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. As of December 31, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 producing horizontal wells. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:CDEV
Previous Symbol
CUSIPN/A
Phone720-499-1400
Debt
Debt-to-Equity Ratio0.17
Current Ratio0.79
Quick Ratio0.79
Price-To-Earnings
Trailing P/E Ratio54.36
Forward P/E Ratio17.70
P/E GrowthN/A
Sales & Book Value
Annual Sales$429.90 million
Price / Sales9.78
Cash Flow$0.8308 per share
Price / Cash Flow18.32
Book Value$10.88 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$0.28
Net Income$75.56 million
Net Margins23.90%
Return on Equity6.57%
Return on Assets5.40%
Miscellaneous
Employees119
Outstanding Shares276,290,000
Market Cap$4.21 billion
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 Wednesday, November, 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.04. The oil and natural gas company had revenue of $234.88 million for the quarter, compared to the consensus estimate of $239.43 million. Centennial Resource Development had a return on equity of 6.57% and a net margin of 23.90%. Centennial Resource Development's revenue for the quarter was up 110.4% on a year-over-year basis. View Centennial Resource Development's Earnings History.
When is Centennial Resource Development's next earnings date?
What price target have analysts set for CDEV?
21 analysts have issued 1 year price targets for Centennial Resource Development's shares. Their predictions range from $17.00 to $31.00. On average, they expect Centennial Resource Development's stock price to reach $24.3158 in the next twelve months. This suggests a possible upside of 59.8% from the stock's current price. View Analyst Price Targets for Centennial Resource Development.
What is the consensus analysts' recommendation for Centennial Resource Development?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centennial Resource Development.
Has Centennial Resource Development been receiving favorable news coverage?
Media coverage about CDEV stock has trended somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Centennial Resource Development earned a news impact score of 1.9 on InfoTrie's scale. They also gave news headlines about the oil and natural gas company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next few days.
Are investors shorting Centennial Resource Development?
Centennial Resource Development saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 26,102,547 shares, an increase of 5.4% from the October 31st total of 27,604,955 shares. Based on an average trading volume of 3,589,984 shares, the days-to-cover ratio is currently 7.3 days. Approximately 14.4% of the shares of the stock 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 Marathon Oil (MRO), Rwe Ag Sp (RWEOY), Devon Energy (DVN), GALP ENERGIA SG/ADR (GLPEY), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Noble Energy (NBL), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Cenovus Energy (CVE), Cimarex Energy (XEC), Energen (EGN), Encana (ECA), Parsley Energy (PE) and WPX Energy (WPX).
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 71)
- Mr. George S. Glyphis, CFO, VP, Treasurer & Assistant Sec. (Age 48)
- Mr. Sean R. Smith, COO & VP (Age 45)
- Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 48)
- Mr. Hays Mabry, Director of Investor Relations
Who are Centennial Resource Development's major shareholders?
Centennial Resource Development's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (14.33%), Vanguard Group Inc. (5.70%), Neuberger Berman Group LLC (4.07%), BlackRock Inc. (2.86%), Frontier Capital Management Co. LLC (1.78%) and Dimensional Fund Advisors LP (1.09%). 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.
Which institutional investors are selling Centennial Resource Development stock?
CDEV stock was sold by a variety of institutional investors in the last quarter, including Ferguson Wellman Capital Management Inc., Neuberger Berman Group LLC, Tortoise Capital Advisors L.L.C., Allianz Asset Management GmbH, Marshall Wace LLP, Paloma Partners Management Co, Morgan Stanley and Great Lakes Advisors LLC. View Insider Buying and Selling for Centennial Resource Development.
Which institutional investors are buying Centennial Resource Development stock?
CDEV stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, NWQ Investment Management Company LLC, Advisory Research Inc., Schroder Investment Management Group, Eagle Asset Management Inc., Dimensional Fund Advisors LP, Frontier Capital Management Co. LLC and American Century Companies Inc.. 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Centennial Resource Development's stock price today?
One share of CDEV stock can currently be purchased for approximately $15.22.
How big of a company is Centennial Resource Development?
Centennial Resource Development has a market capitalization of $4.21 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.
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.
