Centennial Resource Development, Inc.: How Leading Wall Street Experts See Things

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Centennial Resource Development, Inc. kicked off the trading day on 08/14/19 with a price decrease of -9.29%, equivalent to -$0.42 relative change for the day. Taking a more long-term approach, CDEV had a 52-week range of $4.39 to $23.12. At the time of this article’s publishing, this stock is trading at $4.10 after starting the trading session at $4.47. Moving on, the stock has demonstrated a 52-week change amounting to -67.58, alongside an S&P500 52-Week Change of -69.60. At the time of writing, this stock’s 50-day Moving Average stands at $6.45, while the 200-day Moving Average of this stock is currently $10.64.

Currently, this company’s share volume is sitting at $5,694,552, but has maintained average daily volume of $4.25M. This stock has generated an average Year to Date volume of $3.83 million, alongside an average 20-day volume of $5.7 million. This publicly-traded company’s shares outstanding now amounts to $282.46 million, simultaneously with a float of $180.55 million. The organization now has a market capitalization sitting at $1.16 billion.

Centennial Resource Development, Inc.(CDEV) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Centennial Resource Development, Inc.’s current insider ownership accounts for 1.30%. According to the most recent latest insider trade that took place on Aug 09 this organization’s VP, Chief Financial Officer bought 50,000 at the rate of 4.69, making the entire transaction hit 234,705 in total value, affecting insider ownership by 493,195.

If we take a glance at the Ownership summary of Centennial Resource Development, Inc.’s stock, 230 Institutional holders make up 105.40% of its total stock ownership. All together, they are the legal holders of 278,719,081 shares, which are valued at about $1,259,810,246 in total. If we focus on the top 3 stockholders for this publicly-traded organization, RIVERSTONE HOLDINGS LLC owns 70.27 million shares, with FMR LLC in 2nd place owning 37.26 million shares and PRICE T ROWE ASSOCIATES INC /MD/ in third place with total ownership of 32.74 million shares.

Centennial Resource Development, Inc. (CDEV) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on Mar-19, the organization reported $0.09 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0.06) by $0.03.

The corporation racked down revenue of $222.50million for the previous financial quarter, compared to the mean analyst estimate of $241.89 million. This company achieved a net margin of 14.13 while generating a return on equity of 4.18. Centennial Resource Development, Inc.’s full-quarter revenue decreased by -0.62%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.

Centennial Resource Development, Inc.’s EPS increase for this current 12-month fiscal period is 152.40%, and is forecasted to reach 87.03% in the upcoming year.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for Centennial Resource Development, Inc., this organization’s Quick Ratio in the last reported quarter now stands at 0.50. The company has managed to achieve an average true range (ATR) of 0.42. Alongside those, its PE Ratio stands at $14.04, and its Beta score is 2.00.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.26 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 1.87. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 0.35, whereas its price to cash per share for the last quarter landed at 0.10.

In the same vein, CDEV’s Diluted EPS (Earnings per Share) trailing twelve month was posted at 0.29, a figure that is expected to reach 0.07 in the next reported quarter, and analysts expect it will be 87.03% at the market close of one year from today’s date.