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 quarterly earnings data on Monday, February, 26th. The oil and natural gas company reported $0.11 earnings per share for the quarter, beating 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 analyst estimates of $152.13 million. Centennial Resource Dev had a return on equity of 2.42% and a net margin of 17.58%. 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 brokerages have issued 1 year price targets for Centennial Resource Dev's stock. Their predictions range from $19.00 to $31.00. On average, they expect 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 increase in short interest in the month of April. As of April 13th, there was short interest totalling 15,679,915 shares, an increase of 22.7% from the March 30th total of 12,782,566 shares. Based on an average trading volume of 2,583,906 shares, the days-to-cover ratio is presently 6.1 days. Currently, 9.6% of the shares of the stock are short sold.

Some companies that are related to Centennial Resource Dev include Devon Energy (DVN), Noble Energy (NBL), RWE (RWEOY), Apache (APA), Toray Industries (TRYIY), Marathon Oil (MRO), Galp (GLPEY), EQT (EQT), Diamondback Energy (FANG), Encana (ECA), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Cimarex Energy (XEC), Parsley Energy (PE) and RSP Permian (RSPP).

Press coverage about CDEV stock has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Centennial Resource Dev earned a news sentiment score of 0.09 on Accern's scale. They also assigned media stories about the oil and natural gas company an impact score of 46.38 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect 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 $18.48.

Centennial Resource Dev has a market capitalization of $5.30 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]