Centennial Resource Development Inc. Class A Common Stock (CDEV) - Live Price

Centennial Resource Development Inc. Class A Common Stock

Centennial Resource Development Inc. Class A Common Stock (CDEV) is a publicly traded company that operates in the oil and gas exploration and production industry. Headquartered in Denver, Colorado, Centennial Resource Development focuses on the development and management of unconventional oil and natural gas reserves, primarily in the Permian Basin, which spans across Texas and New Mexico. The company's shares are traded on the Nasdaq Global Select Market under the symbol CDEV. \r\n\r\nCentennial Resource Development boasts a diverse portfolio of assets that includes both producing and non-producing leases. The company's primary focus is on the development of its core assets, which include the Delaware Basin and the Southern Delaware Basin. Its strategy involves employing horizontal drilling and multi-stage fracturing techniques to unlock the potential of these resources. \r\n\r\nIn terms of financials, Centennial Resource Development has shown consistent growth in revenues, net income, and production levels. For the fiscal year 2020, the company reported total revenues of $1.39 billion, a 58% increase from the previous year. Net income for the same period stood at $477 million, a 123% improvement. Moreover, the company's production levels increased by 57% year-on-year, reaching a total of 212 million barrels of oil equivalent. \r\n\r\nThe strong financial performance and solid growth prospects make Centennial Resource Development an attractive investment for those seeking exposure to the oil and gas sector. The company's focus on the Permian Basin, which is considered one of the most prolific oil and gas regions in the world, adds to its appeal. Investors should, however, be aware of the cyclical nature of the energy sector and the potential for price volatility in the commodities markets.

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How Many People are employed by Centennial Resource Development, Inc.?

How are Centennial Resource Development Inc. Class A Common Stock divided?

Approximately 37.48% of Centennial Resource Development Inc. Class A Common Stock are owned by individual stakeholders. Mutual Funds actively invest in Centennial Resource Development, Inc., controlling roughly 12.25% of all Centennial Resource Development Inc. Class A Common Stock.

• Individual Stakeholders: 37.48%
• Mutual Fund: 12.25%
• Other Institutions: 0.00%

How much is Centennial Resource Development Inc. Class A Common Stock stock worth?

Centennial Resource Development Inc. Class A Common Stock (CDEV) is worth $7.62 USD as of November 21, 2024, 12:15 pm UTC time.
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