CENTENNIAL RESOURCE DEVELO-A (CDEV) Forecast, Price Target & Analyst Ratings

NASDAQ:CDEV • US15136A1025

Current stock price

7.62 USD
-0.61 (-7.41%)
At close:
7.7 USD
+0.08 (+1.05%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CENTENNIAL RESOURCE DEVELO-A (CDEV).

Forecast Snapshot

Consensus Price Target

Price Target
$10.40
+ 36.54% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 1, 2022
Period
Q3 / 2022
EPS Estimate
$0.56
Revenue Estimate
495.356M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
75.29%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$10.40
Upside
+ 36.54%
From current price of $7.62 to mean target of $10.40, Based on 17 analyst forecasts
Low
$6.57
Median
$10.97
High
$13.65

Price Target Revisions

1 Month
N/A
3 Months
N/A

Price Target Summary

17 Wall Street analysts provided a forecast for the next 12 months for CDEV. The average price target is 10.4 USD. This implies a price increase of 36.54% is expected in the next year compared to the current price of 7.62.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CDEV Current Analyst RatingCDEV Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

CDEV Historical Analyst RatingsCDEV Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
75.29%
CDEV was analyzed by 17 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about CDEV.
In the previous month the buy percentage consensus was at a similar level.
CDEV was analyzed by 17 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-08-24Truist SecuritiesUpgrade Hold -> Buy
2022-07-11Wells FargoDowngrade Equal-Weight -> Underweight
2022-07-06RBC CapitalUpgrade Sector Perform -> Outperform
2022-05-20BMO CapitalMaintains Market Perform
2022-04-08KeybancMaintains Overweight
2022-04-07Piper SandlerUpgrade Neutral -> Overweight
2022-03-10Piper SandlerMaintains Neutral
2022-03-02JP MorganMaintains Neutral
2022-01-27KeybancMaintains Overweight
2022-01-21JP MorganUpgrade Underweight -> Neutral
2021-08-18Cowen & Co.Upgrade Underperform -> Market Perform
2021-08-10MKM PartnersUpgrade Neutral -> Buy
2021-07-16CitigroupInitiate Neutral
2021-06-30UBSDowngrade Buy -> Neutral
2021-06-24KeybancMaintains Overweight
2021-06-10KeybancMaintains Overweight
2021-06-03KeybancMaintains Overweight
2021-05-19Wells FargoMaintains Underweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 1, 2022
Period
Q3 / 2022
EPS Estimate
$0.56
Revenue Estimate
495.356M
Revenue Q2Q
71.70%
EPS Q2Q
368.44%
Number of Analysts
12

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
N/A
EPS (3 Months)
N/A

Next Earnings Summary

CDEV is expected to report earnings on 11/1/2022. The consensus EPS estimate for the next earnings is 0.56 USD and the consensus revenue estimate is 495.36M USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
CDEV revenue by date.CDEV revenue by date.
944.33M
5.98%		580.456M
-38.53%		1.03B
77.43%		2.136B
107.38%		3.465B
62.22%		3.399B
-1.89%		4.338B
27.61%		5.646B
30.17%
EBITDA
YoY % growth
CDEV ebitda by date.CDEV ebitda by date.
571.774M
-7.82%		269.226M
-52.91%		652.1M
142.21%		1.537B
135.73%		2.583B
68.02%		2.482B
-3.89%		3.214B
29.47%		4.244B
32.06%
EBIT
YoY % growth
CDEV ebit by date.CDEV ebit by date.
127.531M
-56.60%		-89.328M
-170.04%		362.978M
506.34%		1.149B
216.53%		1.827B
59.06%		1.682B
-7.95%		2.071B
23.09%		2.6B
25.55%
Operating Margin
CDEV operating margin by date.CDEV operating margin by date.
13.50%-15.39%35.24%53.79%52.75%49.48%47.73%46.04%
EPS
YoY % growth
CDEV eps by date.CDEV eps by date.
0.18
-77.22%		-2.85
-1,683.33%		0.42
114.74%		1.96
366.63%		2.36
20.47%		2.23
-5.37%		2.36
5.44%		2.53
7.55%

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 22 Q4 / 22 Q1 / 23 Q2 / 23 Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25
EPS
Q2Q % growth		0.56
368.44%		0.63
23.36%		0.62
1,143.73%		0.57
-5.38%		0.59
4.35%		0.60
-5.35%		0.55
-11.47%		0.53
-6.12%		0.55
-6.63%		0.57
-3.77%		0.44
-20.33%		0.40
-24.02%
Revenue
Q2Q % growth		495.356M
71.70%		899.89M
184.40%		878.717M
153.03%		849.872M
79.81%		867.834M
75.19%		872.759M
-3.01%		856.29M
-2.55%		855.27M
0.64%		881.79M
1.61%		892.5M
2.26%		N/AN/A
EBITDA
Q2Q % growth		321.522M
1.27%		671.946M
54.70%		656.208M
174.92%		625.884M
41.47%		636.954M
98.11%		638.798M
-4.93%		611.743M
-6.78%		597.166M
-4.59%		607.847M
-4.57%		620.08M
-2.93%		562.871M
-7.99%		542.898M
-9.09%
EBIT
Q2Q % growth		242.382M
132.56%		497.013M
242.19%		476.105M
183.93%		445.546M
54.02%		451.468M
86.26%		446.881M
-10.09%		406.47M
-14.63%		395.76M
-11.17%		409.53M
-9.29%		415.14M
-7.10%		N/AN/A

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CDEV Yearly Revenue VS EstimatesCDEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B 5B
CDEV Yearly EPS VS EstimatesCDEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 -1 2 -2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
74.57%
EPS Next 5 Year
43.25%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
49.42%
Revenue Next 5 Year
40.84%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CENTENNIAL RESOURCE DEVELO-A / CDEV Forecast FAQ

What is the average price target for CENTENNIAL RESOURCE DEVELO-A (CDEV) stock?

17 analysts have analysed CDEV and the average price target is 10.4 USD. This implies a price increase of 36.54% is expected in the next year compared to the current price of 7.62.

What is the next earnings date for CDEV stock?

CENTENNIAL RESOURCE DEVELO-A (CDEV) will report earnings on 2022-11-01.

What are the consensus estimates for CDEV stock next earnings?

The consensus EPS estimate for the next earnings of CENTENNIAL RESOURCE DEVELO-A (CDEV) is 0.56 USD and the consensus revenue estimate is 495.36M USD.

What is the expected long term growth rate for CENTENNIAL RESOURCE DEVELO-A (CDEV)?

The expected long term growth rate for CENTENNIAL RESOURCE DEVELO-A (CDEV) is 49.42%.