Basic Stock Data on Centennial Resource Development, Inc. (CDEV)

In the past 52-week period, shares of Centennial Resource Development, Inc. (NASDAQ:CDEV) have moved within the range of $13.31 to $22.11. On the stock’s most recent trading day, the company’s shares ended the regular session at $19.40, which is 12.26% lower than its 52-week high.

Centennial Resource Development, Inc. (CDEV) has demonstrated a 20-day simple moving average (SMA) of -0.29%, and a 50-day SMA of 3.91%. This public company’s current market capitalization stands at $4.99 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Understanding Wall Street analyst’s enthusiasm for a particular stock is crucial when considering entering a position. According to the latest data, the consensus recommendation for Centennial Resource Development, Inc. (CDEV) is Outperform.

When it comes to sales data, public companies usually post revenue and earnings that are either higher or lower than the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Centennial Resource Development, Inc. (CDEV) delivered a 6.46% surprise with its net revenue. Sales reached $0.11 billion during the three-month period, compared to the average analyst estimate of $0.1 billion.

Meanwhile, during the same quarter Centennial Resource Development, Inc. (CDEV) delivered a 10.09% earnings surprise. Net earnings for the quarter were posted at $0.06 per share, whereas Wall Street had forecast $0.05 per share.

Ownership at Centennial Resource Development, Inc. (CDEV), According to Most Recent SEC Filings

A public company’s latest 13F filings tell investors important details about institutional ownership. Centennial Resource Development, Inc. (CDEV) has 0 billion shares outstanding currently, 100.32% of which belong to institutional investors. Those institutional holdings amount to $5.09 billion.

Additionally, according to the most recent 13F filing from Centennial Resource Development, Inc. (CDEV), there were 38 new positions totaling 8,797,968 shares of the company’s stock. There were 22 sold out positions, on the other hand, totaling 3,743,458 shares.

Short, Medium and Long Term Indicators

Examining a stock’s average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. Centennial Resource Development, Inc. (CDEV) has had a 20-day average volume of 2,571,115 shares, with an average of 40% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 1,711,032 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,487,629 shares with 67% of long-term indicators pointing to Buy.