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NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

Lowest-Rated Stocks  
$1.48
+0.20 (+15.63 %)
(As of 12/4/2020 05:04 PM ET)
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Compare
Today's Range
$1.32
Now: $1.48▼
$1.52
50-Day Range
$0.55
MA: $0.82▼
$1.27
52-Week Range
$0.24
Now: $1.48▼
$5.35
Volume12.38 million shs
Average Volume11.40 million shs
Market Capitalization$411.94 million
P/E RatioN/A
Dividend YieldN/A
Beta6.81
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, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 net mineral acres in the Delaware Basin. 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.
Centennial Resource Development logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.8Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.74 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CDEV
Previous Symbol
CUSIPN/A
CIK1658566
Webwww.cdevinc.com
Phone720-499-1400
Employees195

Debt

Debt-to-Equity Ratio0.41
Current Ratio0.53
Quick Ratio0.53

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$944.33 million
Price / Sales0.44
Cash Flow$2.24 per share
Price / Cash Flow0.66
Book Value$9.66 per share
Price / Book0.15

Profitability

EPS (Most Recent Fiscal Year)$0.19
Net Income$15.80 million
Net Margins-84.87%
Return on Equity-6.02%
Return on Assets-4.11%

Miscellaneous

Outstanding Shares278,341,000
Market Cap$411.94 million
Next Earnings Date2/22/2021 (Estimated)
OptionableOptionable
$1.48
+0.20 (+15.63 %)
(As of 12/4/2020 05:04 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

How has Centennial Resource Development's stock price been impacted by Coronavirus?

Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CDEV shares have increased by 198.8% and is now trading at $1.47.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Centennial Resource Development?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 8 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Centennial Resource Development or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Centennial Resource Development?

Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
View our earnings forecast for Centennial Resource Development.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) issued its quarterly earnings data on Saturday, November, 7th. The oil and natural gas company reported ($0.19) earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.19). The oil and natural gas company earned $149.10 million during the quarter, compared to analyst estimates of $115.94 million. Centennial Resource Development had a negative return on equity of 6.02% and a negative net margin of 84.87%.
View Centennial Resource Development's earnings history.

What price target have analysts set for CDEV?

15 Wall Street analysts have issued twelve-month price targets for Centennial Resource Development's shares. Their forecasts range from $0.70 to $5.00. On average, they anticipate Centennial Resource Development's share price to reach $1.69 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
View analysts' price targets for Centennial Resource Development.

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

Some companies that are related to Centennial Resource Development include Matador Resources (MTDR), Comstock Resources (CRK), Antero Resources (AR), Crescent Point Energy (CPG), Kosmos Energy (KOS), Enerplus Co. (ERF.TO) (ERF), Par Pacific (PARR), Vermilion Energy (VET), Talos Energy (TALO), GeoPark (GPRK), Enerplus (ERF), Brigham Minerals (MNRL), Kimbell Royalty Partners (KRP), Tellurian (TELL) and SM Energy (SM).
View all 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 EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), OrganiGram (OGI), Zosano Pharma (ZSAN), CBL & Associates Properties (CBL), KushCo (KSHB), Pennsylvania Real Estate Investment Trust (PEI), Golar LNG Partners (GMLP) and ADMA Biologics (ADMA).

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:
  • Mr. Sean R. Smith, CEO & Director (Age 47, Pay $1.12M)
  • Mr. George S. Glyphis, CFO, VP & Assistant Sec. (Age 50, Pay $1.01M)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 50, Pay $671.96k)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 65, Pay $840.06k)
  • Mr. Matt R. Garrison, VP & COO
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. Stephen S. Coats, Sec. (Age 49)
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 50)

What is Centennial Resource Development's stock symbol?

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

Who are Centennial Resource Development's major shareholders?

Centennial Resource Development's stock is owned by many different retail and institutional investors. Top institutional shareholders include Arrowstreet Capital Limited Partnership (2.22%), BlackRock Inc. (1.45%), Charles Schwab Investment Management Inc. (0.93%), AQR Capital Management LLC (0.82%), WINTON GROUP Ltd (0.64%) and Connor Clark & Lunn Investment Management Ltd. (0.39%). Company insiders that own Centennial Resource Development stock include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro 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 First Trust Advisors LP, WINTON GROUP Ltd, AQR Capital Management LLC, Paloma Partners Management Co, Jane Street Group LLC, Squarepoint Ops LLC, BlackRock Inc., and Connor Clark & Lunn Investment Management Ltd..
View insider buying and selling activity for Centennial Resource Development.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Charles Schwab Investment Management Inc., Wells Fargo & Company MN, and Cannell Peter B & Co. Inc.. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $1.47.

How big of a company is Centennial Resource Development?

Centennial Resource Development has a market capitalization of $409.16 million and generates $944.33 million in revenue each year. The oil and natural gas company earns $15.80 million in net income (profit) each year or $0.19 on an earnings per share basis. Centennial Resource Development employs 195 workers across the globe.

What is Centennial Resource Development's official website?

The official website for Centennial Resource Development is 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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff
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