NASDAQ:CDEV - Centennial Resource Development Stock Price, Price Target & More

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

Centennial Resource Development Inc (NASDAQ:CDEV) issued its quarterly earnings data on Wednesday, May, 9th. The oil and natural gas company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. The oil and natural gas company earned $215.90 million during the quarter, compared to analyst estimates of $197.38 million. Centennial Resource Development had a return on equity of 4.20% and a net margin of 22.55%. View Centennial Resource Development's Earnings History.

Centennial Resource Development is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Centennial Resource Development.

20 Wall Street analysts have issued twelve-month target prices for Centennial Resource Development's stock. Their forecasts range from $19.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $24.00 in the next year. View Analyst Ratings for Centennial Resource Development.

Centennial Resource Development saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 14,590,871 shares, an increase of 14.2% from the May 15th total of 12,771,896 shares. Based on an average trading volume of 2,824,070 shares, the days-to-cover ratio is currently 5.2 days. Approximately 9.0% of the company's shares are sold short. View Centennial Resource Development's Current Options Chain.

Some companies that are related to Centennial Resource Development include Marathon Oil (MRO), Noble Energy (NBL), Apache (APA), EQT (EQT), Rwe Ag Sp (RWEOY), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Encana (ECA), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Cimarex Energy (XEC), Parsley Energy (PE), WPX Energy (WPX) and RSP Permian (RSPP).

Media headlines about CDEV stock have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Centennial Resource Development earned a media sentiment score of 0.06 on Accern's scale. They also gave headlines about the oil and natural gas company an impact score of 45.88 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Centennial Resource Development's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.88%), BlackRock Inc. (2.40%), Neuberger Berman Group LLC (1.85%), Point72 Asset Management L.P. (1.18%), Millennium Management LLC (0.81%) and Dimensional Fund Advisors LP (0.65%). 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.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Tortoise Capital Advisors L.L.C., Carlyle Group L.P., Schroder Investment Management Group, Tortoise Capital Advisors L.L.C., A.R.T. Advisors LLC, Quadrature Capital Ltd and Mobius Capital Management LLC. View Insider Buying and Selling for Centennial Resource Development.

CDEV stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Point72 Asset Management L.P., Millennium Management LLC, Neuberger Berman Group LLC, BlackRock Inc., Ninepoint Partners LP, Heartland Advisors Inc. and Waratah Capital Advisors Ltd.. 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.

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.

One share of CDEV stock can currently be purchased for approximately $17.30.

Centennial Resource Development has a market capitalization of $4.78 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.

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]