CDEV
Price:
$7.62
Market Cap:
$19.91B
Centennial Resource Development, Inc. operates as an independent entity in the oil and natural gas sector, primarily engaged in developing crude oil and related liquids-rich natural gas reserves across the United States. Its core assets and operations are concentrated within the Delaware Basin, a significant sub-basin of the broader Permian Basin. Specifically, the company's landholdings are predominantly situated in Reeves County, West Texas, and Lea County, New Mexico. By December 31, 2021, Centennial had acquired or leased approximately 73,675 net acres, in addition to owning 991 net mineral acres within the Delaware Basin. Established in 2015 and headquartered in Denver, Colorado, the co...[Read more]
Industry
Oil & Gas Exploration & Production
IPO Date
2016-03-02
Stock Exchange
NASDAQ
Ticker
CDEV
According to Permian Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.62. This represents a change of -8.54% compared to the average of 0.68 of the last 4 quarters.
The mean historical Current Ratio of Permian Resources Corporation over the last ten years is 0.76. The current 0.62 Current Ratio has changed 8.12% with respect to the historical average. Over the past ten years (40 quarters), CDEV's Current Ratio was at its highest in in the September 2016 quarter at 1.66. The Current Ratio was at its lowest in in the March 2020 quarter at 0.31.
Average
0.76
Median
0.65
Minimum
0.47
Maximum
1.65
Discovering the peaks and valleys of Permian Resources Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 610.73%
Maximum Annual Current Ratio = 1.65
Minimum Annual Increase = -48.17%
Minimum Annual Current Ratio = 0.47
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 0.78 | -7.45% |
| 2024 | 0.84 | 61.30% |
| 2023 | 0.52 | -31.60% |
| 2022 | 0.77 | 48.60% |
| 2021 | 0.52 | 3.63% |
| 2020 | 0.50 | 5.35% |
| 2019 | 0.47 | -10.17% |
| 2018 | 0.53 | -48.17% |
| 2017 | 1.01 | -38.71% |
| 2016 | 1.65 | 610.73% |
The current Current Ratio of Permian Resources Corporation (CDEV) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
0.72
5-year avg
0.69
10-year avg
0.76
Permian Resources Corporation’s Current Ratio is less than Enerplus Corporation (0.80), less than Chord Energy Corporation (1.22), greater than Denbury Inc. (0.59), greater than Civitas Resources, Inc. (0.56), less than Earthstone Energy, Inc. (0.65), greater than Veren Inc. (0.57), greater than Callon Petroleum Company (0.39), less than Euronav N.V. (1.12), less than Crescent Point Energy Corp. (0.76), less than ChampionX Corporation (1.99),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.80 | $4.10B | |
| 1.22 | $8.56B | |
| 0.59 | $4.51B | |
| 0.56 | $2.34B | |
| 0.65 | $2.98B | |
| 0.57 | $3.68B | |
| 0.39 | $2.38B | |
| 1.12 | $3.25B | |
| 0.76 | $5.31B | |
| 1.99 | $4.94B |
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