NASDAQ:CDEV - Centennial Resource Development Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $13.96 -0.65 (-4.45 %) (As of 12/12/2018 06:57 AM ET)Previous Close$14.61Today's Range$13.90 - $14.995052-Week Range$13.90 - $23.12Volume4.43 million shsAverage Volume2.46 million shsMarket Capitalization$4.21 billionP/E Ratio49.86Dividend YieldN/ABeta1.42 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive CDEV News and Ratings via Email Sign-up to receive the latest news and ratings for CDEV and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:CDEV Previous Symbol CUSIPN/A Webwww.cdevinc.com Phone720-499-1400 Debt Debt-to-Equity Ratio0.17 Current Ratio0.79 Quick Ratio0.79 Price-To-Earnings Trailing P/E Ratio49.86 Forward P/E Ratio16.23 P/E GrowthN/A Sales & Book Value Annual Sales$429.90 million Price / Sales8.97 Cash Flow$0.7620 per share Price / Cash Flow18.32 Book Value$10.88 per share Price / Book1.28 Profitability EPS (Most Recent Fiscal Year)$0.28 Net Income$75.56 million Net Margins23.90% Return on Equity6.57% Return on Assets5.40% Miscellaneous Employees119 Outstanding Shares276,290,000Market Cap$4.21 billion 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) posted its quarterly earnings data on Wednesday, November, 7th. The oil and natural gas company reported $0.17 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.04. The oil and natural gas company earned $234.88 million during the quarter, compared to analyst estimates of $239.43 million. Centennial Resource Development had a net margin of 23.90% and a return on equity of 6.57%. Centennial Resource Development's quarterly revenue was up 110.4% on a year-over-year basis. 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, February 25th 2019. View Earnings Estimates for Centennial Resource Development. What price target have analysts set for CDEV? 22 equities research analysts have issued 1 year target prices for Centennial Resource Development's shares. Their predictions range from $17.00 to $31.00. On average, they anticipate Centennial Resource Development's share price to reach $24.3158 in the next twelve months. This suggests a possible upside of 74.2% 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 5 hold ratings and 17 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? Media stories about CDEV stock have trended positive on Wednesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Centennial Resource Development earned a daily sentiment score of 2.6 on InfoTrie's scale. They also assigned headlines about the oil and natural gas company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the immediate future. Are investors shorting Centennial Resource Development? Centennial Resource Development saw a increase in short interest in November. As of November 30th, there was short interest totalling 27,708,059 shares, an increase of 6.2% from the November 15th total of 26,102,547 shares. Based on an average trading volume of 2,546,445 shares, the days-to-cover ratio is presently 10.9 days. Currently, 15.3% of the shares of the stock 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 Marathon Oil (MRO), Rwe Ag Sp (RWEOY), Devon Energy (DVN), GALP ENERGIA SG/ADR (GLPEY), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cenovus Energy (CVE), Cimarex Energy (XEC), Energen (EGN), 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 many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.33%), Vanguard Group Inc. (5.70%), Neuberger Berman Group LLC (4.07%), BlackRock Inc. (2.86%), Frontier Capital Management Co. LLC (1.78%) and Dimensional Fund Advisors LP (1.09%). 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 Ferguson Wellman Capital Management Inc., Neuberger Berman Group LLC, Tortoise Capital Advisors L.L.C., Allianz Asset Management GmbH, Marshall Wace LLP, Paloma Partners Management Co, Morgan Stanley and Great Lakes Advisors LLC. View Insider Buying and Selling for Centennial Resource Development. Which major investors are buying Centennial Resource Development stock? CDEV stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, NWQ Investment Management Company LLC, Advisory Research Inc., Schroder Investment Management Group, Eagle Asset Management Inc., Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC and American Century Companies Inc.. 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 $13.96. How big of a company is Centennial Resource Development? Centennial Resource Development has a market capitalization of $4.21 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? 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: 2.4 out of 5 ( )Outperform Votes: 164 (Vote Outperform)Underperform Votes: 175 (Vote Underperform)Total Votes: 339MarketBeat'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 12/12/2018 by MarketBeat.com StaffFeatured Article: Is a Roth IRA right for you?