Is CENTENNIAL RES (CDEV) A Great Value Stock Right Now?

By Zacks Investment ResearchStock MarketsMar 03, 2020 11:50PM ET

www.investing.com/analysis/is-centennial-res-cdev-a-great-value-stock-right-now-200513339

Is CENTENNIAL RES (CDEV) A Great Value Stock Right Now?

By Zacks Investment Research | Mar 03, 2020 11:50PM ET

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is CENTENNIAL RES (CDEV). CDEV is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. CDEV has a P/S ratio of 0.56. This compares to its industry's average P/S of 0.61.

Finally, investors will want to recognize that CDEV has a P/CF ratio of 1.50. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. CDEV's current P/CF looks attractive when compared to its industry's average P/CF of 5.44. Within the past 12 months, CDEV's P/CF has been as high as 6.06 and as low as 1.48, with a median of 3.11.

Value investors will likely look at more than just these metrics, but the above data helps show that CENTENNIAL RES is likely undervalued currently. And when considering the strength of its earnings outlook, CDEV sticks out at as one of the market's strongest value stocks.

CENTENNIAL RES (CDEV): Free Stock Analysis Report

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Is CENTENNIAL RES (CDEV) A Great Value Stock Right Now?

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