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

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$17.99 -0.52 (-2.81 %)
(As of 08/14/2018 05:19 AM ET)
Previous Close$18.51
Today's Range$17.77 - $18.74
52-Week Range$15.78 - $22.14
Volume1.62 million shs
Average Volume2.15 million shs
Market Capitalization$5.11 billion
P/E Ratio28.05
Dividend YieldN/A
Beta1.35
Centennial Resource Development logoCentennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian 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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400

Debt

Debt-to-Equity Ratio0.13
Current Ratio0.89
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio28.05
Forward P/E Ratio19.99
P/E GrowthN/A

Sales & Book Value

Annual Sales$429.90 million
Price / Sales11.55
Cash Flow$0.8075 per share
Price / Cash22.28
Book Value$10.88 per share
Price / Book1.65

Profitability

EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins24.55%
Return on Equity5.68%
Return on Assets4.80%

Miscellaneous

Employees119
Outstanding Shares276,090,000
Market Cap$5.11 billion

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) issued its quarterly earnings data on Monday, August, 6th. The oil and natural gas company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The oil and natural gas company earned $217.76 million during the quarter, compared to the consensus estimate of $220.58 million. Centennial Resource Development had a net margin of 24.55% and a return on equity of 5.68%. The company's revenue for the quarter was up 139.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. 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 Monday, November, 5th 2018. View Earnings Estimates for Centennial Resource Development.

What price target have analysts set for CDEV?

19 Wall Street analysts have issued 12-month price targets for Centennial Resource Development's stock. Their predictions range from $19.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $24.5625 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

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

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a drop in short interest during the month of July. As of July 13th, there was short interest totalling 14,408,484 shares, a drop of 8.9% from the June 29th total of 15,822,006 shares. Based on an average daily volume of 2,094,957 shares, the short-interest ratio is presently 6.9 days. Approximately 8.7% of the company's shares are sold short. View Centennial Resource Development's Current Options Chain.

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

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 71)
  • Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
  • Mr. Sean R. Smith, COO & VP (Age 45)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 63)

Has Centennial Resource Development been receiving favorable news coverage?

Press coverage about CDEV stock has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Development earned a media and rumor sentiment score of 0.03 on Accern's scale. They also assigned headlines about the oil and natural gas company an impact score of 48.16 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Centennial Resource Development.

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (11.29%), BlackRock Inc. (2.71%), Frontier Capital Management Co. LLC (1.63%), Dimensional Fund Advisors LP (0.93%), Ferguson Wellman Capital Management Inc. (0.71%) and CDAM UK Ltd (0.58%). 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 major investors are selling Centennial Resource Development stock?

CDEV stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Tortoise Capital Advisors L.L.C., Russell Investments Group Ltd., Stevens Capital Management LP, Earnest Partners LLC, Ferguson Wellman Capital Management Inc., Usca Ria LLC and TIAA FSB. View Insider Buying and Selling for Centennial Resource Development.

Which major investors are buying Centennial Resource Development stock?

CDEV stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, OppenheimerFunds Inc., BlackRock Inc., Dimensional Fund Advisors LP, First Manhattan Co., CDAM UK Ltd, FMR LLC and First Trust Advisors LP. 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 $17.99.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $5.11 billion and generates $429.90 million in revenue each year. The oil and natural gas company earns $75.56 million in net income (profit) each year or $0.28 on an earnings per share basis. Centennial Resource Development employs 119 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 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:  141 (Vote Outperform)
Underperform Votes:  149 (Vote Underperform)
Total Votes:  290
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 8/14/2018 by MarketBeat.com Staff

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