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

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$8.71 -0.55 (-5.94 %)
(As of 03/25/2019 07:53 AM ET)
Previous Close$9.26
Today's Range$8.70 - $9.18
52-Week Range$8.28 - $23.12
Volume3.71 million shs
Average Volume5.21 million shs
Market Capitalization$2.41 billion
P/E Ratio11.61
Dividend YieldN/A
Beta1.84
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.

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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$1.9101 per share
Book Value$11.74 per share

Profitability

Net Income$199.90 million

Miscellaneous

Employees178
Market Cap$2.41 billion
Next Earnings Date5/14/2019 (Estimated)
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) released its earnings results on Monday, February, 25th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.03. The oil and natural gas company had revenue of $222.50 million for the quarter, compared to analysts' expectations of $238.16 million. Centennial Resource Development had a net margin of 22.43% and a return on equity of 6.51%. The firm's revenue was up 34.0% on a year-over-year basis. 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 Tuesday, May 14th 2019. View Earnings Estimates for Centennial Resource Development.

What price target have analysts set for CDEV?

23 analysts have issued 12 month price objectives for Centennial Resource Development's shares. Their forecasts range from $10.00 to $30.00. On average, they expect Centennial Resource Development's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 118.1% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 1 sell rating, 11 hold ratings, 10 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?

News coverage about CDEV stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Centennial Resource Development earned a coverage optimism score of -1.1 on InfoTrie's scale. They also gave headlines about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a drop in short interest in February. As of February 28th, there was short interest totalling 20,782,179 shares, a drop of 14.2% from the February 15th total of 24,224,446 shares. Based on an average daily trading volume, of 5,622,836 shares, the short-interest ratio is currently 3.7 days. Approximately 11.5% of the shares of the company 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 Alibaba Group (BABA), Micron Technology (MU), Caterpillar (CAT), Kinder Morgan (KMI), Oasis Petroleum (OAS), Intel (INTC), Canopy Growth (CGC), Weyerhaeuser (WY), NVIDIA (NVDA) and Square (SQ).

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 a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (13.54%), BlackRock Inc. (3.06%), SailingStone Capital Partners LLC (1.99%), Harris Associates L P (1.68%), Frontier Capital Management Co. LLC (1.56%) and Dimensional Fund Advisors LP (1.29%). 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 Millennium Management LLC, FMR LLC, Ferguson Wellman Capital Management Inc., Harris Associates L P, Frontier Capital Management Co. LLC, First Manhattan Co., SailingStone Capital Partners LLC and Westfield Capital Management Co. LP. 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 Norges Bank, Ninepoint Partners LP, BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Lord Abbett & CO. LLC, Castleark Management LLC and Citigroup 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 $8.71.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $2.41 billion 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.

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:  2.4 out of 5 (star star)
Outperform Votes:  187 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  393
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 3/25/2019 by MarketBeat.com Staff

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