Centennial Resource Development, Inc. (CDEV): Price and Financial Metrics
CDEV Price/Volume Stats
| Current price | $7.62 | 52-week high | $9.70 |
| Prev. close | $8.23 | 52-week low | $5.01 |
| Day low | $7.45 | Volume | 17,732,800 |
| Day high | $8.13 | Avg. volume | 9,774,928 |
| 50-day MA | $6.67 | Dividend yield | N/A |
| 200-day MA | $7.42 | Market Cap | 2.17B |
CDEV Stock Price Chart Interactive Chart >
Centennial Resource Development, Inc. (CDEV) Company Bio
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, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 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.
Latest CDEV News From Around the Web
Below are the latest news stories about CENTENNIAL RESOURCE DEVELOPMENT INC that investors may wish to consider to help them evaluate CDEV as an investment opportunity.
Centennial Resource Production, LLC -- Moody's affirms Centennial's B1 ratings, changes outlook to positive on merger with ColgateRating Action: Moody's affirms Centennial's B1 ratings, changes outlook to positive on merger with ColgateGlobal Credit Research - 02 Sep 2022New York, September 01, 2022 -- Moody's Investors Service ("Moody's") has affirmed the ratings of Centennial Resource Production, LLC (Centennial) and revised its outlook to positive from stable. Centennial's SGL-1 short-term liquidity rating is unchanged. |
Centennial Resource Development (CDEV) Receives a Buy from Siebert Williams Shank & CoSiebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Centennial Resource Development (CDEV - Research Report) today and set a price target of $12.00. The company's shares opened today at $8.08.According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.6% and a 51.16% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Devon Energy, Centennial Resource Development, and Callon.The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centennial Resource Development with a $10.86 average price target. |
Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources CorporationMIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) today announced the successful completion of the combination of Centennial Resource Development, Inc. (“Centennial”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”). Permian Resources Highlights Largest pure-play E&P company in the Delaware BasinDeep inventory of high-quality drilling locations on ~180,000 net acresUnique combination of attractive growth profile |
Why APA, Centennial Resource Development, and Obsidian Energy Were Rising by Double Digits This WeekThe oil and gas sector surged following comments by Saudi Arabia, Russia limiting gas supplies to Europe, and China's stimulus measures. |
Why Small-Cap Natural Gas Stocks Were Soaring TodayShares of natural gas plays Tellurian (NYSEMKT: TELL), Centennial Resource Development (NASDAQ: CDEV), and Obsidian Energy (NYSEMKT: OBE) were soaring on Tuesday morning, though they moderated to gains of 3%, 3.4%, and 11.4%, respectively, as of 1:20 p.m. ET. Both oil and natural gas prices rose again, with natural gas making new yearly highs. Concerns over Russia cutting off natural gas supplies to Europe could be affecting the price of U.S. natural gas, as it competes with export prices, which are currently soaring. |
CDEV Price Returns
| 1-mo | N/A |
| 3-mo | N/A |
| 6-mo | N/A |
| 1-year | N/A |
| 3-year | 81.00% |
| 5-year | -26.09% |
| YTD | N/A |
| 2023 | N/A |
| 2022 | 0.00% |
| 2021 | 298.67% |
| 2020 | -67.53% |
| 2019 | -58.08% |
Continue Researching CDEV
Want to do more research on Centennial Resource Development Inc's stock and its price? Try the links below:Centennial Resource Development Inc (CDEV) Stock Price | Nasdaq
Centennial Resource Development Inc (CDEV) Stock Quote, History and News - Yahoo Finance
Centennial Resource Development Inc (CDEV) Stock Price and Basic Information | MarketWatch
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