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, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 producing horizontal wells. 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.
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 Ratio72.89
Forward P/E Ratio22.18
P/E GrowthN/A
Sales & Book Value
Annual Sales$429.90 million
Price / Sales13.11
Cash Flow$0.8307 per share
Price / Cash24.57
Book Value$10.88 per share
Price / Book1.88
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
Employees104
Outstanding Shares276,090,000
Market Cap$5.63 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 results on Monday, August, 6th. The oil and natural gas company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The oil and natural gas company earned $217.76 million during the quarter, compared to analyst estimates of $220.58 million. Centennial Resource Development had a net margin of 24.55% and a return on equity of 5.68%. The firm's revenue was up 139.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
20 brokers have issued 12 month target prices for Centennial Resource Development's shares. Their forecasts range from $19.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $24.7778 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 2 hold ratings and 18 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 increase in short interest in the month of September. As of September 28th, there was short interest totalling 27,248,832 shares, an increase of 14.8% from the September 14th total of 23,740,854 shares. Based on an average trading volume of 2,160,409 shares, the days-to-cover ratio is presently 12.6 days. Approximately 15.1% of the shares of the company are sold short. View Centennial Resource Development's Current Options Chain.
Who are some of Centennial Resource Development's key competitors?
Some companies that are related to Centennial Resource Development include Continental Resources (CLR), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), Noble Energy (NBL), GALP ENERGIA SG/ADR (GLPEY), Rwe Ag Sp (RWEOY), Diamondback Energy (FANG), EQT (EQT), TORAY INDUSTRIE/ADR (TRYIY), Encana (ECA), Cabot Oil & Gas (COG), Cenovus Energy (CVE), Parsley Energy (PE) and Cimarex Energy (XEC).
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. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a number of of institutional and retail investors. Top institutional investors include First Manhattan Co. (0.40%), Sheets Smith Wealth Management (0.01%), Fox Run Management L.L.C. (0.01%) and Stonebridge Capital Management Inc. (0.00%). 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 institutional investors are selling Centennial Resource Development stock?
Which institutional investors are buying Centennial Resource Development stock?
CDEV stock was bought by a variety of institutional investors in the last quarter, including Sheets Smith Wealth Management, Fox Run Management L.L.C. and First Manhattan Co.. 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 $20.41.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $5.63 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.
What is Centennial Resource Development's official website?
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)
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.
