NASDAQ:CDEV

Centennial Resource Development Stock Forecast, Price & News

Lowest-Rated Stocks

$4.02

-0.22 (-5.19 %)

(As of 04/12/2021 03:59 PM ET)

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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.

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:CDEV

Previous Symbol

CUSIPN/A

CIK1658566

Webwww.cdevinc.com

Phone720-499-1400

Employees151

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.41

Current Ratio0.53

Quick Ratio0.53

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$944.33 million

Price / Sales1.19

Cash Flow$2.89 per share

Price / Cash Flow1.39

Book Value$11.81 per share

Price / Book0.34

Profitability

EPS (Most Recent Fiscal Year)$0.19

Net Income$15.80 million

Net Margins-84.87%

Return on Equity-6.02%

Return on Assets-4.11%

Miscellaneous

Outstanding Shares278,916,000

Market Cap$1.12 billion

Next Earnings Date5/3/2021 (Estimated)

OptionableOptionable

Headlines

Here's What Centennial Resource Development, Inc.'s (NASDAQ:CDEV) Shareholder Ownership Structure Looks Like
April 11, 2021 | nasdaq.com

Centennial Resource Development (NASDAQ:CDEV) Shares Up 5.6%
April 6, 2021 | americanbankingnews.com

Centennial Resource Development (NASDAQ:CDEV) Stock Price Down 4%
April 5, 2021 | americanbankingnews.com

Zacks: Analysts Expect Centennial Resource Development, Inc. (NASDAQ:CDEV) Will Post Earnings of -$0.02 Per Share
April 4, 2021 | americanbankingnews.com

Brokerages Expect Centennial Resource Development, Inc. (NASDAQ:CDEV) to Announce -$0.02 Earnings Per Share
April 4, 2021 | americanbankingnews.com

Why Centennial Resource Development, Diamondback Energy, SM Energy, and Marathon Oil All Rallied Today
April 2, 2021 | finance.yahoo.com

Centennial Resource Development (NASDAQ:CDEV) Shares Gap Up to $4.16
March 26, 2021 | americanbankingnews.com

Why Is Centennial Resource (CDEV) Up 3.2% Since Last Earnings Report?
March 25, 2021 | finance.yahoo.com

Why Centennial Resource Development Stock Fell by 8% This Morning
March 25, 2021 | msn.com

Centennial Resource Development (NASDAQ:CDEV) Shares Down 5.7%
March 25, 2021 | americanbankingnews.com

Centennial Resource Development (NASDAQ:CDEV) Stock Price Up 7.8%
March 24, 2021 | americanbankingnews.com

Why Centennial Resource Development Stock Jumped Nearly 8% Early Today
March 24, 2021 | finance.yahoo.com

Centennial Resource Development (NASDAQ:CDEV) Shares Gap Down to $4.38
March 23, 2021 | americanbankingnews.com

Centennial Resource Development to Participate in Simmons Energy Conference
March 22, 2021 | finance.yahoo.com

Centennial Resource Development (NASDAQ:CDEV) Shares Gap Up to $4.08
March 19, 2021 | americanbankingnews.com

Why Centennial Resource Development Fell as Much as 8.5% in Morning Action
March 17, 2021 | msn.com

Centennial Resource (CDEV) Prices Exchangeable Senior Notes
March 17, 2021 | finance.yahoo.com

Centennial Resource Development, Inc. Announces Pricing of $150.0 Million Exchangeable Senior Notes Offering
March 16, 2021 | finance.yahoo.com

Centennial Resource Development, Inc. Announces Proposed Exchangeable Senior Notes Offering
March 15, 2021 | finance.yahoo.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

0.9 Analyst's Opinion

Consensus Rating
Centennial Resource Development has received a consensus rating of Hold. The company's average rating score is 1.83, and is based on 2 buy ratings, 6 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.44, Centennial Resource Development has a forecasted downside of 65.2% from its current price of $4.12.
Amount of Analyst Coverage
Centennial Resource Development has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Centennial Resource Development has received 281 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Centennial Resource Development has received 369 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Centennial Resource Development has received 56.77% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Centennial Resource Development does not currently pay a dividend.
Dividend Growth
Centennial Resource Development does not have a long track record of dividend growth.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Centennial Resource Development insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 31.90% of the stock of Centennial Resource Development is held by insiders.
Percentage Held by Institutions
53.72% of the stock of Centennial Resource Development is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Centennial Resource Development are expected to grow in the coming year, from ($0.80) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Centennial Resource Development is -1.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Centennial Resource Development is -1.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Centennial Resource Development has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$4.02

-0.22 (-5.19 %)

(As of 04/12/2021 03:59 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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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?

Some companies that are related to Centennial Resource Development include PDC Energy (PDCE), CNX Resources (CNX), Magnolia Oil & Gas (MGY), Southwestern Energy (SWN), Antero Resources (AR), Matador Resources (MTDR), Murphy Oil (MUR), Viper Energy Partners (VNOM), Range Resources (RRC), Crescent Point Energy (CPG), ARC Resources (AETUF), SM Energy (SM), Black Stone Minerals (BSM), Callon Petroleum (CPE) and Enerplus (ERF).
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."

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

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