Media headlines about Centennial Resource Development (NASDAQ:CDEV) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Development earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 46.2223004855319 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Centennial Resource Development Inc (CDEV) Short Interest Up 12.8% in February (americanbankingnews.com)
- Centennial Resource Development (CDEV) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
- Centennial Resource Development Inc (CDEV) Director Sells $419,355,631.50 in Stock (americanbankingnews.com)
- Centennial Resource Development (CDEV) Now Covered by UBS Group (americanbankingnews.com)
Several brokerages have recently issued reports on CDEV. Zacks Investment Research cut Centennial Resource Development from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. BMO Capital Markets raised Centennial Resource Development from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Tuesday. Stifel Nicolaus set a $25.00 price target on Centennial Resource Development and gave the stock a “buy” rating in a report on Tuesday, January 30th. BidaskClub raised Centennial Resource Development from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Citigroup reduced their price target on Centennial Resource Development from $25.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.37.
In other Centennial Resource Development news, Director Us Centennial Holdings Ll Rel sold 21,505,417 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $19.50, for a total transaction of $419,355,631.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 44.70% of the stock is currently owned by insiders.
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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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