NASDAQ:CDEV - Centennial Resource Development Stock Price, Forecast & News

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

Centennial Resource Development Inc (NASDAQ:CDEV) issued its quarterly earnings data on Monday, November, 4th. The oil and natural gas company reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.01. The oil and natural gas company had revenue of $229.13 million for the quarter, compared to the consensus estimate of $227.52 million. Centennial Resource Development had a net margin of 4.08% and a return on equity of 2.32%. View Centennial Resource Development's Earnings History.

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for Centennial Resource Development.

18 Wall Street analysts have issued 12-month price objectives for Centennial Resource Development's shares. Their forecasts range from $3.00 to $15.00. On average, they anticipate Centennial Resource Development's share price to reach $8.47 in the next year. This suggests a possible upside of 141.6% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 13 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Centennial Resource Development.

News stories about CDEV stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Centennial Resource Development earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned press coverage about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Centennial Resource Development.

Some companies that are related to Centennial Resource Development include Murphy Oil (MUR), Viper Energy Partners (VNOM), Magnolia Oil & Gas (MGY), Vermilion Energy (VET), Kosmos Energy (KOS), Black Stone Minerals (BSM), ARC Resources (AETUF), Crescent Point Energy (CPG), DELEK GRP LTD/ADR (DGRLY), Matador Resources (MTDR), Jagged Peak Energy (JAG), EQT (EQT), Tellurian (TELL), Talos Energy (TALO) and PDC Energy (PDCE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include Chesapeake Energy (CHK), Kinder Morgan (KMI), Oasis Petroleum (OAS), Parsley Energy (PE), Callon Petroleum (CPE), General Electric (GE), Jagged Peak Energy (JAG), Transocean (RIG), Alibaba Group (BABA) and Devon Energy (DVN).

Centennial Resource Development's stock is owned by a number of of institutional and retail investors. Top institutional investors include Caymus Capital Partners L.P. (0.76%), Cerebellum GP LLC (0.05%), Nisa Investment Advisors LLC (0.03%), OTA Financial Group L.P. (0.02%), Usca Ria LLC (0.01%) and Ferguson Wellman Capital Management Inc. (0.00%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Mark G Papa, Steven J Shapiro and Us Centennial Holdings Ll Rel. View Institutional Ownership Trends for Centennial Resource Development.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Usca Ria LLC and Ferguson Wellman Capital Management Inc.. View Insider Buying and Selling for Centennial Resource Development.

CDEV stock was purchased by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Nisa Investment Advisors LLC, OTA Financial Group L.P., Cerebellum GP LLC and FNY Investment Advisers LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen, George S Glyphis, Mark G Papa and Steven J Shapiro. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CDEV stock can currently be purchased for approximately $3.51.

Centennial Resource Development has a market capitalization of $969.97 million 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. Centennial Resource Development employs 178 workers across the globe.View Additional Information About Centennial Resource Development.

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

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]