Centennial Resource Development (NASDAQ:CDEV – Get Rating) and PEDEVCO (NYSE:PED – Get Rating) are both oils/energy companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, risk, valuation, earnings, analyst recommendations, profitability and dividends.
Earnings and Valuation
This table compares Centennial Resource Development and PEDEVCO’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Centennial Resource Development||$1.03 billion||2.22||$138.18 million||$0.59||13.61|
|PEDEVCO||$15.86 million||6.84||-$1.30 million||N/A||N/A|
This is a summary of current ratings and target prices for Centennial Resource Development and PEDEVCO, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Centennial Resource Development||0||6||3||0||2.33|
Centennial Resource Development currently has a consensus price target of $9.40, indicating a potential upside of 17.00%. Given Centennial Resource Development’s higher probable upside, equities analysts clearly believe Centennial Resource Development is more favorable than PEDEVCO.
Risk and Volatility
Centennial Resource Development has a beta of 5.22, suggesting that its share price is 422% more volatile than the S&P 500. Comparatively, PEDEVCO has a beta of 0.98, suggesting that its share price is 2% less volatile than the S&P 500.
This table compares Centennial Resource Development and PEDEVCO’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Centennial Resource Development||15.92%||12.30%||8.44%|
Institutional & Insider Ownership
5.0% of PEDEVCO shares are owned by institutional investors. 29.2% of Centennial Resource Development shares are owned by company insiders. Comparatively, 70.3% of PEDEVCO shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Centennial Resource Development beats PEDEVCO on 8 of the 11 factors compared between the two stocks.
About Centennial Resource Development (Get Rating)
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.
About PEDEVCO (Get Rating)
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 385 net wells in Permian Basin Asset; and 78 net wells in (D-J) Basin Asset. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
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