Centennial Resource Development, Inc. (CDEV): Price and Financial Metrics
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CDEV POWR Grades
- CDEV scores best on the Momentum dimension, with a Momentum rank ahead of 99.64% of US stocks.
- CDEV's strongest trending metric is Value; it's been moving up over the last 179 days.
- CDEV ranks lowest in Stability; there it ranks in the 13th percentile.
CDEV Stock Summary
- Of note is the ratio of CENTENNIAL RESOURCE DEVELOPMENT INC's sales and general administrative expense to its total operating expenses; only 7.46% of US stocks have a lower such ratio.
- In terms of twelve month growth in earnings before interest and taxes, CENTENNIAL RESOURCE DEVELOPMENT INC is reporting a growth rate of -487.23%; that's higher than just 3.58% of US stocks.
- As for revenue growth, note that CDEV's revenue has grown 97.31% over the past 12 months; that beats the revenue growth of 90.56% of US companies in our set.
- If you're looking for stocks that are quantitatively similar to CENTENNIAL RESOURCE DEVELOPMENT INC, a group of peers worth examining would be HCC, ERF, USAS, RIOT, and VET.
- Visit CDEV's SEC page to see the company's official filings. To visit the company's web site, go to www.cdevinc.com.
CDEV Valuation Summary
- In comparison to the median Energy stock, CDEV's price/sales ratio is 12.82% lower, now standing at 1.7.
- Over the past 78 months, CDEV's EV/EBIT ratio has gone up 25.5.
Below are key valuation metrics over time for CDEV.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| CDEV | 2022-08-29 | 1.7 | 0.8 | 6.1 | 6.3 |
| CDEV | 2022-08-26 | 1.7 | 0.8 | 5.9 | 6.1 |
| CDEV | 2022-08-25 | 1.7 | 0.8 | 5.8 | 6.1 |
| CDEV | 2022-08-24 | 1.6 | 0.8 | 5.7 | 6.0 |
| CDEV | 2022-08-23 | 1.5 | 0.7 | 5.4 | 5.8 |
| CDEV | 2022-08-22 | 1.5 | 0.7 | 5.2 | 5.6 |
CDEV Growth Metrics
- Its 4 year price growth rate is now at -93.05%.
- The 5 year net income to common stockholders growth rate now stands at -113444.84%.
- The year over year net cashflow from operations growth rate now stands at 329.23%.
The table below shows CDEV's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-06-30 | 1,424.855 | 801.093 | 405.503 |
| 2022-03-31 | 1,184.778 | 613.393 | 188.622 |
| 2021-12-31 | 1,029.892 | 525.619 | 138.175 |
| 2021-09-30 | 861.55 | 374.276 | -111.231 |
| 2021-06-30 | 722.146 | 266.498 | -199.884 |
| 2021-03-31 | 580.078 | 142.904 | -169.499 |
CDEV's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- CDEV has a Quality Grade of C, ranking ahead of 70.23% of graded US stocks.
- CDEV's asset turnover comes in at 0.223 -- ranking 107th of 137 Petroleum and Natural Gas stocks.
- CLR, TREC, and BCEI are the stocks whose asset turnover ratios are most correlated with CDEV.
The table below shows CDEV's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.223 | 0.784 | -0.010 |
| 2021-06-30 | 0.187 | 0.755 | -0.028 |
| 2021-03-31 | 0.149 | 0.694 | -0.021 |
| 2020-12-31 | 0.146 | 0.689 | -0.142 |
| 2020-09-30 | 0.165 | 0.715 | -0.118 |
| 2020-06-30 | 0.176 | 0.720 | -0.106 |
CDEV Price Target
For more insight on analysts targets of CDEV, see our CDEV price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $6.64 | Average Broker Recommendation | 2.03 (Hold) |
CDEV Stock Price Chart Interactive Chart >
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 |
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 | -9.07% |
| 3-mo | 15.63% |
| 6-mo | -10.04% |
| 1-year | 30.93% |
| 3-year | 70.47% |
| 5-year | -59.94% |
| YTD | 27.42% |
| 2021 | 298.67% |
| 2020 | -67.53% |
| 2019 | -58.08% |
| 2018 | -44.34% |
| 2017 | 0.41% |
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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