly earnings data on Monday, August, 6th. The oil and natural gas company reported $0.24 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.03. The oil and natural gas company had revenue of $217.76 million for the quarter, compared to the consensus estimate of $220.58 million. Centennial Resource Development had a net margin of 24.55% and a return on equity of 5.68%. The firm's revenue was up 139.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. 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, November, 5th 2018. View Earnings Estimates for Centennial Resource Development.

What price target have analysts set for CDEV?

19 equities research analysts have issued 1-year price targets for Centennial Resource Development's stock. Their predictions range from $19.00 to $31.00. On average, they anticipate Centennial Resource Development's share price to reach $24.5625 in the next year. This suggests a possible upside of 38.2% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

What is the consensus analysts' recommendation for Centennial Resource Development?

19 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 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a drop in short interest during the month of July. As of July 13th, there was short interest totalling 14,408,484 shares, a drop of 8.9% from the June 29th total of 15,822,006 shares. Based on an average trading volume of 2,094,957 shares, the short-interest ratio is currently 6.9 days. Currently, 8.7% of the company's stock are short sold. View Centennial Resource Development's Current Options Chain.

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

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. Davis O. O'Connor, VP & Gen. Counsel (Age 63)

Has Centennial Resource Development been receiving favorable news coverage?

Media headlines about CDEV stock have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centennial Resource Development earned a daily sentiment score of 0.02 on Accern's scale. They also gave media headlines about the oil and natural gas company an impact score of 47.88 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Centennial Resource Development.

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 investors include FMR LLC (11.29%), BlackRock Inc. (2.71%), Frontier Capital Management Co. LLC (1.63%), Waddell & Reed Financial Inc. (1.06%), Dimensional Fund Advisors LP (0.93%) and Ferguson Wellman Capital Management Inc. (0.71%). 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 Point72 Asset Management L.P., Millennium Management LLC, TD Asset Management Inc., Tortoise Capital Advisors L.L.C., TVR Capital Management LP, Russell Investments Group Ltd., Waddell & Reed Financial Inc. and Paloma Partners Management Co. 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 Frontier Capital Management Co. LLC, OppenheimerFunds Inc., BlackRock Inc., Dimensional Fund Advisors LP, Marshall Wace LLP, First Manhattan Co., CDAM UK Ltd and FMR LLC. 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 $17.77.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $5.11 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.

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:  2.4 out of 5 (star star)
Outperform Votes:  142 (Vote Outperform)
Underperform Votes:  150 (Vote Underperform)
Total Votes:  292
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 8/17/2018 by Staff

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