S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:CDEV

Centennial Resource Development (CDEV) Stock Forecast, Price & News

$6.52
-0.41 (-5.92%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$6.37
$7.02
50-Day Range
$6.52
$9.42
52-Week Range
$3.90
$9.58
Volume
22.77 million shs
Average Volume
10.09 million shs
Market Capitalization
$1.86 billion
P/E Ratio
11.05
Dividend Yield
N/A
Beta
5.21
30 days | 90 days | 365 days | Advanced Chart
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Centennial Resource Development logo

About Centennial Resource Development

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.

Headlines

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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

Sales & Book Value

Annual Sales
$1.03 billion
Cash Flow
$1.51 per share
Book Value
$9.73 per share

Profitability

Net Income
$138.18 million
Pretax Margin
16.54%

Debt

Price-To-Earnings

Miscellaneous

Free Float
201,645,000
Market Cap
$1.86 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/20/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.63 out of 5 stars

Oils/Energy Sector

43rd out of 372 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 120 stocks

Analyst Opinion: 4.2Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy 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 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Centennial Resource Development stock. 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 analyst ratings for Centennial Resource Development
or view top-rated stocks.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Centennial Resource Development
.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its quarterly earnings results on Wednesday, May, 4th. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by $0.35. Centennial Resource Development had a trailing twelve-month return on equity of 12.30% and a net margin of 15.92%. During the same quarter last year, the firm posted ($0.01) earnings per share.
View Centennial Resource Development's earnings history
.

What price target have analysts set for CDEV?

9 brokerages have issued twelve-month price targets for Centennial Resource Development's shares. Their forecasts range from $5.75 to $13.00. On average, they expect Centennial Resource Development's share price to reach $9.40 in the next twelve months. This suggests a possible upside of 44.1% from the stock's current price.
View analysts' price targets for Centennial Resource Development
or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?
Centennial Resource Development's management team includes the following people:
  • Mr. Sean R. Smith, CEO & Director (Age 49, Pay $2.09M)
  • Mr. George S. Glyphis, Exec. VP & Chief Financial Officer (Age 52, Pay $1.16M)
  • Mr. Matthew R. Garrison, Exec. VP & COO (Age 40, Pay $1M) (LinkedIn Profile)
  • Mr. Brent P. Jensen, Sr. VP & Chief Accounting Officer (Age 52, Pay $838.96k) (LinkedIn Profile)
  • Mr. Davis O. O'Connor, EVP, Gen. Counsel and Sec. (Age 67, Pay $986.94k)
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 52)
  • Mr. Ward Polzin CFA, Consultant (Age 59)
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 many different institutional and retail investors. Top institutional shareholders include Riverstone Holdings LLC (24.18%), State Street Corp (6.47%), Vanguard Group Inc. (3.66%), Dimensional Fund Advisors LP (3.40%), Goldman Sachs Group Inc. (2.64%) and River Road Asset Management LLC (2.17%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc 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 Riverstone Holdings LLC, JB Investments Management LLC, Lord Abbett & CO. LLC, First Trust Advisors LP, Goldman Sachs Group Inc., Teacher Retirement System of Texas, Jane Street Group LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Centennial Resource Development company stock in the last year include Brent P Jensen, Jeffrey Tepper, Matthew R Garrison, and Silver Run Sponsor, Llc.
View insider buying and selling activity for Centennial Resource Development
or view top insider-selling stocks.

Which major investors are buying Centennial Resource Development stock?

CDEV stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Royal Bank of Canada, River Road Asset Management LLC, Alyeska Investment Group L.P., and Allianz Asset Management GmbH. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Non-Eci Usrpi Aiv Riverstone, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity for Centennial Resource Development
or or view top insider-buying stocks.

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 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 $6.52.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.86 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 $0.59 on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 147 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 5/21/2022 by MarketBeat.com Staff

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