S&P 500   3,934.38
DOW   33,476.46
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Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
The single greatest medical breakthrough of all time? (Ad)
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The single greatest medical breakthrough of all time? (Ad)
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Closing prices for crude oil, gold and other commodities
Bear or bull market, this highly successful trader has shocking new forecast  (Ad)
Discount Retailers Could Make Good Bargain Stocks
How major US stock indexes fared Friday 12/9/2022
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
The single greatest medical breakthrough of all time? (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Costco vs Amazon: an end of the year showdown
The single greatest medical breakthrough of all time? (Ad)
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Closing prices for crude oil, gold and other commodities
Bear or bull market, this highly successful trader has shocking new forecast  (Ad)
Discount Retailers Could Make Good Bargain Stocks
How major US stock indexes fared Friday 12/9/2022
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
The single greatest medical breakthrough of all time? (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Costco vs Amazon: an end of the year showdown
The single greatest medical breakthrough of all time? (Ad)
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Closing prices for crude oil, gold and other commodities
Bear or bull market, this highly successful trader has shocking new forecast  (Ad)
Discount Retailers Could Make Good Bargain Stocks
How major US stock indexes fared Friday 12/9/2022
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
The single greatest medical breakthrough of all time? (Ad)
Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Costco vs Amazon: an end of the year showdown
The single greatest medical breakthrough of all time? (Ad)
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Closing prices for crude oil, gold and other commodities
Bear or bull market, this highly successful trader has shocking new forecast  (Ad)
Discount Retailers Could Make Good Bargain Stocks
How major US stock indexes fared Friday 12/9/2022
NASDAQ:CDEV

Permian Resources - CDEV Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
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
N/A
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.

2.08 out of 5 stars

Oils/Energy Sector

166th out of 252 stocks

Crude Petroleum & Natural Gas Industry

65th out of 79 stocks

See Top Rated MarketRank™ Stocks Here
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

September 12, 2022 | msn.com
Permian Resources co-CEOs: We can grow and return meaningful capital to shareholders
September 8, 2022 | fool.com
Centennial Resource Development, Inc. (NASDAQ: CDEV)
September 1, 2022 | finance.yahoo.com
Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources Corporation
August 24, 2022 | seekingalpha.com
Centennial Resource raised at Truist on 'transformational' merger
August 18, 2022 | nasdaq.com
CDEV Crosses Above Key Moving Average Level
August 8, 2022 | finance.yahoo.com
Centennial (CDEV) Rises 3% on Q2 Earnings & Revenues Beat
August 4, 2022 | seekingalpha.com
Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2022 Results - Earnings Call Transcript
August 3, 2022 | finance.yahoo.com
Centennial Resource Development Announces Second Quarter 2022 Results
July 29, 2022 | nasdaq.com
What's in Store for Centennial Resource's (CDEV) Q2 Earnings?
July 29, 2022 | nasdaq.com
Centennial Resource Development (NASDAQ:CDEV) Has A Pretty Healthy Balance Sheet
July 29, 2022 | finance.yahoo.com
How Much Of Centennial Resource Development, Inc. (NASDAQ:CDEV) Do Institutions Own?
July 26, 2022 | uk.finance.yahoo.com
Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call
July 26, 2022 | finance.yahoo.com
Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call
July 21, 2022 | finance.yahoo.com
Are Investors Undervaluing Centennial Resource Development (CDEV) Right Now?
July 7, 2022 | marketwatch.com
CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial - CDEV
July 5, 2022 | apnews.com
CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV
July 5, 2022 | nasdaq.com
CDEV Crosses Critical Technical Indicator
June 22, 2022 | benzinga.com
CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV
June 20, 2022 | finance.yahoo.com
Do Options Traders Know Something About Centennial Resource (CDEV) Stock We Don't?
June 15, 2022 | apnews.com
CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV
June 9, 2022 | finance.yahoo.com
Industry Analysts Just Upgraded Their Centennial Resource Development, Inc. (NASDAQ:CDEV) Revenue Forecasts By 43%
June 3, 2022 | seekingalpha.com
Centennial Resource Development (CDEV) Investor Presentation - Slideshow
June 2, 2022 | finance.yahoo.com
Here's Why Centennial (CDEV) Stock Is a Great Investment Bet
May 28, 2022 | benzinga.com
CDEV SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Centennial Resource Development, Inc. Encourages CDEV Investors to Contact the Firm
May 22, 2022 | finance.yahoo.com
Analysts Just Published A Bright New Outlook For Centennial Resource Development, Inc.'s (NASDAQ:CDEV)
See More Headlines

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CDEV Company Calendar

Last Earnings
11/03/2021
Today
12/09/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Crude Petroleum & Natural Gas
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NASDAQ:CDEV
CUSIP
N/A
CIK
1658566
Web
www.cdevinc.com
Phone
(720) 499-1400
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

EPS (Most Recent Fiscal Year)
$1.28
Trailing P/E Ratio
5.95
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$138.18 million
Net Margins
28.46%
Pretax Margin
31.89%
Return on Equity
18.68%
Return on Assets
13.04%

Debt

Debt-to-Equity Ratio
0.27
Current Ratio
1.11
Quick Ratio
1.11

Sales & Book Value

Annual Sales
$1.03 billion
Price / Sales
0.00
Cash Flow
N/A
Price / Cash Flow
4.98
Book Value
$10.43 per share
Price / Book
N/A

Miscellaneous

Outstanding Shares
284,810,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CDEV Stock - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?

8 Wall Street equities 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 equities 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 2023?

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

How were Permian Resources' earnings last quarter?

Permian Resources Co. (NASDAQ:CDEV) posted its earnings results on Wednesday, November, 3rd. The oil and natural gas company reported $0.12 EPS 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 analyst estimates of $247.86 million. Permian Resources had a net margin of 28.46% and a trailing twelve-month return on equity of 18.68%. During the same quarter in the previous year, the company earned ($0.19) earnings per share.

What other stocks do shareholders of Permian Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Permian Resources investors own include EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), OrganiGram (OGI), Zosano Pharma (ZSAN), CBL & Associates Properties (CBL), KushCo (KSHB), Pennsylvania Real Estate Investment Trust (PEI), Golar LNG Partners (GMLP) and ADMA Biologics (ADMA).

What is Permian Resources' stock symbol?

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

Who are Permian Resources' major shareholders?

Permian Resources' stock is owned by many different institutional and retail investors. Top institutional investors include Jane Street Group LLC (0.00%), Citadel Advisors LLC (0.00%), Wolverine Trading LLC (0.00%), Group One Trading L.P. (0.00%) and Cutler Group LLC CA (0.00%). Insiders that own company stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, 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 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 12/10/2022 by MarketBeat.com Staff