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How to buy Centennial Resource Development stock | $0.809

Own Centennial Resource Development stock in just a few minutes.


Fact checked

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 195 staff and has a trailing 12-month revenue of around USD$768.8 million.

How to buy shares in Centennial Resource Development

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Centennial Resource Development. Find the stock by name or ticker symbol: CDEV. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Centennial Resource Development reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$0.809, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Centennial Resource Development, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Centennial Resource Development. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Centennial Resource Development share price

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

Centennial Resource Development shares at a glance

Information last updated 2020-10-20.
Latest market close USD$0.809
52-week range USD$0.2352 - USD$5.35
50-day moving average USD$0.6338
200-day moving average USD$0.815
Wall St. target price USD$1.21
PE ratio 19.6667
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.14

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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 $0.809 from 2020-11-16

1 week (2020-11-25) -36.30%
1 month (2020-11-06) 31.33%
3 months (2020-09-04) 31.76%
6 months (2020-06-05) -45.70%
1 year (2019-12-05) -76.28%
2 years (2018-12-04) -94.93%
3 years (2017-12-05) -95.84%
5 years (2015-12-02) N/A

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 P/E ratio

Centennial Resource Development's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, Centennial Resource Development shares trade at around 20x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Centennial Resource Development's EBITDA

Centennial Resource Development's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$376 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 USD$768.8 million
Gross profit TTM USD$662.3 million
Return on assets TTM -10.17%
Return on equity TTM -17.96%
Profit margin -69.8%
Book value $10.04
Market capitalisation USD$177.4 million

TTM: trailing 12 months

Shorting Centennial Resource Development shares

There are currently 17.4 million Centennial Resource Development shares held short by investors – that's known as Centennial Resource Development's "short interest". This figure is 6.3% up from 16.4 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 8.6 million). Centennial Resource Development's SIR currently stands at 2.02. In other words for every 100,000 Centennial Resource Development shares traded daily on the market, roughly 2020 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 0.06% of the outstanding shares (for every 100,000 Centennial Resource Development shares in existence, roughly 60 shares are currently held short) or 0.1115% of the tradable shares (for every 100,000 tradable Centennial Resource Development shares, roughly 112 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 $0.2352 up to $5.35. 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 6.7094. 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, 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.

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