Centennial Resource Development (CDEV) vs. Its Competitors Head to Head Analysis
Centennial Resource Development (NASDAQ: CDEV) is one of 20 publicly-traded companies in the “Integrated Oil & Gas” industry, but how does it contrast to its peers? We will compare Centennial Resource Development to related companies based on the strength of its risk, profitability, valuation, dividends, earnings, analyst recommendations and institutional ownership.
Institutional & Insider Ownership
93.5% of Centennial Resource Development shares are owned by institutional investors. Comparatively, 40.6% of shares of all “Integrated Oil & Gas” companies are owned by institutional investors. 44.7% of Centennial Resource Development shares are owned by insiders. Comparatively, 9.8% of shares of all “Integrated Oil & Gas” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
This table compares Centennial Resource Development and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Centennial Resource Development||-49.20%||-5.52%||-5.19%|
|Centennial Resource Development Competitors||-8.00%||2.59%||1.08%|
Valuation & Earnings
This table compares Centennial Resource Development and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Centennial Resource Development||$98.83 million||-$226.80 million||-16.52|
|Centennial Resource Development Competitors||$78.29 billion||$113.43 million||-195.46|
Centennial Resource Development’s peers have higher revenue and earnings than Centennial Resource Development. Centennial Resource Development is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This is a breakdown of recent ratings for Centennial Resource Development and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Centennial Resource Development||0||2||14||0||2.88|
|Centennial Resource Development Competitors||219||674||789||30||2.37|
Centennial Resource Development presently has a consensus price target of $22.71, indicating a potential upside of 20.63%. As a group, “Integrated Oil & Gas” companies have a potential upside of 25.61%. Given Centennial Resource Development’s peers higher possible upside, analysts plainly believe Centennial Resource Development has less favorable growth aspects than its peers.
Centennial Resource Development peers beat Centennial Resource Development on 7 of the 11 factors compared.
Centennial Resource Development 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.
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