NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

$5.04
-0.17 (-3.26 %)
(As of 08/2/2021 11:46 AM ET)
Add
Compare
Today's Range
$4.97
$5.45
50-Day Range
$4.68
$7.33
52-Week Range
$0.51
$7.51
Volume281,584 shs
Average Volume8.83 million shs
Market Capitalization$1.41 billion
P/E RatioN/A
Dividend YieldN/A
Beta6.56
30 days | 90 days | 365 days | Advanced Chart
Receive CDEV News and Ratings via Email

Sign-up to receive the latest news and ratings for Centennial Resource Development and its competitors with MarketBeat's FREE daily newsletter.


Centennial Resource Development logo

About Centennial Resource Development

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, 2020, it leased or acquired approximately 81,657 net acres; and owned 1,472 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.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.32 out of 5 stars

Oils/Energy Sector

86th out of 710 stocks

Crude Petroleum & Natural Gas Industry

38th out of 269 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 2.5 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Centennial Resource Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEV, but not buy additional shares or sell existing shares.
View analyst ratings for Centennial Resource Development
or view top-rated stocks.

What stocks does MarketBeat like better than Centennial Resource Development?

Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a increase in short interest in June. As of June 30th, there was short interest totaling 25,200,000 shares, an increase of 25.1% from the June 15th total of 20,150,000 shares. Based on an average trading volume of 8,290,000 shares, the short-interest ratio is presently 3.0 days. Approximately 13.8% of the shares of the company are sold short.
View Centennial Resource Development's Short Interest
.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
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 Wednesday, August 4th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-859-2056 with passcode "5061685".

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) announced its quarterly earnings results on Tuesday, May, 4th. The oil and natural gas company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The oil and natural gas company had revenue of $192.39 million for the quarter, compared to analysts' expectations of $157.84 million. Centennial Resource Development had a negative net margin of 29.22% and a negative trailing twelve-month return on equity of 6.55%.
View Centennial Resource Development's earnings history
.

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CDEV shares have increased by 924.4% and is now trading at $5.04.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CDEV?

11 Wall Street analysts have issued 12 month price objectives for Centennial Resource Development's shares. Their forecasts range from $0.70 to $8.50. On average, they expect Centennial Resource Development's stock price to reach $4.25 in the next twelve months. This suggests that the stock has a possible downside of 15.7%.
View analysts' price targets for Centennial Resource Development
or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:
  • Mr. Sean R. Smith, CEO & Director (Age 48, Pay $1.36M)
  • Mr. George S. Glyphis, CFO, VP & Assistant Sec. (Age 51, Pay $823.61k)
  • Mr. Matthew R. Garrison, VP & COO (Age 39, Pay $826.87k)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 51, Pay $618.74k) (LinkedIn Profile)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 66, Pay $722.41k)
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. Stephen S. Coats, Sec. (Age 50)
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 51)

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

What other stocks do shareholders of Centennial Resource Development own?

What is Centennial Resource Development's stock symbol?

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

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by many different institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.07%), Cutler Group LP (0.00%), Dupont Capital Management Corp (0.03%), Cornerstone Investment Partners LLC (0.02%), Meridian Wealth Management LLC (0.01%) and Wedbush Securities Inc. (0.01%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, 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 Meridian Wealth Management LLC.
View insider buying and selling activity for Centennial Resource Development
or view top insider-selling stocks.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Cutler Group LP, Dupont Capital Management Corp, Cornerstone Investment Partners LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Wedbush Securities Inc.. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity for Centennial Resource Development
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $5.04.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.41 billion and generates $580.46 million in revenue each year. The oil and natural gas company earns $-682,840,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 151 workers across the globe.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is www.cdevinc.com.

Where are Centennial Resource Development's headquarters?

Centennial Resource Development is headquartered at 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202.

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 8/2/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.