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How to buy Centennial Resource Development stock (CDEV)

Buy Centennial Resource Development stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Centennial Resource Development is an oil, gas & consumable fuels 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 147 staff and has a trailing 12-month revenue of around $1.4 billion.

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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 2024-06-30.
Latest market close$0.00
52-week range$0.00 - $0.00
50-day moving average $7.07
200-day moving average $7.53
Wall St. target price$10.20
PE ratio 5.5217
Dividend yield $0 (0%)
Earnings per share (TTM) $1.38

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 from 2022-11-11

1 week (2024-07-16) nan%
1 month (2024-06-23) nan%
3 months (2024-04-23) nan%
6 months (2024-01-23) nan%
1 year (2023-07-23) nan%
2 years (2022-07-27) -100.00%
3 years (2021-07-27) 5.25
5 years (2019-07-26) 5.69

Is Centennial Resource Development stock undervalued or overvalued?

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 6x. In other words, Centennial Resource Development shares trade at around 6x 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 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 0.0614. 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 $806.4 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 $1.4 billion
Operating margin TTM 33.98%
Gross profit TTM $770.4 million
Return on assets TTM 7.47%
Return on equity TTM 14.72%
Profit margin 28.46%
Book value $10.42
Market Capitalization $2.2 billion

TTM: trailing 12 months

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 up to $0. 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 4.9179. 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 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 formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016.

Frequently asked questions

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What percentage of Centennial Resource Development is owned by insiders or institutions?
Currently 4.159% of Centennial Resource Development shares are held by insiders and 88.296% by institutions.
How many people work for Centennial Resource Development?
Latest data suggests 147 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: 82811P101

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