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MSFT   235.03 (-1.04%)
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NVDA   122.87 (+0.55%)
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BABA   80.43 (+1.73%)
AMD   63.94 (-0.31%)
T   15.44 (-0.58%)
MU   51.13 (+2.24%)
CGC   2.78 (+0.00%)
F   11.28 (-1.66%)
GE   62.37 (-0.57%)
DIS   95.52 (-1.98%)
AMC   7.12 (+0.28%)
PYPL   87.06 (-1.85%)
PFE   44.15 (-0.02%)
NFLX   238.94 (-0.32%)
NASDAQ:CDEV

Permian Resources - CDEV Stock Forecast, Price & News

Add
Compare
Today's Range
N/A
50-Day Range
$5.33
$8.67
52-Week Range
N/A
Volume
976,167 shs
Average Volume
9.77 million shs
Market Capitalization
$2.17 billion
P/E Ratio
5.95
Dividend Yield
N/A
Price Target
$10.57

Permian Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
∞ Upside
$10.57 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$752,453 Sold Last Quarter
Proj. Earnings Growth
13.11%
From $2.06 to $2.33 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Oils/Energy Sector

45th out of 261 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 81 stocks

CDEV stock logo

About Permian Resources (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.

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CDEV Stock News Headlines

The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
CDEV Crosses Above Key Moving Average Level
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
See More Headlines

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CDEV Company Calendar

Last Earnings
8/03/2022
Today
9/30/2022
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
$10.57
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$8.00
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$138.18 million
Pretax Margin
31.89%

Debt

Sales & Book Value

Annual Sales
$1.03 billion
Book Value
$10.43 per share

Miscellaneous

Free Float
201,645,000
Market Cap
$2.17 billion
Optionable
Optionable
Beta
4.90

Key Executives

  • Mr. Sean R. Smith (Age 49)
    CEO & Director
    Comp: $2.09M
  • Mr. George S. Glyphis (Age 52)
    Exec. VP & Chief Financial Officer
    Comp: $1.16M
  • Mr. Matthew R. Garrison (Age 40)
    Exec. VP & COO
    Comp: $1M
  • Mr. Brent P. JensenMr. Brent P. Jensen (Age 52)
    Sr. VP & Chief Accounting Officer
    Comp: $838.96k
  • Mr. Davis O. O'Connor (Age 67)
    EVP, Gen. Counsel and Sec.
    Comp: $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 (Age 52)
    VP of Accounting
  • Mr. Ward Polzin CFA (Age 59)
    Consultant













CDEV Stock - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDEV shares.
View CDEV analyst ratings
or view top-rated stocks.

What is Permian Resources' stock price forecast for 2022?

8 Wall Street analysts have issued 1-year price targets for Permian Resources' shares. Their CDEV share price forecasts range from $8.00 to $12.00. On average, they expect the company's share price to reach $10.57 in the next year.
View analysts price targets for CDEV
or view top-rated stocks among Wall Street analysts.

When is Permian Resources' 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 Permian Resources' earnings last quarter?

Permian Resources Co. (NASDAQ:CDEV) announced its quarterly earnings results on Wednesday, August, 3rd. The oil and natural gas company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.20. The oil and natural gas company had revenue of $472.65 million for the quarter, compared to the consensus estimate of $393.84 million. Permian Resources had a net margin of 28.46% and a trailing twelve-month return on equity of 18.68%.

What other stocks do shareholders of Permian Resources own?
What is Permian Resources' stock symbol?

Permian Resources trades on the NASDAQ under the ticker symbol "CDEV."

How do I buy shares of Permian Resources?

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.

How much money does Permian Resources make?

Permian Resources (NASDAQ:CDEV) has a market capitalization of $0.00 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 Permian Resources have?

The company employs 147 workers across the globe.

How can I contact Permian Resources?

Permian Resources' 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 9/30/2022 by MarketBeat.com Staff

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