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) announced its earnings results on Monday, February, 26th. The oil and natural gas company reported $0.11 EPS for the quarter, topping 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 the consensus estimate 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 Wall Street analysts have issued 1-year price objectives for Centennial Resource Dev's stock. Their forecasts 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 decline in short interest in the month of March. As of March 15th, there was short interest totalling 12,054,280 shares, a decline 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 presently 4.5 days. Currently, 7.6% of the company's stock are sold short.

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

Media stories about CDEV stock have been trending positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Centennial Resource Dev earned a media sentiment score of 0.25 on Accern's scale. They also gave media headlines about the oil and natural gas company an impact score of 47.45 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

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]