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Centennial Resource Development Inc. (CDEV)

7.25   -0.34 (-4.48%) 01-19 09:04
Open: 7.67 Pre. Close: 7.59
High: 7.76 Low: 7.12
Volume: 10,592,827 Market Cap: 2,060M
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. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 7.767 - 7.805 7.805 - 7.837
Low: 7.035 - 7.076 7.076 - 7.111
Close: 7.189 - 7.252 7.252 - 7.307

Technical analysis

as of: 2022-01-19 8:49:57 AM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 9.06     One year: 10.59
Support: Support1: 6.33    Support2: 5.45
Resistance: Resistance1: 7.76    Resistance2: 9.06
Pivot: 6.89
Moving Average: MA(5): 7.34     MA(20): 6.74
MA(100): 6.57     MA(250): 5.54
MACD: MACD(12,26): 0.24     Signal(9): 0.16
Stochastic oscillator: %K(14,3): 80.94     %D(3): 85.70
RSI: RSI(14): 57.34
52-week: High: 8.29  Low: 2.14  Change(%): 198.4
Average Vol(K): 3-Month: 668068  10-Days: 726725

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
CDEV has closed below upper band by 31.4%. Bollinger Bands are 33.4% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Wed, 19 Jan 2022
$289.22 Million in Sales Expected for Centennial Resource Development, Inc. (NASDAQ:CDEV) This Quarter - MarketBeat

Sun, 09 Jan 2022
Here's What Centennial Resource Development, Inc.'s (NASDAQ:CDEV) Shareholder Ownership Structure Looks Like - Yahoo Finance

Tue, 04 Jan 2022
Why ConocoPhillips, Core Labs, and Centennial Resource Stocks Just Popped - The Motley Fool

Mon, 06 Dec 2021
How Centennial Resource (CDEV) Stock Stands Out in a Strong Industry - Entrepreneur

Sat, 04 Dec 2021
Centennial Resource Likely To Generate Over $300 Million In Positive Cash Flow At $65 WTI Oil - Seeking Alpha

Tue, 16 Nov 2021
Centennial Resource Development to Present at Upcoming - GlobeNewswire

Financial Analysis

Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. (M) 284
Shares Float (M) 186
% Held by Insiders 4.43
% Held by Institutions 73.66
Shares Short (K) 34,730
Shares Short P. Month (K) 31,580

Stock Financials

EPS -0.400
EPS Est This Year 0.180
EPS Est Next Year 0.460
Book Value (p.s.) 9.120
Profit Margin -12.91
Operating Margin -3.50
Return on Assets (ttm) -0.5
Return on Equity (ttm) -4.2
Qtrly Rev. Growth 93.5
Gross Profit (p.s.) 1.269
Sales Per Share 3.033
EBITDA (p.s.) 1.143
Qtrly Earnings Growth
Operating Cash Flow (M) 374
Levered Free Cash Flow (M) 187

Stock Valuations

PE Ratio -18.13
PEG Ratio
Price to Book value 0.79
Price to Sales 2.39
Price to Cash Flow 5.50

Stock Dividends

Forward Dividend
Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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