NASDAQ:CDEVCentennial Resource Development Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Centennial Resource Development Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $1.13 +0.08 (+7.11 %) (As of 06/3/2020 04:00 PM ET) Add Compare Share Today's Range$1.05Now: $1.13▼$1.1450-Day Range$0.27MA: $0.77▼$1.1852-Week Range$0.24Now: $1.13▼$8.07Volume9.85 million shsAverage Volume13.75 million shsMarket Capitalization$313.10 millionP/E RatioN/ADividend YieldN/ABeta7.37 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.9 Analyst's Opinion Consensus RatingCentennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on 3 buy ratings, 9 hold ratings, and 8 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.75, Centennial Resource Development has a potential upside of 320.4% from its current price of $1.13.Amount of Analyst CoverageCentennial Resource Development has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesCentennial Resource Development has received 273 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCentennial Resource Development has received 352 “underperform” votes. (Add your “underperform” vote.)Community SentimentCentennial Resource Development has received 56.32% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCentennial Resource Development does not currently pay a dividend.Dividend GrowthCentennial Resource Development does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Centennial Resource Development insiders have bought more of their company's stock than they have sold. Specifically, they have bought $7,244,725.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 31.90% of the stock of Centennial Resource Development is held by insiders.Percentage Held by Institutions93.00% of the stock of Centennial Resource Development is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Centennial Resource Development are expected to grow in the coming year, from ($0.65) to ($0.26) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centennial Resource Development is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Centennial Resource Development is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCentennial Resource Development has a P/B Ratio of 0.10. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:CDEV Previous Symbol CUSIPN/A CIK1658566 Webwww.cdevinc.com Phone720-499-1400Debt Debt-to-Equity Ratio0.41 Current Ratio0.31 Quick Ratio0.31Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$944.33 million Price / Sales0.33 Cash Flow$1.92 per share Price / Cash Flow0.59 Book Value$11.81 per share Price / Book0.10Profitability EPS (Most Recent Fiscal Year)$0.19 Net Income$15.80 million Net Margins-56.81% Return on Equity-0.90% Return on Assets-0.63%Miscellaneous Employees178 Outstanding Shares277,082,000Market Cap$313.10 million Next Earnings Date8/3/2020 (Estimated) OptionableOptionable NASDAQ:CDEV Rates by TradingView Receive CDEV News and Ratings via Email Sign-up to receive the latest news and ratings for CDEV and its competitors with MarketBeat's FREE daily newsletter. 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 reached pandemic status according to the World Health Organization. Since then, CDEV shares have increased by 129.7% and is now trading at $1.13. 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) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.07) by $1.92. The oil and natural gas company had revenue of $192.77 million for the quarter, compared to analysts' expectations of $209.29 million. Centennial Resource Development had a negative net margin of 56.81% and a negative return on equity of 0.90%. View Centennial Resource Development's earnings history. What price target have analysts set for CDEV? 20 analysts have issued 12-month price objectives for Centennial Resource Development's stock. Their forecasts range from $1.00 to $10.00. On average, they expect Centennial Resource Development's share price to reach $4.75 in the next year. This suggests a possible upside of 320.4% from the stock's current price. View analysts' price targets for Centennial Resource Development. Has Centennial Resource Development been receiving favorable news coverage? News coverage about CDEV stock has been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 news impact score of 0.9 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock'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 the month of 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 volume of 16,580,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 13.9% 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? Some companies that are related to Centennial Resource Development include Comstock Resources (CRK), Matador Resources (MTDR), Vermilion Energy (VET), Antero Resources (AR), Talos Energy (TALO), Crescent Point Energy (CPG), Kosmos Energy (KOS), Brigham Minerals (MNRL), Enerplus (ERF), GeoPark (GPRK), Kimbell Royalty Partners (KRP), SM Energy (SM), W&T Offshore (WTI), Dorchester Minerals (DMLP) and Bonanza Creek Energy (BCEI). View all 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 number of institutional and retail 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 major 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 major investors are buying Centennial Resource Development stock? CDEV stock was purchased 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 $1.13. How big of a company is Centennial Resource Development? Centennial Resource Development has a market capitalization of $313.10 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 6/3/2020 by MarketBeat.com Staff
