Centennial Resource Development Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Centennial Resource Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEV, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Centennial Resource Development saw a increase in short interest in July. As of July 30th, there was short interest totaling 29,500,000 shares, an increase of 19.6% from the July 15th total of 24,670,000 shares. Based on an average daily volume of 7,940,000 shares, the short-interest ratio is currently 3.7 days. Approximately 16.2% of the shares of the company are sold short.
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Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Centennial Resource Development.

Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its earnings results on Monday, August, 2nd. The oil and natural gas company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.16. The oil and natural gas company had revenue of $232.58 million for the quarter, compared to analysts' expectations of $193.91 million. Centennial Resource Development had a negative trailing twelve-month return on equity of 3.79% and a negative net margin of 27.68%.
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Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CDEV shares have increased by 1,042.3% and is now trading at $5.62.
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11 brokerages have issued 12 month target prices for Centennial Resource Development's stock. Their forecasts range from $0.70 to $8.50. On average, they anticipate Centennial Resource Development's stock price to reach $5.53 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Some companies that are related to Centennial Resource Development include Chesapeake Energy (CHK), ARC Resources (AETUF), EQT (EQT), Antero Resources (AR), Southwestern Energy (SWN), Range Resources (RRC), PDC Energy (PDCE), Magnolia Oil & Gas (MGY), Matador Resources (MTDR), Denbury (DEN), California Resources (CRC), Murphy Oil (MUR), Viper Energy Partners (VNOM), SM Energy (SM) and CNX Resources (CNX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), OrganiGram (OGI), Zosano Pharma (ZSAN), CBL & Associates Properties (CBL), KushCo (KSHB), Pennsylvania Real Estate Investment Trust (PEI), Golar LNG Partners (GMLP) and ADMA Biologics (ADMA).

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

Centennial Resource Development's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (5.17%), Vanguard Group Inc. (3.76%), Charles Schwab Investment Management Inc. (1.29%), Invesco Ltd. (1.27%), Geode Capital Management LLC (1.21%) and Dimensional Fund Advisors LP (0.86%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Mark G Papa, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro and Us Centennial Holdings Ll Rel.
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CDEV stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, Prescott Group Capital Management L.L.C., Marshall Wace North America L.P., Marshall Wace LLP, Marshall Wace LLP, Wells Fargo & Company MN, and Parametric Portfolio Associates LLC. Company insiders that have sold Centennial Resource Development company stock in the last year include Brent P Jensen, and Matthew R Garrison.
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CDEV stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Invesco Ltd., Geode Capital Management LLC, Northern Trust Corp, Dimensional Fund Advisors LP, Morgan Stanley, Morgan Stanley, and Rafferty Asset Management LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
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Shares of CDEV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDEV stock can currently be purchased for approximately $5.62.

Centennial Resource Development has a market capitalization of $1.57 billion and generates $580.46 million in revenue each year. The oil and natural gas company earns $-682,840,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis.

Centennial Resource Development employs 151 workers across the globe.

The official website for Centennial Resource Development is www.cdevinc.com.

Centennial Resource Development is headquartered at 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202.

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]