Centennial Resource Development Inc. (NASDAQ:CDEV) does about 12.28M shares in volume on a normal day but saw 6430660 shares change hands in Friday trading. The company now has a market cap of 213.79M USD and an enterprise value of about $1.32B. Its current market price is $0.78, marking an increase of 1.31% compared to the previous close of $0.77. The 52 week high reached by this stock is $6.09 whilst the lowest price level in 52 weeks is $0.24. The script in recent trading has seen the stock touch a high of $0.7852 and a low of $0.745.
Centennial Resource Development Inc. (CDEV) has a 20-day trading average at $0.8350 and the current price is -87.22% off the 52-week high compared with 231.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8694 and its 200-day simple moving average is $1.8547. If we look at the stock’s price movements over the week, volatility stands at 6.09%, which increases to 6.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.46 to suggest the stock is neutral.
18 analysts observing the Centennial Resource Development Inc. (CDEV) stock have set the 12-month price targets for the company’s shares at between $0.50 and $3.00. The consensus objective for the share price is $1.21, suggesting that the stock has a potential upside of 35.54% over the period. The median price target is 17.89% away from the current levels at $0.95.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 5 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 8 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 29, 2020 when SunTrust upgraded the stock to “Hold” and issued a price target of. Scotiabank downgraded the stock to “Sector Underperform” from Sector Perform on April 07, 2020 at a price target of.
The current price level is -6.81%, -11.38%, and -58.32% away from its SMA20, SMA50, and SMA200 respectively, with the CDEV price moving above the 50-day SMA on August 28. Centennial Resource Development Inc. (CDEV) stock is up 6.50% over the week and -4.56% over the past month. Its price is -83.15% year-to-date and -83.98% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.02 above consensus estimates by $0.3. The company’s next earnings report is expected on 11/09/2020, with forecasts estimating quarterly EPS at -$0.21 and -$2.3 for whole year. CDEV’s earnings per share are forecast to shrink by -3,933.30% this year and 90.00% over next year. Expected sales for next quarter are $126.45 million, which analysts say will come at $511.75 million for the current fiscal year and next year at $553.99 million. In addition, estimates put the company’s current quarterly revenue at an average of $108.85 million.
To reach the target analysts have set, the stock logically needs to grow 35.54 percent from here.
Outstanding shares total 277.13M with insiders holding 1.97% of the shares and institutional holders owning 107.08% of the company’s common stock. The company has a return on investment of 1.70% and return on equity of -18.00%. The beta has a value of 6.86. Price to book ratio is 0.08 and price to sales ratio is 0.28.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Centennial Resource Development Inc. (CDEV) to 5,081,833 shares, mirroring a recent drop by 0.00%. Vanguard Total Stock Market Index dumped 0.0 shares of Centennial Resource Development Inc. common stock bringing its total worth to about $4.0 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 305.0 shares to end up with 2,926,061 shares worth $2.3 million.