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NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

$6.35
+0.53 (+9.11 %)
(As of 09/27/2021 12:45 PM ET)
Add
Compare
Today's Range
$6.00
$6.41
50-Day Range
$4.09
$5.89
52-Week Range
$0.53
$7.51
Volume238,987 shs
Average Volume8.40 million shs
Market Capitalization$1.77 billion
P/E RatioN/A
Dividend YieldN/A
Beta6.55
30 days | 90 days | 365 days | Advanced Chart
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Centennial Resource Development logo

About Centennial Resource Development

Centennial Resource Development, Inc. operates as oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded in October 2014 and is headquartered in Denver, CO.

Headlines

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Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Current Symbol
NASDAQ:CDEV
Employees
151
Year Founded
N/A

Sales & Book Value

Annual Sales
$580.46 million
Cash Flow
$0.51 per share
Book Value
$9.35 per share

Profitability

Net Income
$-682,840,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$1.77 billion
Next Earnings Date
11/1/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

2.33 out of 5 stars

Oils/Energy Sector

72nd out of 345 stocks

Crude Petroleum & Natural Gas Industry

29th out of 111 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 2.5 5 -4 -3 -2 -1 -












Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Centennial Resource Development
or view top-rated stocks.

What stocks does MarketBeat like better than Centennial Resource Development?

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.
View MarketBeat's top stock picks here.

When is Centennial Resource Development's next earnings date?

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
.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) released its quarterly earnings results on Monday, August, 2nd. The oil and natural gas company reported ($0.09) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.16. The oil and natural gas company earned $232.58 million during the quarter, compared to analyst estimates 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%.
View Centennial Resource Development's earnings history
.

How has Centennial Resource Development's stock price been impacted by COVID-19 (Coronavirus)?

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 stock has increased by 1,188.6% and is now trading at $6.34.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CDEV?

11 Wall Street analysts have issued 1-year 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 twelve months. This suggests that the stock has a possible downside of 12.8%.
View analysts' price targets for Centennial Resource Development
or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:
  • Sean R. Smith, Chief Executive Officer & Director
  • Matthew R. Garrison, Chief Operating Officer & Vice President (LinkedIn Profile)
  • George S. Glyphis, Chief Financial Officer & Vice President
  • Colleen C. Proctor, Vice President-Information Technology
  • Davis O. O'Connor, Secretary, Vice President & General Counsel

What other stocks do shareholders of Centennial Resource Development own?

What is Centennial Resource Development's stock symbol?

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

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by many different retail and institutional 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.
View institutional ownership trends for Centennial Resource Development
.

Which institutional investors are selling Centennial Resource Development stock?

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.
View insider buying and selling activity for Centennial Resource Development
or view top insider-selling stocks.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was acquired 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.
View insider buying and selling activity for Centennial Resource Development
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $6.34.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.77 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.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 151 workers across the globe.

What is Centennial Resource Development's official website?

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

Where are Centennial Resource Development's headquarters?

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

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].


This page was last updated on 9/27/2021 by MarketBeat.com Staff

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