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How to buy Centennial Resource Development stock | $7.47

Learn how to easily invest in Centennial Resource Development stock.

Centennial Resource Development Inc is an oil & gas e&p business based in the US. Centennial Resource Development shares (CDEV) are listed on the NASDAQ and all prices are listed in US Dollars. Centennial Resource Development employs 151 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Centennial Resource Development

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CDEV – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Centennial Resource Development stock price (NASDAQ: CDEV)

Use our graph to track the performance of CDEV stocks over time.

Centennial Resource Development shares at a glance

Information last updated 2021-10-23.
Latest market close$7.47
52-week range$0.53 - $7.57
50-day moving average $6.29
200-day moving average $5.52
Wall St. target price$7.25
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-0.72

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Centennial Resource Development stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Centennial Resource Development price performance over time

Historical closes compared with the close of $7.47 from 2021-10-25

1 week (2021-10-18) 10.50%
1 month (2021-09-24) 28.35%
3 months (2021-07-26) 31.51%
6 months (2021-04-26) 83.09%
1 year (2020-10-26) 1,120.59%
2 years (2019-10-25) 95.29%
3 years (2018-10-26) 18.68
5 years (2016-10-26) 14.24

Is Centennial Resource Development under- or over-valued?

Valuing Centennial Resource Development stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Centennial Resource Development's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Centennial Resource Development's PEG ratio

Centennial Resource Development's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.3148. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Centennial Resource Development's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Centennial Resource Development's EBITDA

Centennial Resource Development's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $264.8 million.

The EBITDA is a measure of a Centennial Resource Development's overall financial performance and is widely used to measure a its profitability.

Centennial Resource Development financials

Revenue TTM $722.1 million
Gross profit TTM $360.4 million
Return on assets TTM -1.83%
Return on equity TTM -7.58%
Profit margin -27.68%
Book value $9.09
Market capitalisation $2 billion

TTM: trailing 12 months

Shorting Centennial Resource Development shares

There are currently 31.6 million Centennial Resource Development shares held short by investors – that's known as Centennial Resource Development's "short interest". This figure is 1.3% down from 32.0 million last month.

There are a few different ways that this level of interest in shorting Centennial Resource Development shares can be evaluated.

Centennial Resource Development's "short interest ratio" (SIR)

Centennial Resource Development's "short interest ratio" (SIR) is the quantity of Centennial Resource Development shares currently shorted divided by the average quantity of Centennial Resource Development shares traded daily (recently around 6.7 million). Centennial Resource Development's SIR currently stands at 4.73. In other words for every 100,000 Centennial Resource Development shares traded daily on the market, roughly 4730 shares are currently held short.

However Centennial Resource Development's short interest can also be evaluated against the total number of Centennial Resource Development shares, or, against the total number of tradable Centennial Resource Development shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Centennial Resource Development's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Centennial Resource Development shares in existence, roughly 110 shares are currently held short) or 0.1875% of the tradable shares (for every 100,000 tradable Centennial Resource Development shares, roughly 188 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Centennial Resource Development.

Find out more about how you can short Centennial Resource Development stock.

Centennial Resource Development share dividends

We're not expecting Centennial Resource Development to pay a dividend over the next 12 months.

Centennial Resource Development share price volatility

Over the last 12 months, Centennial Resource Development's shares have ranged in value from as little as $0.531 up to $7.57. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Centennial Resource Development's is 6.255. This would suggest that Centennial Resource Development's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Centennial Resource Development overview

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.

Frequently asked questions

What percentage of Centennial Resource Development is owned by insiders or institutions?
Currently 4.941% of Centennial Resource Development shares are held by insiders and 72.209% by institutions.
How many people work for Centennial Resource Development?
Latest data suggests 151 work at Centennial Resource Development.
When does the fiscal year end for Centennial Resource Development?
Centennial Resource Development's fiscal year ends in December.
Where is Centennial Resource Development based?
Centennial Resource Development's address is: 1001 Seventeenth Street, Denver, CO, United States, 80202
What is Centennial Resource Development's ISIN number?
Centennial Resource Development's international securities identification number is: US15136A1025
What is Centennial Resource Development's CUSIP number?
Centennial Resource Development's Committee on Uniform Securities Identification Procedures number is: 15136A102

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