Centennial Resource Development, Inc. (CDEV)

NASDAQ: CDEV · IEX Real-Time Price · USD
7.20
+0.31 (4.50%)
At close: Aug 11, 2022 4:00 PM
7.28
+0.08 (1.11%)
After-hours: Aug 11, 2022 6:54 PM EDT
4.50%
Market Cap 2.05B
Revenue (ttm) 1.42B
Net Income (ttm) 405.50M
Shares Out 285.06M
EPS (ttm) 1.42
PE Ratio 5.07
Forward PE 3.27
Dividend n/a
Ex-Dividend Date n/a
Volume 7,203,742
Open 7.12
Previous Close 6.89
Day's Range 7.01 - 7.29
52-Week Range 3.90 - 9.70
Beta 4.92
Analysts Buy
Price Target 10.15 (+41.0%)
Earnings Date Aug 3, 2022

About CDEV

Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerl... [Read more...]

Industry Oil, Gas & Consumable Fuels
IPO Date Feb 24, 2016
CEO Sean Smith
Employees 147
Stock Exchange NASDAQ
Ticker Symbol CDEV
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for CDEV stock is "Buy." The 12-month stock price forecast is 10.15, which is an increase of 40.97% from the latest price.

Price Target
$10.15
(40.97% upside)
Analyst Consensus: Buy
Stock Forecasts

News

4 Small Caps for Growth-Focused Investors

Investors seeking opportunities among growth stocks could be interested in the following small caps, as they represent companies whose trailing 12-month net income per share has improved significantly o...

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Centennial (CDEV) Rises 3% on Q2 Earnings & Revenues Beat

Higher oil equivalent production and increased commodity prices aid Centennial's (CDEV) Q2 earnings.

Centennial Resource (CDEV) Beats Q2 Earnings and Revenue Estimates

Centennial Resource (CDEV) delivered earnings and revenue surprises of 48.78% and 20.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Centennial Resource Development Announces Second Quarter 2022 Results

DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced second quarter 2022 financial and operational results.

Why Energy Stocks Dropped on Monday

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What's in Store for Centennial Resource's (CDEV) Q2 Earnings?

Higher commodity prices are expected to have aided Centennial Resource's (CDEV) earnings in Q2.

7 Growth Stocks to Buy Now Before They Become Large Caps

Canada's national business paper, The Globe and Mail, recently interviewed a Toronto-based portfolio manager who seeks out smaller growth stocks with the potential to become large caps over the long hau...

Centennial Resource (CDEV) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Centennial Resource (CDEV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Diamondback Energy, Centennial Resource Development, and Transocean Rallied on Monday

After a brutal sell-off, energy stocks seem to have found their footing.

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Are Investors Undervaluing Centennial Resource Development (CDEV) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Centennial Resource (CDEV) Flat As Market Gains: What You Should Know

In the latest trading session, Centennial Resource (CDEV) closed at $5.98, marking no change from the previous day.

CENTENNIAL RESOURCE DEVELOPMENT INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Colgate Merger wit...

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the directors of Centennial Resourc...

The M&A Class Action Firm Continues the Investigation of Centennial Resource Development, Inc. - CDEV

New York, New York--(Newsfile Corp. - June 10, 2022) - Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securit...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Centennial Resource Development, Inc. Merger

Wilmington, Delaware--(Newsfile Corp. - June 9, 2022) - Rigrodsky Law, P.A. is investigating Centennial Resource Development, Inc. ("Centennial") (NASDAQ: CDEV) regarding possible breaches of fiduciary ...

CENTENNIAL RESOURCE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates M...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Centennial Resou...

Why Is Centennial Resource (CDEV) Up 7.2% Since Last Earnings Report?

Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock?

Here's Why Centennial (CDEV) Stock Is a Great Investment Bet

Centennial (CDEV) is well-positioned to capitalize on the rising oil prices.

Has Centennial Resource Development (CDEV) Outpaced Other Oils-Energy Stocks This Year?

Here is how Centennial Resource (CDEV) and Matador Resources (MTDR) have performed compared to their sector so far this year.

7 Value Stocks to Buy Priced at Less Than Their Book Value

With these seven value stocks to buy, there are catalysts that could help bridge the gap between book value and trading price. The post 7 Value Stocks to Buy Priced at Less Than Their Book Value appeare...

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How to Find Cheap Stocks Under $10 to Buy in June

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Upcoming transformational events could give these underfollowed energy stocks the fuel to produce big-time returns.

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Centennial and Colgate Energy Partners enter merger of equals agreement

Centennial Resource Development Inc. (NASDAQ: CDEV) has announced a merge of equals agreement with Colgate Energy Partners III LLC. With over 180,000 net leased acres, 40,000 net royalties acres, and cu...

Another Pure Permian Mini-Major Rises In Centennial, Colgate Merger

In keeping with the emerging shale narrative that “scale equals relevance,” Centennial Resource Development, Inc. announced on Thursday a deal to acquire privately-held Colgate Energy Partners III, LLC ...

Other symbols: CL

Centennial (CDEV) Stock Alert: Halper Sadeh LLP Is Investigating Whether the Merger of Centennial Resource Developmen...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of Centennial Resource Development, Inc. (NASDAQ: CDEV) and Colgate Energy Partners III, LLC...

Centennial (CDEV) Slides 16.3% as Q1 Earnings Miss Estimates

Increased lease operating expenses and exploration and other expenses hurt Centennial's (CDEV) Q1 earnings.