CDEV
Centennial Resource Development, Inc. [CDEV] Stock Forecast
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Permian Resources Announces Third Quarter 2022 Earnings Conference Call
MIDLAND, Texas, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report third quarter 2022 financial and operating results after the market closes for trading on November 8, 2022. Management will host an earnings conference call on November 9, 2022 at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing “Permian Resources” at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company's website or by phone at (877) 344-7529 (Access Code: 5341497) for a seven-day period following the call.
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Higher oil equivalent production and increased commodity prices aid Centennial's (CDEV) Q2 earnings.
Centennial Resource Development, Inc. (CDEV) CEO Sean Smith on Q2 2022 Results - Earnings Call Transcript
Centennial Resource Development, Inc. (NASDAQ:CDEV ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Sean Smith - CEO George Glyphis - EVP & CFO Matthew Garrison - EVP & COO Hays Mabry - Senior Director, Investor Relations Conference Call Participants Scott Hanold - RBC Capital Markets John Annis - Stifel Financial Corp. Danny Pelton - Truist Securities Operator Good morning and welcome to the Centennial Resource Development's Conference Call to discuss its Second Quarter 2022 earnings. Today's call is being recorded.
Centennial Resource (CDEV) Beats Q2 Earnings and Revenue Estimates
Centennial Resource (CDEV) delivered earnings and revenue surprises of 48.78% and 20.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
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CDEV Financial details
CDEV Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2021-12-31
| Metric | History | 2017-12-31 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 2.59 | 3.39 | 3.59 | 2.09 | 3.66 | |
| Net income per share | 0.46 | 0.76 | 0.06 | -2.46 | 0.49 | |
| Operating cash flow per share | 1.57 | 2.55 | 2.14 | 0.62 | 1.87 | |
| Free cash flow per share | -4.51 | -2.08 | -1.53 | -0.56 | 0.71 | |
| Cash per share | 0.71 | 0.07 | 0.04 | 0.02 | 0.03 | |
| Book value per share | 17.11 | 11.79 | 12.37 | 9.38 | 9.78 | |
| Tangible book value per share | 18.13 | 12.33 | 12.42 | 9.38 | 9.78 | |
| Share holders equity per share | 17.11 | 11.79 | 12.37 | 9.38 | 9.78 | |
| Interest debt per share | 2.39 | 2.72 | 4.25 | 4.09 | 3.2 | |
| Market cap | 3.28B | 2.9B | 1.22B | 416.36M | 1.68B | |
| Enterprise value | 3.55B | 3.57B | 2.27B | 1.48B | 2.51B | |
| P/E ratio | 43.41 | 14.5 | 77 | -0.61 | 12.17 | |
| Price to sales ratio | 7.63 | 3.25 | 1.29 | 0.72 | 1.63 | |
| POCF ratio | 12.62 | 4.33 | 2.16 | 2.43 | 3.2 | |
| PFCF ratio | -4.39 | -5.3 | -3.01 | -2.66 | 8.47 | |
| P/B Ratio | 1.16 | 0.93 | 0.37 | 0.16 | 0.61 | |
| PTB ratio | 1.16 | 0.93 | 0.37 | 0.16 | 0.61 | |
| EV to sales | 8.27 | 4.01 | 2.41 | 2.55 | 2.44 | |
| Enterprise value over EBITDA | 31.95 | 12.58 | 30.42 | -4.28 | 5.19 | |
| EV to operating cash flow | 13.67 | 5.33 | 4.03 | 8.65 | 4.78 | |
| EV to free cash flow | -4.76 | -6.53 | -5.63 | -9.46 | 12.67 | |
| Earnings yield | 0.02 | 0.07 | 0.01 | -1.64 | 0.08 | |
| Free cash flow yield | -0.23 | -0.19 | -0.33 | -0.38 | 0.12 | |
| Debt to equity | 0.22 | 0.33 | 0.44 | 0.47 | 0.38 | |
| Debt to assets | 0.17 | 0.24 | 0.3 | 0.32 | 0.28 | |
| Net debt to EBITDA | 2.46 | 2.37 | 14.14 | -3.08 | 1.72 | |
| Current ratio | 1.01 | 0.53 | 0.47 | 0.5 | 0.52 | |
| Interest coverage | 18.38 | 11.49 | 1.49 | -12.33 | 6.58 | |
| Income quality | 3.44 | 3.35 | 35.71 | -0.25 | 3.8 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.2 | 0.14 | 0.16 | 0.12 | 0.11 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -3.87 | -1.82 | -1.72 | -1.91 | -0.62 | |
| Capex to revenue | -2.34 | -1.37 | -1.02 | -0.57 | -0.32 | |
| Capex to depreciation | 0 | 0 | 0 | -0.91 | -1.13 | |
| Stock based compensation to revenue | 0.03 | 0.02 | 0.03 | 0.04 | 0.06 | |
| Graham number | 13.25 | 14.2 | 4.09 | 22.79 | 10.4 | |
| ROIC | 0.02 | 0.05 | 0.01 | -0.18 | 0.1 | |
| Return on tangible assets | 0.02 | 0.05 | 0 | -0.18 | 0.04 | |
| Graham Net | -2.63 | -3.51 | -5.05 | -4.24 | -3.52 | |
| Working capital | 2.81M | -117.53M | -134.34M | -66.28M | -81.36M | |
| Tangible asset value | 3B | 3.24B | 3.27B | 2.6B | 2.75B | |
| Net current asset value | -410.01M | -885.96M | -1.3B | -1.16B | -967.34M | |
| Invested capital | 0.14 | 0.22 | 0.33 | 0.41 | 0.31 | |
| Average receivables | 46.66M | 89.7M | 101.27M | 78.23M | 62.93M | |
| Average payables | 37.61M | 59.99M | 38.73M | 13.27M | 7.39M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 66.89 | 41.22 | 39.39 | 34.31 | 25.27 | |
| Days payables outstanding | 115.1 | 49.87 | 13.29 | 3.19 | 7.38 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 5.46 | 8.86 | 9.27 | 10.64 | 14.45 | |
| Payables turnover | 3.17 | 7.32 | 27.47 | 114.52 | 49.45 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.03 | 0.06 | 0 | -0.26 | 0.05 | |
| Capex per share | -6.08 | -4.63 | -3.68 | -1.18 | -1.16 |
Quarterly Fundamentals Overview
Last date of statement is 2022-06-30 for Q2
| Metric | History | 2021-06-30 | 2021-09-30 | 2021-12-31 | 2022-03-31 | 2022-06-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 0.84 | 1.03 | 1.12 | 1.22 | 1.66 | |
| Net income per share | -0.09 | 0.13 | 0.57 | 0.06 | 0.67 | |
| Operating cash flow per share | 0.39 | 0.55 | 0.68 | 0.56 | 1.04 | |
| Free cash flow per share | 0.09 | 0.22 | 0.3 | 0.27 | 0.53 | |
| Cash per share | 0.02 | 0.02 | 0.03 | 0.18 | 0.71 | |
| Book value per share | 9.12 | 9.19 | 9.75 | 9.73 | 10.42 | |
| Tangible book value per share | 9.12 | 9.19 | 9.75 | 9.73 | 10.42 | |
| Share holders equity per share | 9.12 | 9.19 | 9.75 | 9.73 | 10.42 | |
| Interest debt per share | 3.89 | 3.69 | 3.03 | 2.91 | 3.05 | |
| Market cap | 1.89B | 1.88B | 1.69B | 2.3B | 1.7B | |
| Enterprise value | 2.95B | 2.9B | 2.52B | 3.07B | 2.36B | |
| P/E ratio | -18.83 | 12.69 | 2.62 | 36.37 | 2.22 | |
| Price to sales ratio | 8.12 | 6.53 | 5.33 | 6.62 | 3.61 | |
| POCF ratio | 17.59 | 12.27 | 8.76 | 14.36 | 5.78 | |
| PFCF ratio | 71.85 | 30.91 | 19.66 | 30.25 | 11.39 | |
| P/B Ratio | 0.74 | 0.73 | 0.61 | 0.83 | 0.57 | |
| PTB ratio | 0.74 | 0.73 | 0.61 | 0.83 | 0.57 | |
| EV to sales | 12.69 | 10.06 | 7.96 | 8.83 | 5 | |
| Enterprise value over EBITDA | 47.23 | 22.88 | 10.08 | 29.13 | 5.93 | |
| EV to operating cash flow | 27.52 | 18.9 | 13.09 | 19.15 | 8.01 | |
| EV to free cash flow | 112.39 | 47.61 | 29.38 | 40.34 | 15.78 | |
| Earnings yield | -0.01 | 0.02 | 0.1 | 0.01 | 0.11 | |
| Free cash flow yield | 0.01 | 0.03 | 0.05 | 0.03 | 0.09 | |
| Debt to equity | 0.53 | 0.5 | 0.38 | 0.43 | 0.42 | |
| Debt to assets | 0.34 | 0.33 | 0.28 | 0.3 | 0.3 | |
| Net debt to EBITDA | 17.04 | 8.03 | 3.33 | 7.29 | 1.65 | |
| Current ratio | 0.45 | 0.48 | 0.52 | 0.63 | 1.11 | |
| Interest coverage | 4.74 | 7.05 | 13.46 | 14.16 | 24.3 | |
| Income quality | -4.28 | 4.13 | 1.2 | 10.13 | 1.54 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.12 | 0.13 | 0.06 | 0.09 | 0.02 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -0.76 | -0.6 | -0.55 | -0.53 | -0.49 | |
| Capex to revenue | -0.35 | -0.32 | -0.34 | -0.24 | -0.31 | |
| Capex to depreciation | 0 | 0 | 0 | 0 | -0.95 | |
| Stock based compensation to revenue | 0.08 | 0.06 | 0.02 | 0.06 | 0 | |
| Graham number | 4.3 | 5.23 | 11.18 | 3.48 | 12.56 | |
| ROIC | 0.02 | 0.03 | 0.05 | 0.03 | 0.06 | |
| Return on tangible assets | -0.01 | 0.01 | 0.04 | 0 | 0.05 | |
| Graham Net | -4.54 | -4.33 | -3.51 | -3.64 | -3.32 | |
| Working capital | -120.54M | -118.99M | -81.36M | -110.29M | 33.78M | |
| Tangible asset value | 2.54B | 2.58B | 2.75B | 2.77B | 2.97B | |
| Net current asset value | -1.24B | -1.19B | -967.34M | -998.02M | -904.58M | |
| Invested capital | 0.42 | 0.4 | 0.31 | 0.29 | 0.29 | |
| Average receivables | 80.08M | 94.72M | 85.57M | 101.57M | 136.72M | |
| Average payables | 19.32M | 22.91M | 18.02M | 24.13M | 34.83M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 34.67 | 31.15 | 20.28 | 34.17 | 26.96 | |
| Days payables outstanding | 15.15 | 18.37 | 6.93 | 28.5 | 20.49 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 2.6 | 2.89 | 4.44 | 2.63 | 3.34 | |
| Payables turnover | 5.94 | 4.9 | 12.98 | 3.16 | 4.39 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | -0.01 | 0.01 | 0.06 | 0.01 | 0.06 | |
| Capex per share | -0.29 | -0.33 | -0.38 | -0.3 | -0.51 |
CDEV Frequently Asked Questions
What is Centennial Resource Development, Inc. stock symbol ?
Centennial Resource Development, Inc. is a US stock , located in Denver of Colorado and trading under the symbol CDEV
Is Centennial Resource Development, Inc. buy or a sell ?
5 stock analysts have 5 predictions with a medium analyst target price of $9.4. The lowest prediction is $5 and the highest is $12
What is CDEV stock prediction ?
Is Centennial Resource Development, Inc. stock public?
Yes, Centennial Resource Development, Inc. is a publicly traded company.
Company Profile
- Market Capitalization 4.18B
- Employee 147
- CEO Mr. Mark Papa
- Headquarters Denver,COLORADO,US
- IPO Date 2016-03-02
-
Website
https://www.cdevinc.com 
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. The company was incorporated in 2015 and is headquartered in Denver, Colorado.
