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NASDAQ: CDEV
CENTENNIAL RESOURCE DEVELOPMENT INC Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CDEV

Based on 9 analysts offering 12 month price targets for CENTENNIAL RESOURCE DEVELOPMENT INC.
Min Forecast
$5.75-26.56%
Avg Forecast
$9.33+19.13%
Max Forecast
$13.00+66.03%

Should I buy or sell CDEV stock?

Based on 10 analysts offering ratings for CENTENNIAL RESOURCE DEVELOPMENT INC.
Buy
Strong Buy
4 analysts 40%
Buy
0 analysts 0%
Hold
6 analysts 60%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CDEV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BMO Capital
Top 7%
94
HoldMaintains$8.00+2.17%2022-05-20
Anonymous
KeyBanc
Strong BuyMaintains$11.00+40.49%2022-04-08
Piper Sandler
Top 2%
99
Strong BuyUpgrades$13.00+66.03%2022-04-07
Stifel Nicolaus
Top 27%
74
Strong BuyUpgrades$11.20+43.04%2022-04-01
Wells Fargo
Top 17%
84
HoldUpgrades$12.00+53.26%2022-03-14
JP Morgan
Bottom 25%
25
HoldMaintains$10.00+27.71%2022-03-02
Cowen & Co.
Top 24%
77
HoldUpgrades$5.75-26.56%2021-08-18
MKM Partners
Top 1%
100
Strong BuyUpgradesN/AN/A2021-08-10
Citigroup
Top 11%
90
HoldInitiates Coverage On$7.50-4.21%2021-07-16
UBS
Top 1%
100
HoldDowngrades$8.50+8.56%2021-06-30

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Forecast return on equity

Is CDEV forecast to generate an efficient return?
Company
35.58%
Industry
-361.25%
Market
38.7%
CDEV's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CDEV forecast to generate an efficient return on assets?
Company
24.91%
Industry
17.61%
CDEV is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CDEV earnings per share forecast

What is CDEV's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$1.95+191.04%
Avg 2 year Forecast
$2.29+241.79%
Avg 3 year Forecast
$3.46+416.42%
CDEV's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CDEV revenue forecast

What is CDEV's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.8B+49.68%
Avg 2 year Forecast
$3.1B+161.71%
Avg 3 year Forecast
$1.4B+20.02%
CDEV's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CDEV earnings growth forecast

How is CDEV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
93.07%
Industry
32.41%
Market
16.37%
CDEV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CDEV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CDEV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CDEV revenue growth forecast

How is CDEV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
61.77%
Industry
15.33%
Market
8.39%
CDEV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CDEV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CDEV vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
CDEV$7.83$9.33+19.13%Buy
ESTE$19.10$14.63-23.43%Hold
GPOR$98.28$104.00+5.82%Buy
NOG$33.33$35.44+6.34%Strong Buy
ROCC$42.81$50.00+16.80%Buy
View Top Oil and Gas Stocks

CENTENNIAL RESOURCE DEVELOPMENT Stock Forecast FAQ

Is CENTENNIAL RESOURCE DEVELOPMENT Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: CDEV) stock is to Buy CDEV stock.

Out of 10 analysts, 4 (40%) are recommending CDEV as a Strong Buy, 0 (0%) are recommending CDEV as a Buy, 6 (60%) are recommending CDEV as a Hold, 0 (0%) are recommending CDEV as a Sell, and 0 (0%) are recommending CDEV as a Strong Sell.

What is CDEV's earnings growth forecast for 2022-2024?

(NASDAQ: CDEV) CENTENNIAL RESOURCE DEVELOPMENT's forecast annual earnings growth rate of 93.07% is forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 32.41%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 16.37%.

CENTENNIAL RESOURCE DEVELOPMENT's earnings in 2022 is $188,622,000.On average, 3 Wall Street analysts forecast CDEV's earnings for 2022 to be $555,735,668, with the lowest CDEV earnings forecast at $470,237,873, and the highest CDEV earnings forecast at $706,781,772. On average, 3 Wall Street analysts forecast CDEV's earnings for 2023 to be $652,633,169, with the lowest CDEV earnings forecast at $424,639,049, and the highest CDEV earnings forecast at $906,276,627.

In 2024, CDEV is forecast to generate $986,074,569 in earnings, with the lowest earnings forecast at $986,074,569 and the highest earnings forecast at $986,074,569.

What is CDEV's revenue growth forecast for 2022-2024?

(NASDAQ: CDEV) CENTENNIAL RESOURCE DEVELOPMENT's forecast annual revenue growth rate of 61.77% is forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 15.33%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.39%.

CENTENNIAL RESOURCE DEVELOPMENT's revenue in 2022 is $1,184,778,000.On average, 2 Wall Street analysts forecast CDEV's revenue for 2022 to be $505,391,715,878, with the lowest CDEV revenue forecast at $497,796,661,755, and the highest CDEV revenue forecast at $512,986,770,000. On average, 2 Wall Street analysts forecast CDEV's revenue for 2023 to be $883,662,460,223, with the lowest CDEV revenue forecast at $840,443,324,850, and the highest CDEV revenue forecast at $926,881,595,595.

In 2024, CDEV is forecast to generate $405,259,548,300 in revenue, with the lowest revenue forecast at $405,259,548,300 and the highest revenue forecast at $405,259,548,300.

What is CDEV's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: CDEV) forecast ROA is 24.91%, which is higher than the forecast US Oil & Gas E&P industry average of 17.61%.

What is CDEV's Price Target?

According to 9 Wall Street analysts that have issued a 1 year CDEV price target, the average CDEV price target is $9.33, with the highest CDEV stock price forecast at $13.00 and the lowest CDEV stock price forecast at $5.75.

On average, Wall Street analysts predict that CENTENNIAL RESOURCE DEVELOPMENT's share price could reach $9.33 by May 20, 2023. The average CENTENNIAL RESOURCE DEVELOPMENT stock price prediction forecasts a potential upside of 19.13% from the current CDEV share price of $7.83.

What is CDEV's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: CDEV) CENTENNIAL RESOURCE DEVELOPMENT's current Earnings Per Share (EPS) is $0.67. On average, analysts forecast that CDEV's EPS will be $1.95 for 2022, with the lowest EPS forecast at $1.65, and the highest EPS forecast at $2.48. On average, analysts forecast that CDEV's EPS will be $2.29 for 2023, with the lowest EPS forecast at $1.49, and the highest EPS forecast at $3.18. In 2024, CDEV's EPS is forecast to hit $3.46 (min: $3.46, max: $3.46).

What is CDEV's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: CDEV) forecast ROE is 35.58%, which is considered strong.
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