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

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

Centennial Resource Development Inc (NASDAQ:CDEV) posted its quarterly earnings data on Monday, August, 6th. The oil and natural gas company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The oil and natural gas company earned $217.76 million during the quarter, compared to analysts' expectations of $220.58 million. Centennial Resource Development had a net margin of 24.55% and a return on equity of 5.68%. The firm's revenue for the quarter was up 139.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. View Centennial Resource Development's Earnings History.

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 2018. View Earnings Estimates for Centennial Resource Development.

19 Wall Street analysts have issued 12-month target prices for Centennial Resource Development's shares. Their forecasts range from $19.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $24.50 in the next twelve months. This suggests a possible upside of 39.5% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.

19 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 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.

Centennial Resource Development saw a decline in short interest in July. As of July 13th, there was short interest totalling 14,408,484 shares, a decline of 8.9% from the June 29th total of 15,822,006 shares. Based on an average daily trading volume, of 2,094,957 shares, the short-interest ratio is presently 6.9 days. Currently, 8.7% of the shares of the company are short sold. View Centennial Resource Development's Current Options Chain.

Some companies that are related to Centennial Resource Development include Marathon Oil (MRO), Apache (APA), GALP ENERGIA SG/ADR (GLPEY), Noble Energy (NBL), Rwe Ag Sp (RWEOY), Diamondback Energy (FANG), EQT (EQT), Encana (ECA), Cenovus Energy (CVE), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), WPX Energy (WPX) and RSP Permian (RSPP).

Headlines about CDEV stock have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Centennial Resource Development earned a daily sentiment score of 0.15 on Accern's scale. They also assigned media coverage about the oil and natural gas company an impact score of 46.23 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Centennial Resource Development.

Centennial Resource Development's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (11.29%), BlackRock Inc. (2.71%), Frontier Capital Management Co. LLC (1.63%), Waddell & Reed Financial Inc. (1.06%), Dimensional Fund Advisors LP (0.93%) and Ferguson Wellman Capital Management Inc. (0.71%). 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.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Millennium Management LLC, TD Asset Management Inc., Tortoise Capital Advisors L.L.C., TVR Capital Management LP, Russell Investments Group Ltd., Waddell & Reed Financial Inc. and Paloma Partners Management Co. View Insider Buying and Selling for Centennial Resource Development.

CDEV stock was acquired by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, OppenheimerFunds Inc., BlackRock Inc., Dimensional Fund Advisors LP, Marshall Wace LLP, First Manhattan Co., CDAM UK Ltd and FMR LLC. 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.

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 $17.56.

Centennial Resource Development has a market capitalization of $5.11 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.

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]