Centennial Resource Development Inc
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CDEV Centennial Resource Development Inc
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Energy : Oil, Gas & Consumable Fuels | Small Cap Blend
Company profile

Centennial Resource Development, Inc. is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of large, contiguous acreage blocks in Reeves, Ward and Pecos counties in West Texas. As of December 31, 2016, the Company held approximately 92% membership interest in Centennial Resource Production, LLC (CRP). As of December 31, 2016, its portfolio included 106 operated producing horizontal wells. The horizontal wells span an area of approximately 45 miles long by 20 miles wide where it had commercial production in five zones: the 3rd Bone Spring Sandstone, Upper Wolfcamp A, Lower Wolfcamp A, Wolfcamp B and Wolfcamp C.

Postmarket

Last Trade
Delayed
$2.37
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2.37
Day's Change
0.24 (11.27%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2.39
Day's Low
2.04
Volume
(Light)
Volume:
6,132,815

10-day average volume:
8,250,179
6,132,815

Company Profile

Centennial Resource Development, Inc. is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company's assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of large, contiguous acreage blocks in Reeves, Ward and Pecos counties in West Texas. As of December 31, 2016, the Company held approximately 92% membership interest in Centennial Resource Production, LLC (CRP). As of December 31, 2016, its portfolio included 106 operated producing horizontal wells. The horizontal wells span an area of approximately 45 miles long by 20 miles wide where it had commercial production in five zones: the 3rd Bone Spring Sandstone, Upper Wolfcamp A, Lower Wolfcamp A, Wolfcamp B and Wolfcamp C.

Valuation Ratios

Price/Earnings (TTM)
38.57x
Price/Sales (TTM)
0.62x
Price/Book (MRQ)
0.18x
Price/Cash Flow (TTM)
1.28x
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

Price Performance

Historic Growth and Share Detail

Historic Growth

Annual growth, past 5 years
EPS
Revenue
Dividend No Regular Dividend is paid
 

Short Interest

February 2020
Current Month
24.0M
Previous Month
17.1M
Percent of Float
12.51%
Days to Cover
3.6157 Days

Share Information

CDEV is in a share class of common stock
Float
191.9M
Shares Outstanding
277.0M
Institutions Holding Shares
235
100.05%

Financial Statements

Balance sheet

Values displayed are in millions.

Income statement

Values displayed are in millions.

Cash flow

Values displayed are in millions.

Company Officers

  • Mark G. PapaChmn.
  • George S. GlyphisCFO
  • Sean R. SmithCEO
  • Brent P. JensenCAO
  • Davis O. O ConnorVP

Address

Insider Trading

During the most recent quarter, 235K shares were bought in insider trading.

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