Centennial Resource Development Stock Forecast, Price & News

-0.22 (-5.19 %)
(As of 04/12/2021 03:59 PM ET)
Today's Range
Now: $4.02
50-Day Range
MA: $4.45
52-Week Range
Now: $4.02
Volume197,229 shs
Average Volume9.67 million shs
Market Capitalization$1.12 billion
P/E RatioN/A
Dividend YieldN/A
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
Current SymbolNASDAQ:CDEV
Year FoundedN/A



Sales & Book Value

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


Net Income$15.80 million


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


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


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 -
-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?

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

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 Staff
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