Centennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400
Debt
Debt-to-Equity Ratio0.13
Current Ratio0.92
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio63.32
Forward P/E Ratio20.62
P/E Growth0.48
Sales & Book Value
Annual Sales$429.90 million
Price / Sales11.39
Cash Flow$0.8483 per share
Price / Cash20.90
Book Value$10.88 per share
Price / Book1.63
Profitability
EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins22.55%
Return on Equity4.20%
Return on Assets3.67%
Miscellaneous
Employees119
Outstanding Shares276,060,000
Market Cap$4,792.37
Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions
What is Centennial Resource Development's stock symbol?
Centennial Resource Development trades on the NASDAQ under the ticker symbol "CDEV."
How were Centennial Resource Development's earnings last quarter?
Centennial Resource Development Inc (NASDAQ:CDEV) posted its quarterly earnings data on Wednesday, May, 9th. The oil and natural gas company reported $0.25 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.07. The oil and natural gas company earned $215.90 million during the quarter, compared to the consensus estimate of $197.38 million. Centennial Resource Development had a return on equity of 4.20% and a net margin of 22.55%. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
22 analysts have issued 1-year target prices for Centennial Resource Development's shares. Their predictions range from $19.00 to $31.00. On average, they expect Centennial Resource Development's share price to reach $23.8947 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price. View Analyst Ratings for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
22 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 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Centennial Resource Development's key competitors?
Some companies that are related to Centennial Resource Development include Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), EQT (EQT), Diamondback Energy (FANG), Cenovus Energy (CVE), TORAY INDUSTRIE/ADR (TRYIY), Encana (ECA), Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP) and WPX Energy (WPX).
Who are Centennial Resource Development's key executives?
Centennial Resource Development's management team includes the folowing people:
- Mr. Mark G. Papa, Chairman, CEO & Pres (Age 71)
- Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
- Mr. Sean R. Smith, COO & VP (Age 45)
- Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
- Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 63)
Has Centennial Resource Development been receiving favorable news coverage?
Headlines about CDEV stock have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.08 on Accern's scale. They also gave press coverage about the oil and natural gas company an impact score of 45.48 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Amalgamated Bank (0.01%), State of Alaska Department of Revenue (0.01%), Denali Advisors LLC (0.01%), Stonebridge Capital Management Inc. (0.00%) and Cerebellum GP LLC (0.00%). 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.
Which institutional investors are buying Centennial Resource Development stock?
CDEV stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Stonebridge Capital Management Inc., Cerebellum GP LLC, State of Alaska Department of Revenue and Amalgamated Bank. 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.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Centennial Resource Development's stock price today?
One share of CDEV stock can currently be purchased for approximately $17.73.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $4.79 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.
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]
MarketBeat Community Rating for Centennial Resource Development (NASDAQ CDEV)
MarketBeat's community ratings are surveys of what our community members think about Centennial Resource Development and other stocks. Vote "Outperform" if you believe CDEV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDEV will underperform the S&P 500 over the long term. You may vote once every thirty days.
