Centennial Resource Development (NASDAQ: CDEV) is one of 20 publicly-traded companies in the “Integrated Oil & Gas” industry, but how does it weigh in compared to its rivals? We will compare Centennial Resource Development to related businesses based on the strength of its dividends, earnings, profitability, valuation, analyst recommendations, risk and institutional ownership.
Volatility and Risk
Centennial Resource Development has a beta of 2, indicating that its stock price is 100% more volatile than the S&P 500. Comparatively, Centennial Resource Development’s rivals have a beta of 1.39, indicating that their average stock price is 39% more volatile than the S&P 500.
This table compares Centennial Resource Development and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Centennial Resource Development||$98.83 million||-$226.80 million||N/A|
|Centennial Resource Development Competitors||$78.29 billion||$113.43 million||-210.72|
Centennial Resource Development’s rivals have higher revenue and earnings than Centennial Resource Development.
Institutional and Insider Ownership
93.5% of Centennial Resource Development shares are held by institutional investors. Comparatively, 40.6% of shares of all “Integrated Oil & Gas” companies are held by institutional investors. 44.7% of Centennial Resource Development shares are held by insiders. Comparatively, 9.8% of shares of all “Integrated Oil & Gas” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
This is a summary of recent recommendations and price targets for Centennial Resource Development and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Centennial Resource Development||0||2||13||0||2.87|
|Centennial Resource Development Competitors||218||674||786||31||2.37|
Centennial Resource Development presently has a consensus price target of $22.77, indicating a potential upside of 17.01%. As a group, “Integrated Oil & Gas” companies have a potential upside of 23.46%. Given Centennial Resource Development’s rivals higher possible upside, analysts plainly believe Centennial Resource Development has less favorable growth aspects than its rivals.
This table compares Centennial Resource Development and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Centennial Resource Development||-49.20%||-5.52%||-5.19%|
|Centennial Resource Development Competitors||-7.97%||2.68%||1.10%|
Centennial Resource Development rivals beat Centennial Resource Development on 7 of the 12 factors compared.
About Centennial Resource Development
Centennial Resource Development, Inc. is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of large, contiguous acreage blocks in Reeves, Ward and Pecos counties in West Texas. As of December 31, 2016, the Company held approximately 92% membership interest in Centennial Resource Production, LLC (CRP). As of December 31, 2016, its portfolio included 106 operated producing horizontal wells. The horizontal wells span an area of approximately 45 miles long by 20 miles wide where it had commercial production in five zones: the 3rd Bone Spring Sandstone, Upper Wolfcamp A, Lower Wolfcamp A, Wolfcamp B and Wolfcamp C.
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