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) released its earnings results on Wednesday, May, 9th. The oil and natural gas company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.07. The oil and natural gas company had revenue of $215.90 million for the quarter, compared to the consensus estimate of $197.38 million. Centennial Resource Dev had a return on equity of 4.20% and a net margin of 22.55%. View Centennial Resource Dev's Earnings History.

Centennial Resource Dev is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Centennial Resource Dev.

18 Wall Street analysts have issued 1 year price objectives for Centennial Resource Dev's shares. Their predictions range from $19.00 to $31.00. On average, they expect Centennial Resource Dev's share 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 during 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 daily volume of 2,583,906 shares, the days-to-cover ratio is currently 6.1 days. Currently, 9.6% of the company's shares are short sold.

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

News coverage about CDEV stock has trended somewhat negative recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news 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 coverage optimism score of -0.12 on Accern's scale. They also gave headlines about the oil and natural gas company an impact score of 47.88 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Centennial Resource Dev's stock is owned by a number of of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (3.88%), BlackRock Inc. (2.40%), Neuberger Berman Group LLC (1.85%), Point72 Asset Management L.P. (1.18%), Millennium Management LLC (0.81%) and Dimensional Fund Advisors LP (0.65%). Company insiders that own Centennial Resource Dev stock include George S Glyphis, Sean R Smith and Us Centennial Holdings Ll Rel. View Institutional Ownership Trends for Centennial Resource Dev.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Tortoise Capital Advisors L.L.C., Carlyle Group L.P., Schroder Investment Management Group, Tortoise Capital Advisors L.L.C., A.R.T. Advisors LLC, Quadrature Capital Ltd and Mobius Capital Management LLC. View Insider Buying and Selling for Centennial Resource Dev.

CDEV stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Point72 Asset Management L.P., Millennium Management LLC, Neuberger Berman Group LLC, BlackRock Inc., Ninepoint Partners LP, Heartland Advisors Inc. and Waratah Capital Advisors Ltd.. Company insiders that have bought Centennial Resource Dev stock in the last two years include George S Glyphis and Sean R Smith. View Insider Buying and Selling for Centennial Resource Dev.

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 $18.86.

Centennial Resource Dev has a market capitalization of $5.46 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]