Centennial Resource Development (NASDAQ:CDEV) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Centennial Resource Development (NASDAQ:CDEV) last released its quarterly earnings results on Monday, February 25th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Centennial Resource Development had a net margin of 22.43% and a return on equity of 6.51%. The firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $238.16 million. Centennial Resource Development’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts expect Centennial Resource Development to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CDEV opened at $10.24 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.53. Centennial Resource Development has a fifty-two week low of $8.28 and a fifty-two week high of $23.12. The stock has a market cap of $2.83 billion, a P/E ratio of 13.65, a PEG ratio of 1.66 and a beta of 1.94.
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.
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