NASDAQ:CDEV - Centennial Resource Dev Stock Price, Price Target & More

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

Centennial Resource Dev (NASDAQ:CDEV) posted its earnings results on Monday, February, 26th. The oil and natural gas company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The oil and natural gas company earned $166.13 million during the quarter, compared to the consensus estimate of $152.13 million. Centennial Resource Dev had a return on equity of 2.42% and a net margin of 17.58%. View Centennial Resource Dev's Earnings History.

Centennial Resource Dev is scheduled to release their next quarterly earnings announcement on Wednesday, May, 9th 2018. View Earnings Estimates for Centennial Resource Dev.

18 equities research analysts have issued 12-month target prices for Centennial Resource Dev's shares. Their forecasts range from $19.00 to $31.00. On average, they anticipate Centennial Resource Dev's share price to reach $24.25 in the next twelve months. View Analyst Ratings for Centennial Resource Dev.

Centennial Resource Dev saw a decline in short interest in March. As of March 15th, there was short interest totalling 12,054,280 shares, a decline of 9.7% from the February 28th total of 13,344,445 shares. Based on an average trading volume of 2,656,369 shares, the days-to-cover ratio is currently 4.5 days. Currently, 7.6% of the company's shares are short sold.

Some companies that are related to Centennial Resource Dev include Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Crescent Point Energy (CPG), Vermilion Energy (VET), ARC Resources (AETUF), PDC Energy (PDCE), Whiting Petroleum (WLL), Matador Resources (MTDR), Black Stone Minerals (BSM), Range Resources (RRC), Viper Energy Partners (VNOM) and Oasis Petroleum (OAS).

Press coverage about CDEV stock has been trending somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Dev earned a news sentiment score of 0.16 on Accern's scale. They also assigned press coverage about the oil and natural gas company an impact score of 44.73 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

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.

One share of CDEV stock can currently be purchased for approximately $19.09.

Centennial Resource Dev has a market capitalization of $5.22 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 Dev employs 119 workers across the globe.

Centennial Resource Dev'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]