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

$4.65
+0.37 (+8.64 %)
(As of 08/20/2019 01:22 AM ET)
Today's Range
$4.31
Now: $4.65
$4.66
50-Day Range
$3.94
MA: $5.92
$7.6850
52-Week Range
$3.92
Now: $4.65
$23.12
Volume5.54 million shs
Average Volume3.89 million shs
Market Capitalization$1.29 billion
P/E Ratio6.20
Dividend YieldN/A
Beta1.9
Centennial Resource Development, Inc, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$891.04 million
Cash Flow$2.2464 per share
Book Value$11.82 per share

Profitability

Net Income$199.90 million

Miscellaneous

Employees178
Market Cap$1.29 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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) issued its quarterly earnings results on Monday, August, 5th. The oil and natural gas company reported $0.08 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.09 by $0.01. The oil and natural gas company earned $244.24 million during the quarter, compared to analysts' expectations of $232.70 million. Centennial Resource Development had a net margin of 8.74% and a return on equity of 3.66%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. View Centennial Resource Development's Earnings History.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Centennial Resource Development.

What price target have analysts set for CDEV?

22 analysts have issued 1-year price targets for Centennial Resource Development's shares. Their predictions range from $5.00 to $29.00. On average, they anticipate Centennial Resource Development's stock price to reach $13.3438 in the next year. This suggests a possible upside of 187.0% from the stock's current price. View Analyst Price Targets 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 15 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Centennial Resource Development.

Has Centennial Resource Development been receiving favorable news coverage?

News articles about CDEV stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Centennial Resource Development earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Centennial Resource Development.

Are investors shorting Centennial Resource Development?

Centennial Resource Development saw a increase in short interest in July. As of July 31st, there was short interest totalling 27,284,200 shares, an increase of 16.9% from the June 30th total of 23,348,100 shares. Based on an average daily trading volume, of 4,170,000 shares, the days-to-cover ratio is presently 6.5 days. Approximately 15.0% of the shares of the company are short sold. View Centennial Resource Development's Current Options Chain.

Who are some of Centennial Resource Development's key competitors?

What other stocks do shareholders of Centennial Resource Development own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include Jagged Peak Energy (JAG), Oasis Petroleum (OAS), Alibaba Group (BABA), Chesapeake Energy (CHK), Kinder Morgan (KMI), Parsley Energy (PE), Callon Petroleum (CPE), Devon Energy (DVN), General Electric (GE) and Transocean (RIG).

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 72)
  • Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 49)
  • Mr. Sean R. Smith, COO & VP (Age 46)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 49)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 64)

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by many different of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.86%), Vanguard Group Inc. (6.23%), BlackRock Inc. (3.09%), JPMorgan Chase & Co. (1.18%), Schroder Investment Management Group (0.87%) and Charles Schwab Investment Management Inc. (0.42%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis 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 Price T Rowe Associates Inc. MD, William Blair Investment Management LLC, Invesco Ltd., Bank of America Corp DE, Morgan Stanley, Prescott Group Capital Management L.L.C., Royal Bank of Canada and First Manhattan Co.. View Insider Buying and Selling for Centennial Resource Development.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Vanguard Group Inc., Nuveen Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Schroder Investment Management Group, Carlson Capital L P, JPMorgan Chase & Co. and Balyasny Asset Management LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen and George S Glyphis. 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 $4.65.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $1.29 billion and generates $891.04 million in revenue each year. The oil and natural gas company earns $199.90 million in net income (profit) each year or $0.75 on an earnings per share basis. Centennial Resource Development employs 178 workers across the globe.View Additional Information About Centennial Resource Development.

What is Centennial Resource Development's official website?

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

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  212 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  465
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.
This page was last updated on 8/20/2019 by MarketBeat.com Staff

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