Centennial Resource Development - CDEV Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CDEV shares. 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.
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9 brokerages have issued twelve-month target prices for Centennial Resource Development's shares. Their CDEV share price forecasts range from $5.75 to $12.00. On average, they anticipate the company's share price to reach $10.13 in the next year. This suggests a possible upside of 42.7% from the stock's current price.
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Centennial Resource Development's stock was trading at $5.98 on January 1st, 2022. Since then, CDEV shares have increased by 18.7% and is now trading at $7.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its quarterly earnings data on Wednesday, November, 3rd. The oil and natural gas company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.09. The oil and natural gas company had revenue of $288.51 million for the quarter, compared to analysts' expectations of $247.86 million. Centennial Resource Development had a trailing twelve-month return on equity of 18.68% and a net margin of 28.46%. During the same quarter in the previous year, the company earned ($0.19) earnings per share.

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), 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).

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

Centennial Resource Development's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (5.54%), River Road Asset Management LLC (3.36%), Millennium Management LLC (1.60%), Frontier Capital Management Co. LLC (1.05%), Deutsche Bank AG (0.88%) and Renaissance Technologies LLC (0.83%). Insiders that own company stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Mark G Papa, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc, Steven J Shapiro and Us Centennial Holdings Ll Rel.
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Shares of CDEV stock 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.
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One share of CDEV stock can currently be purchased for approximately $7.10.

Centennial Resource Development (NASDAQ:CDEV) has a market capitalization of $2.02 billion 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.

The company employs 147 workers across the globe.

Centennial Resource Development's 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.