NASDAQ:CDEVCentennial Resource Development Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Centennial Resource Development Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $0.90 +0.08 (+9.10 %) (As of 08/4/2020 04:00 PM ET) Add Compare Share Today's Range$0.85Now: $0.90▼$0.9750-Day Range$0.77MA: $0.92▼$1.3652-Week Range$0.24Now: $0.90▼$6.09Volume12.99 million shsAverage Volume11.31 million shsMarket Capitalization$249.37 millionP/E RatioN/ADividend YieldN/ABeta7.11 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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, 2018, it leased or acquired approximately 80,223 net acres; and owned 1,597 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.Read More Beat the Market (BTM) Rank™ 2.9 Analyst's Opinion Consensus RatingCentennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.72, and is based on 3 buy ratings, 7 hold ratings, and 8 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.50, Centennial Resource Development has a potential upside of 289.4% from its current price of $0.90.Amount of Analyst CoverageCentennial Resource Development has only been the subject of 4 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCentennial Resource Development has received 274 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCentennial Resource Development has received 357 “underperform” votes. (Add your “underperform” vote.)Community SentimentCentennial Resource Development has received 56.58% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCentennial Resource Development does not currently pay a dividend.Dividend GrowthCentennial Resource Development does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Centennial Resource Development insiders have bought more of their company's stock than they have sold. Specifically, they have bought $7,173,825.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 31.90% of the stock of Centennial Resource Development is held by insiders.Percentage Held by Institutions92.95% of the stock of Centennial Resource Development is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Centennial Resource Development are expected to grow in the coming year, from ($0.58) to ($0.14) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centennial Resource Development is -0.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Centennial Resource Development is -0.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCentennial Resource Development has a P/B Ratio of 0.08. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.9Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.06 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 Phone720-499-1400Debt Debt-to-Equity Ratio0.41 Current Ratio0.31 Quick Ratio0.31Price-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 / Sales0.26 Cash Flow$1.96 per share Price / Cash Flow0.46 Book Value$11.81 per share Price / Book0.08Profitability EPS (Most Recent Fiscal Year)$0.19 Net Income$15.80 million Net Margins-69.80% Return on Equity-4.45% Return on Assets-3.06%Miscellaneous Employees178 Outstanding Shares277,080,000Market Cap$249.37 million Next Earnings Date11/2/2020 (Estimated) OptionableOptionable $0.90 +0.08 (+9.10 %) (As of 08/4/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart 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. Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions How has Centennial Resource Development's stock been impacted by COVID-19 (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 stock has increased by 82.9% and is now trading at $0.90. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Centennial Resource Development? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 8 sell ratings, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Centennial Resource Development. When is Centennial Resource Development's next earnings date? Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020. View our earnings forecast for Centennial Resource Development. How were Centennial Resource Development's earnings last quarter? Centennial Resource Development Inc (NASDAQ:CDEV) posted its earnings results on Monday, May, 4th. The oil and natural gas company reported ($1.99) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $1.92. The oil and natural gas company earned $192.77 million during the quarter, compared to analyst estimates of $209.29 million. Centennial Resource Development had a negative return on equity of 4.45% and a negative net margin of 69.80%. View Centennial Resource Development's earnings history. What price target have analysts set for CDEV? 18 brokerages have issued 12-month target prices for Centennial Resource Development's stock. Their forecasts range from $0.80 to $7.00. On average, they expect Centennial Resource Development's share price to reach $3.50 in the next twelve months. This suggests a possible upside of 289.4% from the stock's current price. View analysts' price targets for Centennial Resource Development. Has Centennial Resource Development been receiving favorable news coverage? Headlines about CDEV stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. 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 news impact score of -1.0 on InfoTrie's scale. They also gave media stories about the oil and natural gas company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days. View the latest news about Centennial Resource Development. Are investors shorting Centennial Resource Development? Centennial Resource Development saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 18,470,000 shares, a decline of 12.1% from the June 30th total of 21,010,000 shares. Based on an average daily volume of 18,420,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 11.3% of the company's shares 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 Antero Resources (AR), Crescent Point Energy (CPG), Enerplus (ERF), Vermilion Energy (VET), Brigham Minerals (MNRL), GeoPark (GPRK), Enerplus (ERF), GENEL ENERGY PL/ADR (GEGYY), Kosmos Energy (KOS), Kimbell Royalty Partners (KRP), Callon Petroleum (CPE), Talos Energy (TALO), Dorchester Minerals (DMLP), Berry Petroleum (BRY) and Bonanza Creek Energy (BCEI). 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 Callon Petroleum (CPE), Whiting Petroleum (WLL), Ring Energy (REI), Ring Energy (REI), Oasis Petroleum (OAS), Energy Transfer LP Unit (ET), Gulfport Energy (GPOR), Marathon Oil (MRO), Canopy Growth (CGC) and Devon Energy (DVN). Who are Centennial Resource Development's key executives? Centennial Resource Development's management team includes the following 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. Davis O. O'Connor, VP & Gen. Counsel (Age 64) 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 institutional and retail investors. Top institutional investors include Riverstone Holdings LLC (30.12%), First Trust Advisors LP (1.86%), Oregon Public Employees Retirement Fund (0.27%), UBS Group AG (0.26%), Triad Investment Management (0.02%) and Cambridge Investment Research Advisors Inc. (0.01%). 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 Triad Investment Management. View insider buying and selling activity for Centennial Resource Development. Which institutional investors are buying Centennial Resource Development stock? CDEV stock was purchased by a variety of institutional investors in the last quarter, including Riverstone Holdings LLC, First Trust Advisors LP, Oregon Public Employees Retirement Fund, UBS Group AG, and Cambridge Investment Research Advisors 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 $0.90. How big of a company is Centennial Resource Development? Centennial Resource Development has a market capitalization of $249.37 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 178 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 8/5/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
