Centennial Resource Development (CDEV) Stock Forecast, Price & News

Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Centennial Resource Development or view top-rated stocks.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Centennial Resource Development.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its quarterly earnings results on Wednesday, May, 4th. The oil and natural gas company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by $0.35. Centennial Resource Development had a trailing twelve-month return on equity of 12.30% and a net margin of 15.92%. During the same quarter last year, the firm posted ($0.01) earnings per share.
View Centennial Resource Development's earnings history.

What price target have analysts set for CDEV?

9 brokerages have issued twelve-month price targets for Centennial Resource Development's shares. Their forecasts range from $5.75 to $13.00. On average, they expect Centennial Resource Development's share price to reach $9.40 in the next twelve months. This suggests a possible upside of 44.1% from the stock's current price.
View analysts' price targets for Centennial Resource Development or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:

• Mr. Sean R. Smith, CEO & Director (Age 49, Pay $2.09M)
• Mr. George S. Glyphis, Exec. VP & Chief Financial Officer (Age 52, Pay $1.16M)
• Mr. Matthew R. Garrison, Exec. VP & COO (Age 40, Pay $1M) (LinkedIn Profile)
• Mr. Brent P. Jensen, Sr. VP & Chief Accounting Officer (Age 52, Pay $838.96k) (LinkedIn Profile)
• Mr. Davis O. O'Connor, EVP, Gen. Counsel and Sec. (Age 67, Pay $986.94k)
• Mr. Hays Mabry, Director of Investor Relations
• Ms. Kathleen M. Phillips, VP of HR
• Mr. William A. Weidig, VP of Fin. & Treasurer
• Ms. Jamie L. Wheat, VP of Accounting (Age 52)
• Mr. Ward Polzin CFA, Consultant (Age 59)

Who are some of Centennial Resource Development's key competitors?

Some companies that are related to Centennial Resource Development include PDC Energy (PDCE), Matador Resources (MTDR), Magnolia Oil & Gas (MGY), Murphy Oil (MUR), Viper Energy Partners (VNOM), SM Energy (SM), Crescent Point Energy (CPG), Enerplus (ERF), CNX Resources (CNX), Comstock Resources (CRK), Denbury (DEN), California Resources (CRC), Vermilion Energy (VET), Kosmos Energy (KOS) and Black Stone Minerals (BSM).
View all of CDEV's competitors.

What other stocks do shareholders of Centennial Resource Development own?

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).

What is Centennial Resource Development's stock symbol?

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

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by many different institutional and retail investors. Top institutional shareholders include Riverstone Holdings LLC (24.18%), State Street Corp (6.47%), Vanguard Group Inc. (3.66%), Dimensional Fund Advisors LP (3.40%), Goldman Sachs Group Inc. (2.64%) and River Road Asset Management LLC (2.17%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc 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 Riverstone Holdings LLC, JB Investments Management LLC, Lord Abbett & CO. LLC, First Trust Advisors LP, Goldman Sachs Group Inc., Teacher Retirement System of Texas, Jane Street Group LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Centennial Resource Development company stock in the last year include Brent P Jensen, Jeffrey Tepper, Matthew R Garrison, and Silver Run Sponsor, Llc.
View insider buying and selling activity for Centennial Resource Development or view top insider-selling stocks.

Which major investors are buying Centennial Resource Development stock?

CDEV stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Royal Bank of Canada, River Road Asset Management LLC, Alyeska Investment Group L.P., and Allianz Asset Management GmbH. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Non-Eci Usrpi Aiv Riverstone, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity for Centennial Resource Development or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $6.52.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.86 billion and generates $1.03 billion in revenue each year. The oil and natural gas company earns $138.18 million in net income (profit) each year or $0.59 on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 147 workers across the globe.

What is Centennial Resource Development's official website?

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

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].