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NASDAQ: CDEV
Centennial Resource Development Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CDEV

Based on 5 analysts offering 12 month price targets for Centennial Resource Development Inc.
Min Forecast
$1.80-70.73%
Avg Forecast
$6.31+2.6%
Max Forecast
$8.50+38.21%

Should I buy or sell CDEV stock?

Based on 7 analysts offering ratings for Centennial Resource Development Inc.
Hold
Strong Buy
2 analysts 28.57%
Buy
0 analysts 0%
Hold
4 analysts 57.14%
Sell
0 analysts 0%
Strong Sell
1 analysts 14.29%

CDEV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Top 28%
73
HoldUpgrades$5.75-6.50%2021-08-18
MKM Partners
Top 1%
100
Strong BuyUpgradesN/AN/A2021-08-10
Citigroup
Top 18%
83
HoldInitiates Coverage On$7.50+21.95%2021-07-16
UBS
Top 1%
100
HoldDowngrades$8.50+38.21%2021-06-30
KeyBanc
Top 1%
100
Strong BuyMaintains$8.00+30.08%2021-06-24
Anonymous
KeyBanc
Strong BuyMaintains$7.00+13.82%2021-06-10
JP Morgan
Top 38%
63
Strong SellDowngradesN/AN/A2021-02-03
Stifel Nicolaus
Top 36%
65
HoldDowngrades$1.80-70.73%2021-01-25

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Forecast return on equity

Is CDEV forecast to generate an efficient return?
Company
6.7%
Industry
5.49%
Market
46.47%
CDEV's Return on Equity is forecast to be low in 3 years (6.7%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is CDEV forecast to generate an efficient return on assets?
Company
4.46%
Industry
8.49%
CDEV is forecast to generate lower Return on Assets (4.46%) than the US Oil & Gas E&P industry average (8.49%)
Forecast

CDEV earnings per share forecast

What is CDEV's earnings per share in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$0.50-225%
Avg 2 year Forecast
$0.86-315%
Avg 3 year Forecast
$0.61-252.5%

CDEV revenue forecast

What is CDEV's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$955.3M+10.88%
Avg 2 year Forecast
$1.1B+29.79%
Avg 3 year Forecast
$1.0B+20.23%
CDEV's revenue is forecast to grow at a rate of 10.11% per year, which is not exceptional
Forecast

CDEV revenue growth forecast

How is CDEV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
10.11%
Industry
25.05%
Market
10.71%
CDEV's revenues are forecast to grow slower (10.11% per year) than the US Oil & Gas E&P industry average (25.05%)
Forecast
CDEV's revenues are forecast to grow slower (10.11% per year) than the US market average (10.71%)
Forecast

Centennial Resource Development Stock Forecast FAQ

Is Centennial Resource Development Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NASDAQ: CDEV) stock is to Hold CDEV stock.

Out of 7 analysts, 2 (28.57%) are recommending CDEV as a Strong Buy, 0 (0%) are recommending CDEV as a Buy, 4 (57.14%) are recommending CDEV as a Hold, 0 (0%) are recommending CDEV as a Sell, and 1 (14.29%) are recommending CDEV as a Strong Sell.

What is CDEV's earnings growth forecast for 2021-2023?

(NASDAQ: CDEV) Centennial Resource Development's forecast annual earnings growth rate of N/A is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 207.91%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.69%.

Centennial Resource Development's earnings in 2021 is -$111,231,000.On average, 4 Wall Street analysts forecast CDEV's earnings for 2021 to be $142,045,999, with the lowest CDEV earnings forecast at $110,795,879, and the highest CDEV earnings forecast at $167,614,278. On average, 5 Wall Street analysts forecast CDEV's earnings for 2022 to be $244,319,117, with the lowest CDEV earnings forecast at $213,068,998, and the highest CDEV earnings forecast at $281,251,077.

In 2023, CDEV is forecast to generate $173,296,118 in earnings, with the lowest earnings forecast at $164,773,358 and the highest earnings forecast at $178,977,958.

What is CDEV's revenue growth forecast for 2021-2023?

(NASDAQ: CDEV) Centennial Resource Development's forecast annual revenue growth rate of 10.11% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 25.05%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.71%.

Centennial Resource Development's revenue in 2021 is $861,550,000.On average, 5 Wall Street analysts forecast CDEV's revenue for 2021 to be $271,392,516,550, with the lowest CDEV revenue forecast at $242,131,609,043, and the highest CDEV revenue forecast at $295,455,676,880. On average, 5 Wall Street analysts forecast CDEV's revenue for 2022 to be $317,672,807,413, with the lowest CDEV revenue forecast at $301,989,792,811, and the highest CDEV revenue forecast at $330,398,992,511.

In 2023, CDEV is forecast to generate $294,277,547,368 in revenue, with the lowest revenue forecast at $281,126,076,551 and the highest revenue forecast at $318,467,128,637.

What is CDEV's forecast return on assets (ROA) for 2021-2023?

(NASDAQ: CDEV) forecast ROA is 4.46%, which is lower than the forecast US Oil & Gas E&P industry average of 8.49%.

What is CDEV's Price Target?

According to 5 Wall Street analysts that have issued a 1 year CDEV price target, the average CDEV price target is $6.31, with the highest CDEV stock price forecast at $8.50 and the lowest CDEV stock price forecast at $1.80.

On average, Wall Street analysts predict that Centennial Resource Development's share price could stay at $6.31 by Aug 18, 2022. The average Centennial Resource Development stock price prediction forecasts a potential downside of N/A from the current CDEV share price of $6.15.

What is CDEV's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: CDEV) Centennial Resource Development's current Earnings Per Share (EPS) is -$0.40. On average, analysts forecast that CDEV's EPS will be $0.50 for 2021, with the lowest EPS forecast at $0.39, and the highest EPS forecast at $0.59. On average, analysts forecast that CDEV's EPS will be $0.86 for 2022, with the lowest EPS forecast at $0.75, and the highest EPS forecast at $0.99. In 2023, CDEV's EPS is forecast to hit $0.61 (min: $0.58, max: $0.63).

What is CDEV's forecast return on equity (ROE) for 2021-2023?

(NASDAQ: CDEV) forecast ROE is 6.7%, which is considered weak.
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