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) issued its quarterly earnings results on Monday, February, 26th. The oil and natural gas company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The oil and natural gas company had revenue of $166.13 million for the quarter, compared to analyst estimates 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 analysts have issued twelve-month price targets for Centennial Resource Dev's shares. Their forecasts range from $19.00 to $31.00. On average, they expect Centennial Resource Dev's share price to reach $24.25 in the next twelve months. View Analyst Ratings for Centennial Resource Dev.

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

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

Media coverage about CDEV stock has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centennial Resource Dev earned a coverage optimism score of 0.15 on Accern's scale. They also gave news articles about the oil and natural gas company an impact score of 45.30 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near 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 $18.92.

Centennial Resource Dev has a market capitalization of $5.22 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]