Centennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin. 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
SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400
Debt
Debt-to-Equity Ratio0.13
Current Ratio0.92
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio64.14
Forward P/E Ratio20.88
P/E Growth0.47
Sales & Book Value
Annual Sales$429.90 million
Price / Sales11.53
Cash Flow$0.8635 per share
Price / Cash20.80
Book Value$10.88 per share
Price / Book1.65
Profitability
EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins22.55%
Return on Equity4.20%
Return on Assets3.67%
Miscellaneous
Employees119
Outstanding Shares276,060,000
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) posted its earnings results on Wednesday, May, 9th. The oil and natural gas company reported $0.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.07. The oil and natural gas company earned $215.90 million during the quarter, compared to the consensus estimate of $197.38 million. Centennial Resource Development had a return on equity of 4.20% and a net margin of 22.55%. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
20 brokers have issued 1 year target prices for Centennial Resource Development's shares. Their forecasts range from $19.00 to $31.00. On average, they anticipate Centennial Resource Development's stock price to reach $24.00 in the next twelve months. View Analyst Ratings for Centennial Resource Development.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 14,590,871 shares, an increase of 14.2% from the May 15th total of 12,771,896 shares. Based on an average daily trading volume, of 2,824,070 shares, the days-to-cover ratio is currently 5.2 days. Currently, 9.0% 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 Concho Resources (CXO), Marathon Oil (MRO), Apache (APA), Noble Energy (NBL), EQT (EQT), GALP ENERGIA SG/ADR (GLPEY), Rwe Ag Sp (RWEOY), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Encana (ECA), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Cimarex Energy (XEC), Parsley Energy (PE) and WPX Energy (WPX).
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 71)
- Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
- Mr. Sean R. Smith, COO & VP (Age 45)
- Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
- Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 63)
Has Centennial Resource Development been receiving favorable news coverage?
Media stories about CDEV stock have trended positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centennial Resource Development earned a news sentiment score of 0.42 on Accern's scale. They also assigned news headlines about the oil and natural gas company an impact score of 46.43 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.88%), BlackRock Inc. (2.40%), Neuberger Berman Group LLC (1.85%), Point72 Asset Management L.P. (1.18%), Millennium Management LLC (0.81%) and Dimensional Fund Advisors LP (0.65%). 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 institutional investors are selling Centennial Resource Development stock?
CDEV stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Tortoise Capital Advisors L.L.C., Carlyle Group L.P., Schroder Investment Management Group, Tortoise Capital Advisors L.L.C., A.R.T. Advisors LLC, Quadrature Capital Ltd and Mobius Capital Management LLC. View Insider Buying and Selling for Centennial Resource Development.
Which institutional investors are buying Centennial Resource Development stock?
CDEV stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Point72 Asset Management L.P., Millennium Management LLC, Neuberger Berman Group LLC, BlackRock Inc., Ninepoint Partners LP, Heartland Advisors Inc. and Waratah Capital Advisors Ltd.. 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 $17.96.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $4.77 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 Development employs 119 workers across the globe.
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 (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.
