Centennial Resource Development Inc. (NASDAQ:CDEV) went up by 3.31% from its latest closing price compared to the recent 1-year high of $3.92. The company’s stock price has collected 7.78% of gains in the last five trading sessions. Barron’s reported on 02/05/21 that 5 Stocks That Are Most Sensitive to a Change in Oil Prices
Is It Worth Investing in Centennial Resource Development Inc. (NASDAQ :CDEV) Right Now?
Plus, the 36-month beta value for CDEV is at 6.75. Opinions of the stock are interesting as 2 analysts out of 16 who provided ratings for Centennial Resource Development Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 4 as “sell.”
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The average price from analysts is $2.51, which is -$1.4 below the current price. CDEV currently public float of 181.75M and currently shorts hold a 4.49% ratio of that float. Today, the average trading volume of CDEV was 7.92M shares.
CDEV’s Market Performance
CDEV stocks went up by 7.78% for the week, with a monthly jump of 65.49% and a quarterly performance of 289.58%, while its annual performance rate touched 28.08%. The volatility ratio for the week stands at 10.99% while the volatility levels for the past 30 days are set at 12.48% for Centennial Resource Development Inc.. The simple moving average for the period of the last 20 days is 23.84% for CDEV stocks with a simple moving average of 203.75% for the last 200 days.
Analysts’ Opinion of CDEV
Stifel, on the other hand, stated in their research note that they expect to see CDEV reach a price target of $1.80. The rating they have provided for CDEV stocks is “Hold” according to the report published on January 25th, 2021.
MKM Partners gave a rating of “Neutral” to CDEV, setting the target price at $1 in the report published on November 30th of the previous year.
CDEV Trading at 61.33% from the 50-Day Moving Average
After a stumble in the market that brought CDEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.59% of loss for the given period.
Volatility was left at 12.48%, however, over the last 30 days, the volatility rate increased by 10.99%, as shares surge +49.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +136.71% upper at present.
During the last 5 trading sessions, CDEV rose by +7.78%, which changed the moving average for the period of 200-days by +414.58% in comparison to the 20-day moving average, which settled at $3.08. In addition, Centennial Resource Development Inc. saw 149.33% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CDEV starting from Glyphis George S., who purchase 25,000 shares at the price of $0.54 back on Sep 14. After this action, Glyphis George S. now owns 2,298,821 shares of Centennial Resource Development Inc., valued at $13,608 using the latest closing price.
Glyphis George S., the VP, Chief Financial Officer of Centennial Resource Development Inc., purchase 50,000 shares at $0.57 during a trade that took place back on Sep 08, which means that Glyphis George S. is holding 2,273,821 shares at $28,300 based on the most recent closing price.
Stock Fundamentals for CDEV
Current profitability levels for the company are sitting at:
- +13.50 for the present operating margin
- +21.89 for the gross margin
The net margin for Centennial Resource Development Inc. stands at +1.71. The total capital return value is set at 3.08, while invested capital returns managed to touch 0.40. Equity return is now at value -20.50, with -14.00 for asset returns.
Based on Centennial Resource Development Inc. (CDEV), the company’s capital structure generated 32.84 points at debt to equity in total, while total debt to capital is 24.72. Total debt to assets is 21.82, with long-term debt to equity ratio resting at 32.56. Finally, the long-term debt to capital ratio is 24.51.
When we switch over and look at the enterprise to sales, we see a ratio of 2.49, with the company’s debt to enterprise value settled at 0.46. The receivables turnover for the company is 9.33 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.