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
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone720-499-1400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$891.04 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable
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, February, 25th. The oil and natural gas company reported $0.12 EPS for the quarter, missing the Zacks' consensus estimate of $0.15 by $0.03. The oil and natural gas company earned $222.50 million during the quarter, compared to the consensus estimate of $238.16 million. Centennial Resource Development had a return on equity of 6.51% and a net margin of 22.43%. The business's quarterly revenue was up 34.0% compared to the same quarter last year. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
23 analysts have issued 1 year price objectives for Centennial Resource Development's stock. Their forecasts range from $10.00 to $30.00. On average, they expect Centennial Resource Development's share price to reach $19.3529 in the next twelve months. This suggests a possible upside of 113.1% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 1 sell rating, 10 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.
Has Centennial Resource Development been receiving favorable news coverage?
News stories about CDEV stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Centennial Resource Development earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a drop in short interest in the month of February. As of February 28th, there was short interest totalling 20,782,179 shares, a drop of 14.2% from the February 15th total of 24,224,446 shares. Based on an average daily volume of 5,622,836 shares, the short-interest ratio is presently 3.7 days. Approximately 11.5% of the company's shares 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 Energen (EGN), Encana (ECA), Cimarex Energy (XEC), Parsley Energy (PE), WPX Energy (WPX), Murphy Oil (MUR), Chesapeake Energy (CHK), EQT (EQT), Eclipse Resources (ECR), Viper Energy Partners (VNOM), Vermilion Energy (VET), Black Stone Minerals (BSM), Newfield Exploration (NFX), Magnolia Oil & Gas (MGY) and PDC Energy (PDCE).
What other stocks do shareholders of Centennial Resource Development own?
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 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. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (13.54%), BlackRock Inc. (3.06%), SailingStone Capital Partners LLC (1.99%), Harris Associates L P (1.68%), Frontier Capital Management Co. LLC (1.56%) and Dimensional Fund Advisors LP (1.29%). 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 major investors are selling Centennial Resource Development stock?
CDEV stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, FMR LLC, Ferguson Wellman Capital Management Inc., Harris Associates L P, Frontier Capital Management Co. LLC, First Manhattan Co., SailingStone Capital Partners LLC and Westfield Capital Management Co. LP. View Insider Buying and Selling for Centennial Resource Development.
Which major investors are buying Centennial Resource Development stock?
CDEV stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Ninepoint Partners LP, BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Lord Abbett & CO. LLC, Castleark Management LLC and Citigroup Inc.. 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 $9.08.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $2.51 billion and generates $891.04 million in revenue each year. The oil and natural gas company earns $199.90 million in net income (profit) each year or $0.75 on an earnings per share basis.
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.
