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CENTENNIAL RESOURCE DEVELOPMENT, INC.

(CDEV)
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Centennial Resource: Q1 Earnings Snapshot

05/04/2021 | 05:59pm EDT

DENVER (AP) _ Centennial Resource Development, Inc. (CDEV) on Tuesday reported a loss of $34.6 million in its first quarter.

On a per-share basis, the Denver-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs and asset impairment costs, were 1 cent per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The company posted revenue of $192.4 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $157.8 million.

In the final minutes of trading on Tuesday, the company's shares hit $4.26. A year ago, they were trading at $1.03.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDEV at https://www.zacks.com/ap/CDEV

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 770 M - -
Net income 2021 39,2 M - -
Net Debt 2021 941 M - -
P/E ratio 2021 50,2x
Yield 2021 -
Capitalization 1 220 M 1 220 M -
EV / Sales 2021 2,81x
EV / Sales 2022 2,45x
Nbr of Employees -
Free-Float 62,5%
Chart CENTENNIAL RESOURCE DEVELOPMENT, INC.
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Centennial Resource Development, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CENTENNIAL RESOURCE DEVELOPMENT, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 4,98 $
Last Close Price 4,37 $
Spread / Highest target 71,6%
Spread / Average Target 13,9%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Sean R. Smith Chief Executive Officer & Director
George S. Glyphis Chief Financial Officer & Vice President
Steven J. Shapiro Non-Executive Chairman
Colleen C. Proctor Vice President-Information Technology
Matthew R. Garrison Chief Operating Officer & Vice President
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