NASDAQ:CDEV

Permian Resources - CDEV Stock Forecast, Price & News

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Today's Range: N/A
50-Day Range: $5.33
▼
$8.67
52-Week Range: N/A

Volume: 976,167 shs
Average Volume: 9.77 million shs
Market Capitalization: $2.17 billion

P/E Ratio: 5.95
Dividend Yield: N/A
Price Target: $10.57

Permian Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: ∞ Upside
$10.57 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$752,453 Sold Last Quarter
Proj. Earnings Growth: 13.11%
From $2.06 to $2.33 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Oils/Energy Sector

45th out of 261 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 81 stocks

4.3

Analyst's Opinion

Consensus Rating
Permian Resources has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $10.57, Permian Resources has a forecasted upside of ∞ from its current price of $0.00.
Amount of Analyst Coverage
Permian Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CDEV.

0.0

Dividend Strength

Dividend Yield
Permian Resources does not currently pay a dividend.
Dividend Growth
Permian Resources does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CDEV.

1.3

News and Social Media Coverage

News Sentiment
Permian Resources has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Permian Resources this week, compared to 2 articles on an average week.
Search Interest
Only 9 people have searched for CDEV on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -70% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Permian Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $752,453.00 in company stock.
Percentage Held by Insiders
29.20% of the stock of Permian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Permian Resources are expected to grow by 13.11% in the coming year, from $2.06 to $2.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Permian Resources is 5.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Permian Resources is 5.95, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 42.82.

See Top Rated MarketRank™ Stocks Here

About Permian Resources (NASDAQ:CDEV) Stock

Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 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. The company was incorporated in 2015 and is headquartered in Denver, Colorado.

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CDEV Stock News Headlines

September 23, 2022 | americanbankingnews.com

Contrasting Permian Resources (NASDAQ:CDEV) & Matador Resources (NYSE:MTDR)

September 12, 2022 | msn.com

Permian Resources co-CEOs: We can grow and return meaningful capital to shareholders

September 30, 2022 | Investing Trends (Ad)

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September 8, 2022 | fool.com

Centennial Resource Development, Inc. (NASDAQ: CDEV)

September 1, 2022 | finance.yahoo.com

Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources Corporation

August 24, 2022 | seekingalpha.com

Centennial Resource raised at Truist on 'transformational' merger

August 18, 2022 | nasdaq.com

CDEV Crosses Above Key Moving Average Level

August 8, 2022 | finance.yahoo.com

Centennial (CDEV) Rises 3% on Q2 Earnings & Revenues Beat

September 30, 2022 | Investing Trends (Ad)

The $193 Billion US-China War You Don't Know About

August 4, 2022 | seekingalpha.com

Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

Centennial Resource Development Announces Second Quarter 2022 Results

July 29, 2022 | nasdaq.com

What's in Store for Centennial Resource's (CDEV) Q2 Earnings?

July 29, 2022 | nasdaq.com

Centennial Resource Development (NASDAQ:CDEV) Has A Pretty Healthy Balance Sheet

July 29, 2022 | finance.yahoo.com

How Much Of Centennial Resource Development, Inc. (NASDAQ:CDEV) Do Institutions Own?

July 26, 2022 | uk.finance.yahoo.com

Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call

July 26, 2022 | finance.yahoo.com

Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call

July 21, 2022 | finance.yahoo.com

Are Investors Undervaluing Centennial Resource Development (CDEV) Right Now?

July 7, 2022 | marketwatch.com

CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial - CDEV

July 5, 2022 | apnews.com

CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV

July 5, 2022 | nasdaq.com

CDEV Crosses Critical Technical Indicator

June 22, 2022 | benzinga.com

CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION REMINDER: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV

June 20, 2022 | finance.yahoo.com

Do Options Traders Know Something About Centennial Resource (CDEV) Stock We Don't?

June 15, 2022 | apnews.com

CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger with Centennial – CDEV

June 9, 2022 | finance.yahoo.com

Industry Analysts Just Upgraded Their Centennial Resource Development, Inc. (NASDAQ:CDEV) Revenue Forecasts By 43%

June 3, 2022 | seekingalpha.com

Centennial Resource Development (CDEV) Investor Presentation - Slideshow

June 2, 2022 | finance.yahoo.com

Here's Why Centennial (CDEV) Stock Is a Great Investment Bet

May 28, 2022 | benzinga.com

CDEV SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Centennial Resource Development, Inc. Encourages CDEV Investors to Contact the Firm

See More Headlines

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CDEV Company Calendar

Last Earnings: 8/03/2022
Today: 9/30/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:CDEV
CUSIP: N/A
CIK: 1658566
Web: www.cdevinc.com
Phone: (720) 499-1400
Fax: N/A
Employees: 147
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $10.57
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $8.00
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.28
Trailing P/E Ratio: 5.95
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $138.18 million
Net Margins: 28.46%
Pretax Margin: 31.89%
Return on Equity: 18.68%
Return on Assets: 13.04%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.11
Quick Ratio: 1.11

Sales & Book Value

Annual Sales: $1.03 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 4.98
Book Value: $10.43 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 284,810,000
Free Float: 201,645,000
Market Cap: $2.17 billion
Optionable: Optionable
Beta: 4.90

Key Executives

Mr. Sean R. Smith (Age 49)
CEO & Director
Comp: $2.09M

Mr. George S. Glyphis (Age 52)
Exec. VP & Chief Financial Officer
Comp: $1.16M

Mr. Matthew R. Garrison (Age 40)
Exec. VP & COO
Comp: $1M

Mr. Brent P. Jensen (Age 52)
Sr. VP & Chief Accounting Officer
Comp: $838.96k

Mr. Davis O. O'Connor (Age 67)
EVP, Gen. Counsel and Sec.
Comp: $986.94k

Mr. Hays Mabry
Director of Investor Relations

Ms. Kathleen M. Phillips
VP of HR

Mr. William A. Weidig
VP of Fin. & Treasurer

Ms. Jamie L. Wheat (Age 52)
VP of Accounting

Mr. Ward Polzin CFA (Age 59)
Consultant

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CDEV Stock - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDEV shares.
View CDEV analyst ratings or view top-rated stocks.
What is Permian Resources' stock price forecast for 2022?: 8 Wall Street analysts have issued 1-year price targets for Permian Resources' shares. Their CDEV share price forecasts range from $8.00 to $12.00. On average, they expect the company's share price to reach $10.57 in the next year.
View analysts price targets for CDEV or view top-rated stocks among Wall Street analysts.
When is Permian Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CDEV earnings forecast.
How were Permian Resources' earnings last quarter?: Permian Resources Co. (NASDAQ:CDEV) announced its quarterly earnings results on Wednesday, August, 3rd. The oil and natural gas company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.20. The oil and natural gas company had revenue of $472.65 million for the quarter, compared to the consensus estimate of $393.84 million. Permian Resources had a net margin of 28.46% and a trailing twelve-month return on equity of 18.68%.

What other stocks do shareholders of Permian Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Permian Resources 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).
What is Permian Resources' stock symbol?: Permian Resources trades on the NASDAQ under the ticker symbol "CDEV."
How do I buy shares of Permian Resources?: Shares of CDEV stock 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.
How much money does Permian Resources make?: Permian Resources (NASDAQ:CDEV) has a market capitalization of $0.00 and generates $1.03 billion in revenue each year. The oil and natural gas company earns $138.18 million in net income (profit) each year or $1.28 on an earnings per share basis.
How many employees does Permian Resources have?: The company employs 147 workers across the globe.
How can I contact Permian Resources?: Permian Resources' mailing address is 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202. The official website for the company is www.cdevinc.com. The oil and natural gas company can be reached via phone at (720) 499-1400 or via email at ir@cdevinc.com.

This page (NASDAQ:CDEV) was last updated on 9/30/2022 by MarketBeat.com Staff

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Permian Resources - CDEV Stock Forecast, Price & News

Permian Resources MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Permian Resources (NASDAQ:CDEV) Stock

CDEV Stock News Headlines

CDEV Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CDEV Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™