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Recent Analyst Ratings for
$CDEV

DatePrice TargetRatingAnalyst
8/24/2022Hold → Buy
Truist
7/22/2022$12.00Buy
Siebert Williams Shank
7/20/2022$10.00Buy
MKM Partners
7/11/2022$11.00Equal Weight → Underweight
Wells Fargo
7/6/2022$11.00Sector Perform → Outperform
RBC Capital Mkts
4/7/2022$10.00 → $13.00Neutral → Overweight
Piper Sandler
4/1/2022$8.40 → $11.20Hold → Buy
Stifel
3/14/2022$12.00Underweight → Equal Weight
Wells Fargo
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$CDEV
Press Releases

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  • Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources Corporation

    MIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation ("Permian Resources" or the "Company") today announced the successful completion of the combination of Centennial Resource Development, Inc. ("Centennial") (NASDAQ:CDEV) and Colgate Energy Partners III, LLC ("Colgate"). Permian Resources Highlights Largest pure-play E&P company in the Delaware BasinDeep inventory of high-quality drilling locations on ~180,000 net acresUnique combination of attractive growth profile and robust shareholder returns frameworkStrong balance sheet protects the business and return of capital program across commodity price cyclesIndustry-leading shareholder alignment, with employee

    $CDEV
    Oil & Gas Production
    Energy
  • Centennial Resource Development Announces Second Quarter 2022 Results

    DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2022 financial and operational results. Second Quarter Financial and Operational Highlights Reported strong net cash flow from operationsGenerated record free cash flow1Ended the quarter with approximately $200 million of cashIncreased daily crude oil production 12% compared to the prior quarterDelivered four out of the top ten wells in Company historyReduced LOE per unit costs by 13% compared to the prior quarterSignificantly reduced leverage1 quarter-over-quarterAnnounced transformational merger of equals with Colgate Energy Finan

    $CDEV
    Oil & Gas Production
    Energy
  • Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call

    DENVER, July 26, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2022 financial and operating results after the market closes for trading on August 3, 2022. Management will host an earnings conference call on August 4, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing "Centennial Resource Development, Inc." at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on C

    $CDEV
    Oil & Gas Production
    Energy

$CDEV
Analyst Ratings

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$CDEV
Insider Trading

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$CDEV
SEC Filings

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$CDEV
Leadership Updates

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  • Centennial Resource Development, Inc. Appoints Vidisha Prasad to its Board of Directors Following the Retirement of Karl Bandtel

    DENVER, July 22, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today. "We are very excited to welcome Vidisha to our Board of Directors," said Steven Shapiro, Chairman of the Board. "Vidisha's extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Cente

    $CDEV
    Oil & Gas Production
    Energy

$CDEV
Financials

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  • Centennial Resource Development Announces Second Quarter 2022 Results

    DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2022 financial and operational results. Second Quarter Financial and Operational Highlights Reported strong net cash flow from operationsGenerated record free cash flow1Ended the quarter with approximately $200 million of cashIncreased daily crude oil production 12% compared to the prior quarterDelivered four out of the top ten wells in Company historyReduced LOE per unit costs by 13% compared to the prior quarterSignificantly reduced leverage1 quarter-over-quarterAnnounced transformational merger of equals with Colgate Energy Finan

    $CDEV
    Oil & Gas Production
    Energy
  • Centennial Resource Development, Inc. Announces Second Quarter 2022 Earnings Conference Call

    DENVER, July 26, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2022 financial and operating results after the market closes for trading on August 3, 2022. Management will host an earnings conference call on August 4, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing "Centennial Resource Development, Inc." at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on C

    $CDEV
    Oil & Gas Production
    Energy
  • Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

    DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) and Colgate Energy Partners III, LLC ("Colgate") today announced they have entered into an agreement to combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. The combined company plans to leverage its high-quality, scaled asset base to drive leading shareholder returns. Key Highlights High-quality, complementary asset base with differenti

    $CDEV
    Oil & Gas Production
    Energy

$CDEV
Large Ownership Changes

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