NASDAQ:CDEV - Centennial Resource Dev Stock Price, Price Target & More

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

Centennial Resource Dev (NASDAQ:CDEV) released its quarterly earnings data on Monday, February, 26th. The oil and natural gas company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The oil and natural gas company had revenue of $166.13 million for the quarter, compared to analysts' expectations of $152.13 million. Centennial Resource Dev had a net margin of 17.58% and a return on equity of 2.42%. View Centennial Resource Dev's Earnings History.

Centennial Resource Dev is scheduled to release their next quarterly earnings announcement on Wednesday, May, 9th 2018. View Earnings Estimates for Centennial Resource Dev.

18 equities research analysts have issued 1-year price targets for Centennial Resource Dev's shares. Their predictions range from $19.00 to $31.00. On average, they anticipate Centennial Resource Dev's stock price to reach $24.25 in the next year. View Analyst Ratings for Centennial Resource Dev.

Centennial Resource Dev saw a decrease in short interest in March. As of March 15th, there was short interest totalling 12,054,280 shares, a decrease of 9.7% from the February 28th total of 13,344,445 shares. Based on an average daily volume of 2,656,369 shares, the short-interest ratio is currently 4.5 days. Currently, 7.6% of the shares of the company are short sold.

Some companies that are related to Centennial Resource Dev include Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), Antero Resources (AR), Energen (EGN), WPX Energy (WPX), Newfield Exploration (NFX), Murphy Oil (MUR), Crescent Point Energy (CPG), Vermilion Energy (VET), ARC Resources (AETUF), PDC Energy (PDCE), Range Resources (RRC), Black Stone Minerals (BSM), Matador Resources (MTDR), Whiting Petroleum (WLL), Viper Energy Partners (VNOM) and Jagged Peak Energy (JAG).

Headlines about CDEV stock have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centennial Resource Dev earned a media sentiment score of 0.23 on Accern's scale. They also gave news headlines about the oil and natural gas company an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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.

One share of CDEV stock can currently be purchased for approximately $18.74.

Centennial Resource Dev has a market capitalization of $4.82 billion and generates $429.90 million in revenue each year. The oil and natural gas company earns $75.56 million in net income (profit) each year or $0.28 on an earnings per share basis. Centennial Resource Dev employs 119 workers across the globe.

Centennial Resource Dev'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]