Centennial Resource Development (CDEV) Receives Daily Coverage Optimism Rating of 0.06

Media coverage about Centennial Resource Development (NASDAQ:CDEV) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Development earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the oil and natural gas company an impact score of 47.8243044014449 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Centennial Resource Development (NASDAQ CDEV) traded down $0.59 during trading on Wednesday, reaching $18.87. The company had a trading volume of 848,573 shares, compared to its average volume of 1,439,607. Centennial Resource Development has a fifty-two week low of $14.10 and a fifty-two week high of $22.11. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.06.

Several brokerages have recently commented on CDEV. Wolfe Research began coverage on Centennial Resource Development in a report on Tuesday, November 14th. They set an “outperform” rating on the stock. Scotiabank restated a “buy” rating and set a $22.00 target price on shares of Centennial Resource Development in a report on Tuesday, November 7th. Zacks Investment Research cut Centennial Resource Development from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America began coverage on Centennial Resource Development in a report on Monday, October 16th. They set a “buy” rating on the stock. Finally, Citigroup set a $22.00 target price on Centennial Resource Development and gave the stock a “buy” rating in a report on Friday, October 13th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.50.

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About Centennial Resource Development

Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

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