Zacks Investment Research · Sep 2, 2022
Why Is Centennial Resource (CDEV) Up 24.5% Since Last Earnings Report?
Centennial Resource (CDEV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
CD
NASDAQ · CDEV
Permian Resources Corporation
Energy · Oil & Gas Exploration & Production
$7.62
Down-$0.61 (-7.41%)
Updated Nov 4, 2026, 8:21 PM
SID Score
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Composite research score
Smart Money
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Institutional and insider signal
- Market cap
- 4.18B
- P/E ratio
- 12.75
- Dividend yield
- 0.00%
- 52-week range
- — – —
- Volume
- 17.58M
- Avg. volume
- 8.91M
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CDEV research
Overview
Company profile and research snapshot.
Company profile
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. The company was incorporated in 2015 and is headquartered in Denver, Colorado.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- $9.40
- Implied upside
- —
- Analysts
- —
| Date | Firm | Rating | Target |
|---|---|---|---|
| Aug 24, 2022 | Truist Securities | Buy | — |
| Jul 11, 2022 | Wells Fargo | Underweight | — |
| Jul 6, 2022 | RBC Capital | Outperform | — |
| May 20, 2022 | BMO Capital | Market Perform | — |
| Apr 8, 2022 | Keybanc | Overweight | — |
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GlobeNewswire Inc. · Sep 1, 2022
Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources Corporation
MIDLAND, 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”).
Zacks Investment Research · Aug 30, 2022
5 Best-Performing Stocks of the Top ETF of August
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) topped the list of the best-performing U.S. equity ETFs in August, gaining about 15%. The rally was driven by a rise in oil price.
Zacks Investment Research · Aug 24, 2022
Implied Volatility Surging for Centennial Resource (CDEV) Stock Options
Investors need to pay close attention to Centennial Resource (CDEV) stock based on the movements in the options market lately.
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