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 earnings results on Monday, August, 6th. The oil and natural gas company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. The oil and natural gas company had revenue of $217.76 million for the quarter, compared to analysts' expectations of $220.58 million. Centennial Resource Development had a return on equity of 6.57% and a net margin of 23.90%. The company's quarterly revenue was up 139.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
How can I listen to Centennial Resource Development's earnings call?
Centennial Resource Development will be holding an earnings conference call on Tuesday, February 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8007893525.
What price target have analysts set for CDEV?
24 Wall Street analysts have issued 1 year price objectives for Centennial Resource Development's stock. Their forecasts range from $14.00 to $31.00. On average, they anticipate Centennial Resource Development's share price to reach $23.1176 in the next twelve months. This suggests a possible upside of 78.1% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
24 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, 14 buy ratings and 1 strong buy rating 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?
Headlines about CDEV stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Centennial Resource Development earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave media headlines about the oil and natural gas company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the near term.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 25,869,484 shares, a drop of 8.8% from the January 15th total of 28,353,760 shares. Based on an average daily volume of 2,553,318 shares, the short-interest ratio is currently 10.1 days. Currently, 14.3% 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?
Some companies that are related to Centennial Resource Development include Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Noble Energy (NBL), Diamondback Energy (FANG), Cimarex Energy (XEC), Energen (EGN), Encana (ECA), Parsley Energy (PE), WPX Energy (WPX) and Murphy Oil (MUR).
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. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.06%), SailingStone Capital Partners LLC (1.99%), Harris Associates L P (1.68%), Frontier Capital Management Co. LLC (1.56%), Dimensional Fund Advisors LP (1.29%) and Lord Abbett & CO. LLC (1.19%). 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?
CDEV stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Ferguson Wellman Capital Management Inc., Harris Associates L P, Frontier Capital Management Co. LLC, First Manhattan Co., SailingStone Capital Partners LLC, Westfield Capital Management Co. LP and TD Asset Management Inc.. View Insider Buying and Selling for Centennial Resource Development.
Which major investors are buying Centennial Resource Development stock?
CDEV stock was acquired by a variety of institutional investors in the last quarter, including Ninepoint Partners LP, BlackRock Inc., Dimensional Fund Advisors LP, Lord Abbett & CO. LLC, Castleark Management LLC, Citigroup Inc., Hodges Capital Management Inc. and RR Advisors 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.
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 $12.98.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $3.59 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.
