Centennial Resource Development Stock Forecast, Price & News

Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

How has Centennial Resource Development's stock been impacted by Coronavirus (COVID-19)?

Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CDEV stock has increased by 1,087.0% and is now trading at $5.84.
View which stocks have been most impacted by COVID-19.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022.
View our earnings forecast for Centennial Resource Development.

How were Centennial Resource Development's earnings last quarter?

Centennial Resource Development, Inc. (NASDAQ:CDEV) released its earnings results on Wednesday, November, 3rd. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.09. Centennial Resource Development had a positive trailing twelve-month return on equity of 1.23% and a negative net margin of 12.91%. During the same quarter last year, the firm earned ($0.19) EPS.
View Centennial Resource Development's earnings history.

What price target have analysts set for CDEV?

12 brokerages have issued 12-month target prices for Centennial Resource Development's shares. Their forecasts range from $1.80 to $8.50. On average, they expect Centennial Resource Development's stock price to reach $6.46 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Centennial Resource Development or view top-rated stocks among Wall Street analysts.

Who are Centennial Resource Development's key executives?

Centennial Resource Development's management team includes the following people:

• Sean R. Smith, Chief Executive Officer & Director
• Matthew R. Garrison, Chief Operating Officer & Vice President (LinkedIn Profile)
• George S. Glyphis, Chief Financial Officer & Vice President
• Colleen C. Proctor, Vice President-Information Technology
• Davis O. O'Connor, Secretary, Vice President & General Counsel

Who are some of Centennial Resource Development's key competitors?

Some companies that are related to Centennial Resource Development include ARC Resources (AETUF), Antero Resources (AR), Range Resources (RRC), PDC Energy (PDCE), Southwestern Energy (SWN), Matador Resources (MTDR), Magnolia Oil & Gas (MGY), Murphy Oil (MUR), Denbury (DEN), Viper Energy Partners (VNOM), SM Energy (SM), California Resources (CRC), Enerplus (ERF), CNX Resources (CNX) and Callon Petroleum (CPE).
View all of CDEV's 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 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 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 a number of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (3.00%), Two Sigma Advisers LP (1.61%), Dimensional Fund Advisors LP (1.49%), Geode Capital Management LLC (1.28%), Invesco Ltd. (0.85%) and Arrowstreet Capital Limited Partnership (0.79%). Company insiders that own Centennial Resource Development stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc, 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 Millennium Management LLC, Invesco Ltd., Arrowstreet Capital Limited Partnership, UBS Group AG, Morgan Stanley, BNP Paribas Arbitrage SA, Hsbc Holdings PLC, and Citigroup Inc.. Company insiders that have sold Centennial Resource Development company stock in the last year include Brent P Jensen, Jeffrey Tepper, Matthew R Garrison, and Silver Run Sponsor, Llc.
View insider buying and selling activity for Centennial Resource Development or view top insider-selling stocks.

Which institutional investors are buying Centennial Resource Development stock?

CDEV stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Allianz Asset Management GmbH, Nordea Investment Management AB, Two Sigma Advisers LP, Deutsche Bank AG, and Jump Financial LLC. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Non-Eci Usrpi Aiv Riverstone, Steven J Shapiro, and Us Centennial Holdings Ll Rel.
View insider buying and selling activity for Centennial Resource Development or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $5.84.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.66 billion and generates $580.46 million in revenue each year. The oil and natural gas company earns $-682.84 million in net income (profit) each year or ($0.41) on an earnings per share basis.

How many employees does Centennial Resource Development have?

Centennial Resource Development employs 151 workers across the globe.

What is Centennial Resource Development's official website?

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

Where are Centennial Resource Development's headquarters?

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

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].