NASDAQ:CDEV - Centennial Resource Dev Stock Price, Price Target & More

Centennial Resource Dev trades on the NASDAQ under the ticker symbol "CDEV."

Centennial Resource Dev (NASDAQ:CDEV) released its earnings results on Monday, February, 26th. The oil and natural gas company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The oil and natural gas company earned $166.13 million during the quarter, compared to the consensus estimate of $152.13 million. Centennial Resource Dev had a net margin of 17.58% and a return on equity of 2.42%. View Centennial Resource Dev's Earnings History.

Centennial Resource Dev is scheduled to release their next quarterly earnings announcement on Wednesday, May, 9th 2018. View Earnings Estimates for Centennial Resource Dev.

18 Wall Street analysts have issued 1 year price targets for Centennial Resource Dev's shares. Their forecasts range from $19.00 to $31.00. On average, they anticipate Centennial Resource Dev's share price to reach $24.25 in the next year. View Analyst Ratings for Centennial Resource Dev.

Centennial Resource Dev saw a decrease in short interest in March. As of March 15th, there was short interest totalling 12,054,280 shares, a decrease of 9.7% from the February 28th total of 13,344,445 shares. Based on an average daily trading volume, of 2,656,369 shares, the short-interest ratio is currently 4.5 days. Approximately 7.6% of the shares of the company are short sold.

Some companies that are related to Centennial Resource Dev include Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Crescent Point Energy (CPG), Vermilion Energy (VET), ARC Resources (AETUF), PDC Energy (PDCE), Whiting Petroleum (WLL), Matador Resources (MTDR) and Black Stone Minerals (BSM).

News stories about CDEV stock have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centennial Resource Dev earned a daily sentiment score of 0.07 on Accern's scale. They also assigned media coverage about the oil and natural gas company an impact score of 46.97 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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.

One share of CDEV stock can currently be purchased for approximately $19.20.

Centennial Resource Dev has a market capitalization of $5.22 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 Dev employs 119 workers across the globe.

Centennial Resource Dev'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]