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. As of December 31, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 producing horizontal wells. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Phone720-499-1400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$429.90 million
Profitability
Miscellaneous
Employees119
OptionableOptionable
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) released its quarterly earnings results on Wednesday, November, 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.04. The oil and natural gas company had revenue of $234.88 million for the quarter, compared to analysts' expectations of $239.43 million. Centennial Resource Development had a return on equity of 6.57% and a net margin of 23.90%. Centennial Resource Development's quarterly revenue was up 110.4% compared to the same quarter last year. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
25 brokers have issued 12-month target prices for Centennial Resource Development's shares. Their forecasts range from $14.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $23.2632 in the next twelve months. This suggests a possible upside of 63.8% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.
Has Centennial Resource Development been receiving favorable news coverage?
News stories about CDEV stock have trended somewhat positive on Saturday, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Centennial Resource Development earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the oil and natural gas company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near term.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 28,517,905 shares, an increase of 0.8% from the December 14th total of 28,298,940 shares. Based on an average daily volume of 4,181,804 shares, the days-to-cover ratio is currently 6.8 days. Approximately 15.7% of the company's shares are sold short. View Centennial Resource Development's Current Options Chain.
Who are some of Centennial Resource Development's key competitors?
Some companies that are related to Centennial Resource Development include Rwe Ag Sp (RWEOY), Marathon Oil (MRO), GALP ENERGIA SG/ADR (GLPEY), Devon Energy (DVN), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cenovus Energy (CVE), Energen (EGN), Cimarex Energy (XEC), Encana (ECA), Parsley Energy (PE) and WPX Energy (WPX).
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 71)
- Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
- Mr. Sean R. Smith, COO & VP (Age 45)
- Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
- Mr. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Ferguson Wellman Capital Management Inc. (0.03%) and Denali Advisors LLC (0.00%). 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.
Which major investors are selling Centennial Resource Development stock?
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 $14.20.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $3.84 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.
What is Centennial Resource Development's official website?
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)
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.
