NASDAQ:CDEVCentennial Resource Development Stock Price, Forecast & News

Centennial Resource Development's stock was trading at $0.4920 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CDEV stock has increased by 105.3% and is now trading at $1.01. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last year. There are currently 8 sell ratings, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Centennial Resource Development.

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Centennial Resource Development.

Centennial Resource Development Inc (NASDAQ:CDEV) posted its quarterly earnings data on Monday, May, 4th. The oil and natural gas company reported ($1.99) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by $1.92. The oil and natural gas company earned $192.77 million during the quarter, compared to analysts' expectations of $209.29 million. Centennial Resource Development had a negative return on equity of 0.90% and a negative net margin of 56.81%. View Centennial Resource Development's earnings history.

20 equities research analysts have issued 1 year target prices for Centennial Resource Development's stock. Their forecasts range from $1.00 to $10.00. On average, they expect Centennial Resource Development's share price to reach $4.75 in the next year. This suggests a possible upside of 370.3% from the stock's current price. View analysts' price targets for Centennial Resource Development.

Headlines about CDEV stock have been trending very negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Centennial Resource Development earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the oil and natural gas company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCentennial Resource Development.

Centennial Resource Development saw a increase in short interest in May. As of May 15th, there was short interest totaling 26,500,000 shares, an increase of 6.9% from the April 30th total of 24,780,000 shares. Based on an average trading volume of 16,580,000 shares, the short-interest ratio is currently 1.6 days. Currently, 13.9% of the shares of the stock are short sold. View Centennial Resource Development's Current Options Chain.

Some companies that are related to Centennial Resource Development include Comstock Resources (CRK), Matador Resources (MTDR), Antero Resources (AR), Vermilion Energy (VET), Talos Energy (TALO), Crescent Point Energy (CPG), Brigham Minerals (MNRL), Kosmos Energy (KOS), Enerplus (ERF), GeoPark (GPRK), Kimbell Royalty Partners (KRP), SM Energy (SM), Dorchester Minerals (DMLP), W&T Offshore (WTI) and DELEK GRP LTD/ADR (DGRLY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Centennial Resource Development investors own include Callon Petroleum (CPE), Whiting Petroleum (WLL), Ring Energy (REI), Ring Energy (REI), Oasis Petroleum (OAS), Energy Transfer LP Unit (ET), Gulfport Energy (GPOR), Marathon Oil (MRO), Canopy Growth (CGC) and Devon Energy (DVN).

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

Centennial Resource Development's stock is owned by many different retail and institutional investors. Top institutional shareholders include Prescott Group Capital Management L.L.C. (8.52%), AQR Capital Management LLC (5.97%), State Street Corp (4.61%), BlackRock Inc. (2.25%), Geode Capital Management LLC (0.94%) and Morgan Stanley (0.83%). Company insiders that own Centennial Resource Development stock include George S Glyphis, Mark G Papa, 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 BlackRock Inc., Nuveen Asset Management LLC, Van Den Berg Management I Inc., Grantham Mayo Van Otterloo & Co. LLC, Capital International Investors, Paloma Partners Management Co, Citigroup Inc., and Deutsche Bank AG. View insider buying and selling activity for Centennial Resource Development.

CDEV stock was purchased by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., AQR Capital Management LLC, State Street Corp, WINTON GROUP Ltd, Morgan Stanley, LSP Investment Advisors LLC, Two Sigma Advisers LP, and Two Sigma Investments LP. Company insiders that have bought Centennial Resource Development stock in the last two years include George S Glyphis, Mark G Papa, Steven J Shapiro, and Us Centennial Holdings Ll Rel. View insider buying and selling activity for 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.

One share of CDEV stock can currently be purchased for approximately $1.01.

Centennial Resource Development has a market capitalization of $279.85 million and generates $944.33 million in revenue each year. The oil and natural gas company earns $15.80 million in net income (profit) each year or $0.19 on an earnings per share basis. Centennial Resource Development employs 178 workers across the globe.

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

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]