NASDAQ:CDEV - Centennial Resource Development Stock Price, News, & Analysis

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

Centennial Resource Development Inc (NASDAQ:CDEV) announced its quarterly earnings data on Monday, August, 6th. The oil and natural gas company reported $0.24 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.03. The oil and natural gas company had revenue of $217.76 million for the quarter, compared to the consensus estimate of $220.58 million. Centennial Resource Development had a net margin of 24.55% and a return on equity of 5.68%. The firm's revenue was up 139.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. View Centennial Resource Development's Earnings History.

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 2018. View Earnings Estimates for Centennial Resource Development.

19 equities research analysts have issued 1-year price targets for Centennial Resource Development's stock. Their predictions range from $19.00 to $31.00. On average, they anticipate Centennial Resource Development's share price to reach $24.5625 in the next year. This suggests a possible upside of 38.2% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.

Centennial Resource Development saw a drop in short interest during the month of July. As of July 13th, there was short interest totalling 14,408,484 shares, a drop of 8.9% from the June 29th total of 15,822,006 shares. Based on an average trading volume of 2,094,957 shares, the short-interest ratio is currently 6.9 days. Currently, 8.7% of the company's stock are short sold. View Centennial Resource Development's Current Options Chain.

Some companies that are related to Centennial Resource Development include Marathon Oil (MRO), Apache (APA), GALP ENERGIA SG/ADR (GLPEY), Noble Energy (NBL), Rwe Ag Sp (RWEOY), Diamondback Energy (FANG), EQT (EQT), Encana (ECA), Cenovus Energy (CVE), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), WPX Energy (WPX) and RSP Permian (RSPP).

Media headlines about CDEV stock have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centennial Resource Development earned a daily sentiment score of 0.02 on Accern's scale. They also gave media headlines about the oil and natural gas company an impact score of 47.88 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Centennial Resource Development.

Centennial Resource Development's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (11.29%), BlackRock Inc. (2.71%), Frontier Capital Management Co. LLC (1.63%), Waddell & Reed Financial Inc. (1.06%), Dimensional Fund Advisors LP (0.93%) and Ferguson Wellman Capital Management Inc. (0.71%). 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.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Millennium Management LLC, TD Asset Management Inc., Tortoise Capital Advisors L.L.C., TVR Capital Management LP, Russell Investments Group Ltd., Waddell & Reed Financial Inc. and Paloma Partners Management Co. View Insider Buying and Selling for Centennial Resource Development.

CDEV stock was acquired by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, OppenheimerFunds Inc., BlackRock Inc., Dimensional Fund Advisors LP, Marshall Wace LLP, First Manhattan Co., CDAM UK Ltd and FMR LLC. 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.

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 $17.77.

Centennial Resource Development has a market capitalization of $5.11 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.

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]