CDEV News and Press, Centennial Resource Development Inc. From 04/07/22

Piper Sandler out with an exceedingly bullish oil note Thursday, upping the bank's oil price forecast to $100+ through 2025. Though several banks have called for $100+ oil in 2022, consensus overwhelmingly expects prices to fall back to double digits in coming years. Oil prices hitting record...

Two sample Breakout Stocks for Week 14 with better than 10% short-term upside potential and a Dow stock pick. High frequency breakouts continue with peak gains in LOOP +13.7% and OUST +16.6%. 16 picks (30.7%) this year are up over 10% and as high as 142.3%. The streak of weekly pi...

Stifel upgraded Centennial (CDEV) to buy ahead of the US market open Friday, noting improved drilling efficiency and strong shareholder returns. The analyst believes the Company can improve on its 22-24 wells per rig per month drilling rate, to drive 10% production growth while remaining capi...

Oil and natural gas company Centennial Resource Development, Inc.’s (CDEV) shares registered double-digit gains this year due to rising oil and gas prices. Moreover, the company demonstrated solid growth in its bottom line in the most recent quarter, wiping away its year-ago losses. Bu...

Southwestern Energy (SWN -6.1%) slumps after Wells Fargo downgrades shares to Underweight from Equal Weight with a $10 price target, saying it will take time for shareholders to see benefits from its strategic entry into the Haynesville shale via two large acquisitions, as management focuses ...

Centennial Resource Development (NASDAQ:CDEV) fell 5% after the director and 10% owner of the company REL US Centennial Holdings sold 307,704 shares at $9.13 each, worth ~ $2.8M. The transaction takes its indirect ownership to ~72.55M shares. SEC Filing Quick look at the c...

The benchmark oil prices have gained substantially since the war started in Ukraine. Furthermore, with analysts forecasting that oil prices could reach the $200 per barrel mark this summer, we think low-priced oil and gas stocks Centennial Resource (CDEV), Obsidian Energy (OBE), VAALCO (EGY),...

Shares of Centennial Resource Development Inc. (NASDAQ:CDEV) traded today at $9.29, eclipsing its 52-week high. Approximately 1.6 million shares have changed hands today, as compared to an average 30-day volume of 10.3 million shares. Centennial Resource Development Inc is an independent...

At current high-$90s WTI strip, Centennial may be able to generate over $600 million in positive cash flow. It has hedges covering around 35% of its 2022 oil production. Centennial has instituted a $350 million stock repurchase program. At current strip, it can fund that progr...

Centennial Resource Development, Inc. (CDEV) Q4 2021 Earnings Conference Call February 24, 2022 10:00 am ET Company Participants Hays Mabry - Senior Director, IR Sean Smith - CEO George Glyphis - EVP & CFO Matt Garrison - EVP & COO Conference Call Participants Scott Hanold - RBC Capit...