NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

$5.26
-0.42 (-7.39 %)
(As of 07/27/2021 10:51 AM ET)
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Today's Range
$5.14
$5.59
50-Day Range
$4.53
$7.33
52-Week Range
$0.51
$7.51
Volume126,923 shs
Average Volume6.67 million shs
Market Capitalization$1.47 billion
P/E RatioN/A
Dividend YieldN/A
Beta6.57
30 days | 90 days | 365 days | Advanced Chart
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Centennial Resource Development logo

About Centennial Resource Development

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, 2020, it leased or acquired approximately 81,657 net acres; and owned 1,472 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.

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MarketRank

Overall MarketRank

1.46 out of 5 stars

Oils/Energy Sector

167th out of 712 stocks

Crude Petroleum & Natural Gas Industry

62nd out of 270 stocks

Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Centennial Resource Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEV, but not buy additional shares or sell existing shares.
View analyst ratings for Centennial Resource Development
or view top-rated stocks.

What stocks does MarketBeat like better than Centennial Resource Development?

Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 25,200,000 shares, an increase of 25.1% from the June 15th total of 20,150,000 shares. Based on an average daily trading volume, of 8,290,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 13.8% of the shares of the company are sold short.
View Centennial Resource Development's Short Interest
.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Centennial Resource Development
.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) released its quarterly earnings data on Tuesday, May, 4th. The oil and natural gas company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The oil and natural gas company earned $192.39 million during the quarter, compared to analysts' expectations of $157.84 million. Centennial Resource Development had a negative net margin of 29.22% and a negative trailing twelve-month return on equity of 6.55%.
View Centennial Resource Development's earnings history
.

How has Centennial Resource Development's stock 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 shares have increased by 1,054.5% and is now trading at $5.68.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CDEV?

11 brokerages have issued 12-month price objectives for Centennial Resource Development's shares. Their forecasts range from $0.70 to $8.50. On average, they anticipate Centennial Resource Development's share price to reach $4.25 in the next twelve months. This suggests that the stock has a possible downside of 25.2%.
View analysts' price targets for Centennial Resource Development
or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:
  • Mr. Sean R. Smith, CEO & Director (Age 48, Pay $1.36M)
  • Mr. George S. Glyphis, CFO, VP & Assistant Sec. (Age 51, Pay $823.61k)
  • Mr. Matthew R. Garrison, VP & COO (Age 39, Pay $826.87k)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 51, Pay $618.74k)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 66, Pay $722.41k)
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. Stephen S. Coats, Sec. (Age 50)
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 51)

Who are some of Centennial Resource Development's key competitors?

What other stocks do shareholders of Centennial Resource Development own?

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 many different institutional and retail investors. Top institutional shareholders include Meridian Wealth Management LLC (0.01%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, 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 institutional investors are selling Centennial Resource Development stock?

CDEV stock was sold by a variety of institutional investors in the last quarter, including Meridian Wealth Management LLC.
View insider buying and selling activity for Centennial Resource Development
or view top insider-selling stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $5.68.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.59 billion and generates $580.46 million in revenue each year. The oil and natural gas company earns $-682,840,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 151 workers across the globe.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is www.cdevinc.com.

Where are Centennial Resource Development's headquarters?

Centennial Resource Development is headquartered at 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202.

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 7/27/2021 by MarketBeat.com Staff
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