BidaskClub lowered shares of Centennial Resource Development (NASDAQ:CDEV) from a hold rating to a sell rating in a research report report published on Wednesday morning.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Centennial Resource Development from a buy rating to a hold rating in a research report on Tuesday, January 30th. Stifel Nicolaus set a $25.00 price target on shares of Centennial Resource Development and gave the company a buy rating in a research report on Tuesday, January 30th. Citigroup cut their price target on shares of Centennial Resource Development from $25.00 to $23.00 and set a buy rating on the stock in a research report on Tuesday, February 13th. Deutsche Bank began coverage on shares of Centennial Resource Development in a research report on Thursday, February 1st. They issued a buy rating and a $26.00 price target on the stock. Finally, Scotiabank reiterated a buy rating and issued a $22.00 price target on shares of Centennial Resource Development in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $23.67.
Centennial Resource Development (NASDAQ CDEV) opened at $17.90 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Centennial Resource Development has a one year low of $14.10 and a one year high of $22.14.
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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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