Centennial Resource Development Inc (NASDAQ:CDEV) Director Us Centennial Holdings Ll Rel purchased 2,449,861 shares of Centennial Resource Development stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $0.90 per share, for a total transaction of $2,204,874.90. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Us Centennial Holdings Ll Rel also recently made the following trade(s):

  • On Monday, May 18th, Us Centennial Holdings Ll Rel purchased 973,362 shares of Centennial Resource Development stock. The shares were purchased at an average cost of $0.94 per share, for a total transaction of $914,960.28.
  • On Friday, May 15th, Us Centennial Holdings Ll Rel purchased 543,192 shares of Centennial Resource Development stock. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $472,577.04.
  • On Wednesday, May 13th, Us Centennial Holdings Ll Rel bought 1,017,475 shares of Centennial Resource Development stock. The stock was purchased at an average cost of $0.82 per share, for a total transaction of $834,329.50.
  • On Monday, May 11th, Us Centennial Holdings Ll Rel bought 3,004,026 shares of Centennial Resource Development stock. The stock was purchased at an average cost of $0.89 per share, for a total transaction of $2,673,583.14.

Shares of CDEV opened at $1.01 on Friday. The firm has a market cap of $256.66 million, a PE ratio of -0.53 and a beta of 7.57. The company’s fifty day moving average is $0.61 and its two-hundred day moving average is $2.45. Centennial Resource Development Inc has a fifty-two week low of $0.24 and a fifty-two week high of $9.43. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.41.

Centennial Resource Development (NASDAQ:CDEV) last announced its quarterly earnings results on Monday, May 4th. The oil and natural gas company reported ($1.99) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($1.92). Centennial Resource Development had a negative net margin of 56.81% and a negative return on equity of 0.90%. The company had revenue of $192.77 million during the quarter, compared to analyst estimates of $209.29 million. As a group, equities research analysts anticipate that Centennial Resource Development Inc will post -0.91 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Cutler Group LP boosted its holdings in shares of Centennial Resource Development by 209.1% in the 4th quarter. Cutler Group LP now owns 5,543 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 3,750 shares during the period. Tudor Investment Corp Et Al boosted its stake in Centennial Resource Development by 194.2% during the 1st quarter. Tudor Investment Corp Et Al now owns 93,551 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 61,756 shares during the period. Nomura Holdings Inc. acquired a new position in Centennial Resource Development during the 1st quarter valued at about $28,000. Meeder Asset Management Inc. raised its position in shares of Centennial Resource Development by 143.7% during the 4th quarter. Meeder Asset Management Inc. now owns 9,260 shares of the oil and natural gas company’s stock worth $43,000 after buying an additional 5,461 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Centennial Resource Development during the 4th quarter worth about $43,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

CDEV has been the topic of a number of research analyst reports. Wolfe Research lowered Centennial Resource Development to an “underperform” rating in a research report on Thursday, April 2nd. Barclays downgraded shares of Centennial Resource Development from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 24th. Credit Suisse Group reiterated a “neutral” rating on shares of Centennial Resource Development in a research note on Thursday, March 19th. BidaskClub downgraded shares of Centennial Resource Development from a “sell” rating to a “strong sell” rating in a research note on Friday, February 28th. Finally, Bank of America downgraded shares of Centennial Resource Development from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 3rd. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $4.62.

Centennial Resource Development Company Profile

Centennial Resource Development, Inc, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico.

Featured Article: Is it better to buy a fund with a higher or lower NAV?

Insider Buying and Selling by Quarter for Centennial Resource Development (NASDAQ:CDEV)

Receive News & Ratings for Centennial Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centennial Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.