How to buy Centennial Resource Development shares

Centennial Resource Development shares have fallen 0.00% from their previous closing price ($0). Learn how to easily invest in Centennial Resource Development shares in the UK.

Centennial Resource Development Inc (CDEV) is a publicly traded oil, gas and consumable fuels business based in the US which employs around 150 staff. Centennial Resource Development is listed on the NASDAQ and traded in US dollars.

How to buy shares in Centennial Resource Development

  1. Choose a platform. If you're a beginner, our share trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: CDEV in this case.
  5. Research shares. The platform should provide the latest information available.
  6. Buy your shares. Place a market order or limit order with your preferred number of shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Alternative ways to invest in Centennial Resource Development

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Centennial Resource Development), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Centennial Resource Development is a major part of the NASDAQ, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

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

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is Centennial Resource Development under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Centennial Resource Development P/E ratio, PEG ratio and EBITDA

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 United States stock markets on average as of November 09, 2023 (20.44). 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 "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.0614. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.

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 (earnings before interest, taxes, depreciation and amortisation) is $806.4 million (£650 million).

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

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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