Centennial Resource Development Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 3 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Centennial Resource Development stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDEV, but not buy additional shares or sell existing shares.
View analyst ratings for Centennial Resource Development or view top-rated stocks.

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

Centennial Resource Development saw a increase in short interest in June. As of June 30th, there was short interest totaling 25,200,000 shares, an increase of 25.1% from the June 15th total of 20,150,000 shares. Based on an average daily volume of 8,290,000 shares, the short-interest ratio is currently 3.0 days. Currently, 13.8% of the company's shares are short sold.
View Centennial Resource Development's Short Interest.

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Centennial Resource Development.

Centennial Resource Development, Inc. (NASDAQ:CDEV) posted its earnings results on Tuesday, May, 4th. The oil and natural gas company reported ($0.01) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.01. The oil and natural gas company earned $192.39 million during the quarter, compared to analyst estimates of $157.84 million. Centennial Resource Development had a negative net margin of 29.22% and a negative trailing twelve-month return on equity of 6.55%.
View Centennial Resource Development's earnings history.

Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CDEV shares have increased by 967.1% and is now trading at $5.25.
View which stocks have been most impacted by COVID-19.

11 analysts have issued twelve-month price targets for Centennial Resource Development's stock. Their forecasts range from $0.70 to $8.50. On average, they anticipate Centennial Resource Development's share price to reach $4.25 in the next twelve months. This suggests that the stock has a possible downside of 19.0%.
View analysts' price targets for Centennial Resource Development or view top-rated stocks among Wall Street analysts.

Some companies that are related to Centennial Resource Development include EQT (EQT), Chesapeake Energy (CHK), Antero Resources (AR), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), Magnolia Oil & Gas (MGY), Southwestern Energy (SWN), Murphy Oil (MUR), Denbury (DEN), CNX Resources (CNX), Viper Energy Partners (VNOM), ARC Resources (AETUF), California Resources (CRC) and Black Stone Minerals (BSM).
View all of CDEV's competitors.

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).

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

Centennial Resource Development's stock is owned by a number of retail and institutional investors. Top institutional investors include Meridian Wealth Management LLC (0.01%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, 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.

CDEV stock was sold by a variety of institutional investors in the last quarter, including Meridian Wealth Management LLC.
View insider buying and selling activity for Centennial Resource Development or view top insider-selling stocks.

Shares of CDEV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of CDEV stock can currently be purchased for approximately $5.25.

Centennial Resource Development has a market capitalization of $1.47 billion and generates $580.46 million in revenue each year. The oil and natural gas company earns $-682,840,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis.

Centennial Resource Development employs 151 workers across the globe.

The official website for Centennial Resource Development is www.cdevinc.com.

Centennial Resource Development is headquartered at 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202.

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]