Centennial Resource Development (NASDAQ:CDEV) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Centennial Resource Development from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Imperial Capital lifted their price objective on Centennial Resource Development from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus set a $25.00 price objective on Centennial Resource Development and gave the company a “buy” rating in a research note on Tuesday, January 30th. Citigroup dropped their price objective on Centennial Resource Development from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Finally, Deutsche Bank began coverage on Centennial Resource Development in a research note on Thursday, February 1st. They set a “buy” rating and a $26.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Centennial Resource Development presently has an average rating of “Buy” and a consensus target price of $24.17.
Shares of Centennial Resource Development (NASDAQ:CDEV) opened at $19.08 on Thursday. The stock has a market capitalization of $4,950.00 and a price-to-earnings ratio of 95.40. Centennial Resource Development has a 52 week low of $14.10 and a 52 week high of $22.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43.
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Centennial Resource Development Company Profile
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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