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NASDAQ:CDEVCentennial Resource Development Stock Price, Forecast & News

$1.28
+0.14 (+12.23 %)
(As of 06/5/2020 12:13 PM ET)
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Compare
Today's Range
$1.19
Now: $1.29
$1.32
50-Day Range
$0.27
MA: $0.80
$1.18
52-Week Range
$0.24
Now: $1.29
$8.07
Volume11.77 million shs
Average Volume12.36 million shs
Market Capitalization$356.05 million
P/E RatioN/A
Dividend YieldN/A
Beta7.37
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.
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Centennial Resource Development logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.9Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
Current SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$944.33 million
Cash Flow$2.04 per share
Book Value$11.81 per share

Profitability

Net Income$15.80 million

Miscellaneous

Employees178
Market Cap$356.05 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CDEV shares have increased by 154.1% and is now trading at $1.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Centennial Resource Development?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 8 sell ratings, 9 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, August 3rd 2020. View our earnings forecast for Centennial Resource Development.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development Inc (NASDAQ:CDEV) issued its earnings results on Monday, May, 4th. The oil and natural gas company reported ($1.99) EPS for the quarter, missing the consensus estimate of ($0.07) by $1.92. The oil and natural gas company earned $192.77 million during the quarter, compared to the consensus estimate of $209.29 million. Centennial Resource Development had a negative return on equity of 0.90% and a negative net margin of 56.81%. View Centennial Resource Development's earnings history.

What price target have analysts set for CDEV?

20 equities research analysts have issued twelve-month price objectives for Centennial Resource Development's stock. Their forecasts range from $1.00 to $10.00. On average, they anticipate Centennial Resource Development's share price to reach $4.75 in the next year. This suggests a possible upside of 280.0% from the stock's current price. View analysts' price targets for Centennial Resource Development.

Has Centennial Resource Development been receiving favorable news coverage?

Press coverage about CDEV stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Centennial Resource Development earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the near future. View the latest news aboutCentennial Resource Development.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a increase in short interest in May. As of May 15th, there was short interest totaling 26,500,000 shares, an increase of 6.9% from the April 30th total of 24,780,000 shares. Based on an average daily trading volume, of 16,580,000 shares, the short-interest ratio is currently 1.6 days. Currently, 13.9% 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?

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 Callon Petroleum (CPE), Whiting Petroleum (WLL), Ring Energy (REI), Ring Energy (REI), Oasis Petroleum (OAS), Energy Transfer LP Unit (ET), Gulfport Energy (GPOR), Marathon Oil (MRO), Canopy Growth (CGC) and Devon Energy (DVN).

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."

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by a variety of retail and institutional investors. Top institutional investors include Prescott Group Capital Management L.L.C. (8.52%), AQR Capital Management LLC (5.97%), State Street Corp (4.61%), BlackRock Inc. (2.25%), Geode Capital Management LLC (0.94%) and Morgan Stanley (0.83%). Company insiders that own Centennial Resource Development stock include George S Glyphis, Mark G Papa, 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 BlackRock Inc., Nuveen Asset Management LLC, Van Den Berg Management I Inc., Grantham Mayo Van Otterloo & Co. LLC, Capital International Investors, Paloma Partners Management Co, Citigroup Inc., and Deutsche Bank AG. View insider buying and selling activity 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 Prescott Group Capital Management L.L.C., AQR Capital Management LLC, State Street Corp, WINTON GROUP Ltd, Morgan Stanley, LSP Investment Advisors LLC, Two Sigma Advisers LP, and Two Sigma Investments LP. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Steven J Shapiro, and Us Centennial Holdings Ll Rel. View insider buying and selling activity 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 $1.25.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $346.35 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.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is 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 6/5/2020 by MarketBeat.com Staff

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