NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

$4.02
-0.22 (-5.19 %)
(As of 04/12/2021 03:59 PM ET)
Add
Compare
Today's Range
$4.01
Now: $4.02
$4.45
50-Day Range
$3.45
MA: $4.45
$5.88
52-Week Range
$0.26
Now: $4.02
$6.25
Volume197,229 shs
Average Volume9.67 million shs
Market Capitalization$1.12 billion
P/E RatioN/A
Dividend YieldN/A
Beta6.82
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, 2020, it leased or acquired approximately 81,657 net acres; and owned 1,472 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. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.
Centennial Resource Development logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
Current SymbolNASDAQ:CDEV
CUSIPN/A
Phone720-499-1400
Employees151
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$944.33 million
Cash Flow$2.89 per share
Book Value$11.81 per share

Profitability

Net Income$15.80 million

Miscellaneous

Market Cap$1.12 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

Headlines

Centennial Resource Development (NASDAQ:CDEV) Shares Up 5.6%
April 6, 2021 |  americanbankingnews.com
Centennial Resource Development (NASDAQ:CDEV) Shares Down 5.7%
March 25, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.04 out of 5 stars

Oils/Energy Sector

258th out of 665 stocks

Crude Petroleum & Natural Gas Industry

90th out of 247 stocks

Analyst Opinion: 0.9Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$4.02
-0.22 (-5.19 %)
(As of 04/12/2021 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive CDEV News and Ratings via Email

Sign-up to receive the latest news and ratings for CDEV and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Centennial Resource Development (NASDAQ:CDEV) Frequently Asked Questions

Is Centennial Resource Development a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Centennial Resource Development in the last twelve months. There are currently 4 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.

What stocks does MarketBeat like better than Centennial Resource Development?

Wall Street analysts have given Centennial Resource Development a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Centennial Resource Development wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Centennial Resource Development's next earnings date?

Centennial Resource Development is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
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 Monday, February, 22nd. The oil and natural gas company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.23. Centennial Resource Development had a negative trailing twelve-month return on equity of 6.02% and a negative net margin of 84.87%.
View Centennial Resource Development's earnings history
.

How has Centennial Resource Development's stock price 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 (WHO). Since then, CDEV shares have increased by 717.1% and is now trading at $4.02.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CDEV?

12 analysts have issued 12-month price targets for Centennial Resource Development's stock. Their forecasts range from $0.70 to $3.00. On average, they expect Centennial Resource Development's share price to reach $1.44 in the next year. This suggests that the stock has a possible downside of 64.3%.
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:
  • Mr. Sean R. Smith, CEO & Director (Age 48, Pay $1.12M)
  • Mr. George S. Glyphis, CFO, VP & Assistant Sec. (Age 51, Pay $1.01M)
  • Mr. Brent P. Jensen, Chief Accounting Officer & VP (Age 51, Pay $671.96k)
  • Mr. Davis O. O'Connor, VP & Gen. Counsel (Age 66, Pay $840.06k)
  • Mr. Matt R. Garrison, VP & COO
  • Mr. Hays Mabry, Director of Investor Relations
  • Ms. Kathleen M. Phillips, VP of HR
  • Mr. Stephen S. Coats, Sec. (Age 50)
  • Mr. William A. Weidig, VP of Fin. & Treasurer
  • Ms. Jamie L. Wheat, VP of Accounting (Age 51)

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

What other stocks do shareholders of Centennial Resource Development own?

What is Centennial Resource Development's stock symbol?

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

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.
Compare Top Brokerages Here.

What is Centennial Resource Development's stock price today?

One share of CDEV stock can currently be purchased for approximately $4.02.

How much money does Centennial Resource Development make?

Centennial Resource Development has a market capitalization of $1.12 billion 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.

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]


This page was last updated on 4/12/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.