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NASDAQ:CDEV

Centennial Resource Development - CDEV Stock Forecast, Price & News

$7.14
+0.23 (+3.33%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.85
$7.18
50-Day Range
$5.33
$9.46
52-Week Range
$3.90
$9.70
Volume
5.93 million shs
Average Volume
9.84 million shs
Market Capitalization
$2.03 billion
P/E Ratio
5.58
Dividend Yield
N/A
Price Target
$10.13

Centennial Resource Development MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
41.9% Upside
$10.13 Price Target
Short Interest
Bearish
20.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Centennial Resource Development in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$752,453 Sold Last Quarter
Proj. Earnings Growth
9.52%
From $1.89 to $2.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Oils/Energy Sector

108th out of 257 stocks

Crude Petroleum & Natural Gas Industry

48th out of 83 stocks

CDEV stock logo

About Centennial Resource Development (NASDAQ:CDEV) Stock

Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 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. The company was incorporated in 2015 and is headquartered in Denver, Colorado.

Centennial Resource Development Stock Down 2.7 %

CDEV Stock opened at $6.91 on Wednesday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 5.40 and a beta of 4.91. Centennial Resource Development has a fifty-two week low of $3.90 and a fifty-two week high of $9.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.11 and a current ratio of 1.11. The company's 50 day moving average price is $6.70 and its 200 day moving average price is $7.63.

Analyst Upgrades and Downgrades

CDEV has been the topic of a number of recent research reports. Wells Fargo & Company lowered shares of Centennial Resource Development from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $12.00 to $11.00 in a research note on Monday, July 11th. Siebert Williams Shank initiated coverage on shares of Centennial Resource Development in a research note on Friday, July 22nd. They set a "buy" rating and a $12.00 price target on the stock. Cowen set a $10.50 price target on shares of Centennial Resource Development in a research note on Tuesday, July 19th. Piper Sandler cut their price target on shares of Centennial Resource Development from $12.00 to $11.00 in a research note on Friday, July 22nd. Finally, Truist Financial cut their price target on shares of Centennial Resource Development to $8.00 in a research note on Friday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.13.

Insider Buying and Selling at Centennial Resource Development

In other Centennial Resource Development news, COO Matthew R. Garrison sold 115,762 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $6.50, for a total value of $752,453.00. Following the transaction, the chief operating officer now directly owns 1,332,553 shares in the company, valued at $8,661,594.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 29.20% of the stock is currently owned by insiders.

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CDEV Stock News Headlines

Most profitable less than $5 stock in the world?
This virtually unknown stock trades under a secret name, brings in more cash than IBM, Facebook and Tesla, and trades for just under $5. Find out why in this "leaked" footage from a former Wall Street money manager. pixel
Most profitable less than $5 stock in the world?
This virtually unknown stock trades under a secret name, brings in more cash than IBM, Facebook and Tesla, and trades for just under $5. Find out why in this "leaked" footage from a former Wall Street money manager. pixel
See More Headlines
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CDEV Company Calendar

Last Earnings
11/03/2021
Today
8/17/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Current Symbol
NASDAQ:CDEV
Fax
N/A
Employees
147
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.13
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$5.75
Forecasted Upside/Downside
+41.9%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$138.18 million
Pretax Margin
31.89%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$1.75 per share
Book Value
$10.43 per share

Miscellaneous

Free Float
201,645,000
Market Cap
$2.03 billion
Optionable
Optionable
Beta
4.90














CDEV Stock - Frequently Asked Questions

Should I buy or sell Centennial Resource Development stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CDEV shares. 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 CDEV analyst ratings
or view top-rated stocks.

What is Centennial Resource Development's stock price forecast for 2022?

9 equities research analysts have issued 12-month target prices for Centennial Resource Development's stock. Their CDEV share price forecasts range from $5.75 to $12.00. On average, they predict the company's share price to reach $10.13 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price.
View analysts price targets for CDEV
or view top-rated stocks among Wall Street analysts.

How have CDEV shares performed in 2022?

Centennial Resource Development's stock was trading at $5.98 at the beginning of the year. Since then, CDEV stock has increased by 19.4% and is now trading at $7.14.
View the best growth stocks for 2022 here
.

When is Centennial Resource Development's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CDEV earnings forecast
.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its quarterly earnings data on Wednesday, November, 3rd. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.09. The oil and natural gas company earned $288.51 million during the quarter, compared to analysts' expectations of $247.86 million. Centennial Resource Development had a net margin of 28.46% and a trailing twelve-month return on equity of 18.68%. During the same period last year, the firm earned ($0.19) EPS.

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 a number of retail and institutional investors. Top institutional investors include State Street Corp (5.54%), River Road Asset Management LLC (3.36%), Millennium Management LLC (1.60%), Frontier Capital Management Co. LLC (1.05%), Deutsche Bank AG (0.88%) and Renaissance Technologies LLC (0.83%). Insiders that own company stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Mark G Papa, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc, Steven J Shapiro and Us Centennial Holdings Ll Rel.
View institutional ownership trends
.

How do I buy shares of Centennial Resource Development?

Shares of CDEV stock 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 $7.14.

How much money does Centennial Resource Development make?

Centennial Resource Development (NASDAQ:CDEV) has a market capitalization of $2.03 billion and generates $1.03 billion in revenue each year. The oil and natural gas company earns $138.18 million in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Centennial Resource Development have?

The company employs 147 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 official website for the company is www.cdevinc.com. The oil and natural gas company can be reached via phone at (720) 499-1400 or via email at ir@cdevinc.com.

This page (NASDAQ:CDEV) was last updated on 8/17/2022 by MarketBeat.com Staff

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