Centennial Resource Development, In... (CDEV)

$6.045

-0.24 (-3.74%)
Rating:
Recommendation:
Buy
Symbol CDEV
Price $6.045
Beta 5.237
Volume Avg. 10.80M
Market Cap 1.723B
Shares () -
52 Week Range 3.9-9.7
1y Target Est -
DCF Unlevered CDEV DCF ->
DCF Levered CDEV LDCF ->
ROE 7.09% Neutral
ROA 4.76% Neutral
Operating Margin -
Debt / Equity 42.85% Neutral
P/E 10.42 Strong Buy
P/B 0.62 Buy
Annual
Quarter

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Mr. Mark Papa
Energy
Oil & Gas E&P
NASDAQ Capital Market

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.