Centennial Resource Development Stock Forecast, Price & News

11 Wall Street equities research 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 equities research 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.
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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.
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Centennial Resource Development saw a increase in short interest in 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 trading volume of 8,290,000 shares, the short-interest ratio is presently 3.0 days. Approximately 13.8% of the shares of the company are sold short.
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Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
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Centennial Resource Development will be holding an earnings conference call on Wednesday, August 4th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-859-2056 with passcode "5061685".

Centennial Resource Development, Inc. (NASDAQ:CDEV) announced its quarterly earnings results on Tuesday, May, 4th. The oil and natural gas company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The oil and natural gas company had revenue of $192.39 million for 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%.
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Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CDEV shares have increased by 924.4% and is now trading at $5.04.
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11 Wall Street analysts have issued 12 month price objectives for Centennial Resource Development's shares. Their forecasts range from $0.70 to $8.50. On average, they expect Centennial Resource Development's stock price to reach $4.25 in the next twelve months. This suggests that the stock has a possible downside of 15.7%.
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Some companies that are related to Centennial Resource Development include Chesapeake Energy (CHK), EQT (EQT), Antero Resources (AR), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), Magnolia Oil & Gas (MGY), Denbury (DEN), Murphy Oil (MUR), Southwestern Energy (SWN), Viper Energy Partners (VNOM), ARC Resources (AETUF), CNX Resources (CNX), California Resources (CRC) and Black Stone Minerals (BSM).
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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 many different institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.07%), Cutler Group LP (0.00%), Dupont Capital Management Corp (0.03%), Cornerstone Investment Partners LLC (0.02%), Meridian Wealth Management LLC (0.01%) and Wedbush Securities Inc. (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.
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CDEV stock was sold by a variety of institutional investors in the last quarter, including Meridian Wealth Management LLC.
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CDEV stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Cutler Group LP, Dupont Capital Management Corp, Cornerstone Investment Partners LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Wedbush Securities Inc.. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
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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.
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One share of CDEV stock can currently be purchased for approximately $5.04.

Centennial Resource Development has a market capitalization of $1.41 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.

Centennial Resource Development employs 151 workers across the globe.

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

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

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]