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.
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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$891.04 million
Profitability
Miscellaneous
Employees178
Next Earnings Date11/4/2019 (Estimated)
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 earnings results on Monday, August, 5th. The oil and natural gas company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. The oil and natural gas company had revenue of $244.24 million for the quarter, compared to analysts' expectations of $232.70 million. Centennial Resource Development had a net margin of 8.74% and a return on equity of 3.66%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
22 Wall Street analysts have issued twelve-month price targets for Centennial Resource Development's stock. Their forecasts range from $6.00 to $23.00. On average, they anticipate Centennial Resource Development's share price to reach $10.50 in the next year. This suggests a possible upside of 109.2% 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 14 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Centennial Resource Development.
Has Centennial Resource Development been receiving favorable news coverage?
Headlines about CDEV stock have trended somewhat negative on Sunday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -1.3 on InfoTrie's scale. They also assigned news headlines about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Centennial Resource Development.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 24,064,400 shares, a drop of 11.8% from the July 31st total of 27,284,200 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 13.3% of the company's shares are sold short. 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 Cimarex Energy (XEC), WPX Energy (WPX), Viper Energy Partners (VNOM), Murphy Oil (MUR), Black Stone Minerals (BSM), Magnolia Oil & Gas (MGY), EQT (EQT), Chesapeake Energy (CHK), Vermilion Energy (VET), Kosmos Energy (KOS), Crescent Point Energy (CPG), Tellurian (TELL), PDC Energy (PDCE), Matador Resources (MTDR) and Enerplus (ERF).
What other stocks do shareholders of Centennial Resource Development own?
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. Davis O. O'Connor, VP & Gen. Counsel (Age 64)
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by a number of of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.86%), Vanguard Group Inc. (6.23%), BlackRock Inc. (3.09%), JPMorgan Chase & Co. (1.18%), Schroder Investment Management Group (0.87%) and Charles Schwab Investment Management Inc. (0.42%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis 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 Price T Rowe Associates Inc. MD, William Blair Investment Management LLC, Invesco Ltd., Bank of America Corp DE, Morgan Stanley, Prescott Group Capital Management L.L.C., Royal Bank of Canada and First Manhattan Co.. 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 Peregrine Capital Management LLC, Vanguard Group Inc., Nuveen Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Schroder Investment Management Group, Carlson Capital L P, JPMorgan Chase & Co. and Balyasny Asset Management LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include Brent P Jensen and George S Glyphis. 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, 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 $5.02.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $1.39 billion and generates $891.04 million in revenue each year. The oil and natural gas company earns $199.90 million in net income (profit) each year or $0.75 on an earnings per share basis. Centennial Resource Development employs 178 workers across the globe.View Additional Information About Centennial Resource Development.
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.
