NASDAQ:CDEV Centennial Resource Development Stock Forecast, Price & 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 $0.74 +0.05 (+7.25 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$0.70Now: $0.74▼$0.8150-Day Range$0.52MA: $0.75▼$0.9252-Week Range$0.24Now: $0.74▼$5.35Volume15.82 million shsAverage Volume12.96 million shsMarket Capitalization$205.98 millionP/E RatioN/ADividend YieldN/ABeta6.77 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial 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™ 2.8 Analyst's Opinion Consensus RatingCentennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.56, and is based on 2 buy ratings, 5 hold ratings, and 9 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.15, Centennial Resource Development has a forecasted upside of 190.5% from its current price of $0.74.Amount of Analyst CoverageCentennial Resource Development has only been the subject of 4 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCentennial Resource Development has received 276 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCentennial Resource Development has received 362 “underperform” votes. (Add your “underperform” vote.)Community SentimentCentennial Resource Development has received 56.74% “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 $81,450.00 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 Institutions68.26% 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 ($0.90) to ($0.17) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centennial Resource Development is -0.38, 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 -0.38, 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 0.06. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.8Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.05 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 Ratio0.49 Quick Ratio0.49Price-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 / Sales0.22 Cash Flow$2.31 per share Price / Cash Flow0.32 Book Value$11.81 per share Price / Book0.06Profitability EPS (Most Recent Fiscal Year)$0.19 Net Income$15.80 million Net Margins-69.80% Return on Equity-3.91% Return on Assets-2.69%Miscellaneous Employees178 Outstanding Shares278,309,000Market Cap$205.98 million Next Earnings Date11/2/2020 (Estimated) OptionableOptionable $0.74 +0.05 (+7.25 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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 price been impacted by COVID-19? 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 stock has increased by 50.4% and is now trading at $0.7401. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Centennial Resource Development? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 9 sell ratings, 5 hold ratings and 2 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, November 2nd 2020. View our earnings forecast for Centennial Resource Development. How were Centennial Resource Development's earnings last quarter? Centennial Resource Development Inc (NASDAQ:CDEV) announced its quarterly earnings results on Monday, August, 3rd. The oil and natural gas company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.01. The oil and natural gas company earned $90.51 million during the quarter, compared to analyst estimates of $83.38 million. Centennial Resource Development had a negative return on equity of 3.91% and a negative net margin of 69.80%. View Centennial Resource Development's earnings history. What price target have analysts set for CDEV? 16 brokerages have issued 1 year price objectives for Centennial Resource Development's shares. Their forecasts range from $0.80 to $5.00. On average, they anticipate Centennial Resource Development's stock price to reach $2.15 in the next year. This suggests a possible upside of 190.5% from the stock's current price. View analysts' price targets for Centennial Resource Development. Who are some of Centennial Resource Development's key competitors? Some companies that are related to Centennial Resource Development include Crescent Point Energy (CPG), Enerplus (ERF), Brigham Minerals (MNRL), GENEL ENERGY PL/ADR (GEGYY), Kosmos Energy (KOS), GeoPark (GPRK), Talos Energy (TALO), Vermilion Energy (VET), Enerplus (ERF), Bonanza Creek Energy (BCEI), Kimbell Royalty Partners (KRP), Dorchester Minerals (DMLP), Berry Petroleum (BRY), Hess Midstream Partners (HESM) and W&T Offshore (WTI). 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 EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), CBL & Associates Properties (CBL), OrganiGram (OGI), Zosano Pharma (ZSAN), KushCo (KSHB), Pennsylvania R.E.I.T. (PEI), Golar LNG Partners (GMLP) and Gran Tierra Energy (GTE). 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 variety of institutional and retail investors. Top institutional shareholders include Riverstone Holdings LLC (30.12%), Prescott Group Capital Management L.L.C. (2.78%), First Trust Advisors LP (1.86%), AQR Capital Management LLC (1.39%), WINTON GROUP Ltd (1.28%) and FMR LLC (0.99%). Company insiders that own Centennial Resource Development stock include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, 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 FMR LLC, FMR LLC, Prescott Group Capital Management L.L.C., AQR Capital Management LLC, Goldman Sachs Group Inc., Bank of America Corp DE, Bank of New York Mellon Corp, and Two Sigma Advisers LP. View insider buying and selling activity 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 Riverstone Holdings LLC, First Trust Advisors LP, WINTON GROUP Ltd, Nuveen Asset Management LLC, Jane Street Group LLC, Oregon Public Employees Retirement Fund, Charles Schwab Investment Management Inc., and UBS Group AG. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, 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 $0.74. How big of a company is Centennial Resource Development? Centennial Resource Development has a market capitalization of $205.98 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 9/20/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
