Centennial Resource Development (NASDAQ:CDEV) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
CDEV has been the topic of a number of other reports. Zacks Investment Research lowered shares of Centennial Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Seaport Global Securities upgraded shares of Centennial Resource Development from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, December 19th. Wolfe Research began coverage on shares of Centennial Resource Development in a research report on Tuesday, November 14th. They issued an “outperform” rating on the stock. Stifel Nicolaus set a $21.00 price target on shares of Centennial Resource Development and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Bank of America assumed coverage on shares of Centennial Resource Development in a research report on Monday, October 16th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.47.
Centennial Resource Development (NASDAQ CDEV) opened at $20.68 on Wednesday. Centennial Resource Development has a 12 month low of $14.10 and a 12 month high of $22.11. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The stock has a market cap of $5,250.00 and a price-to-earnings ratio of -18.14.
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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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