Stifel Nicolaus Has Just Reaffirmed $27.0000 Target Price Per Share on Centennial Resource Development Inc (CDEV) stock, While They’ve Also Reiterated Their Buy Rating

Centennial Resource Development Inc (CDEV) Rating Reaffirmed

Recently, In a report shared with investors on Sunday, 25 November, Centennial Resource Development Inc (CDEV) shares have had their Buy Rating restate by investment analysts at Stifel Nicolaus, who currently has a $27.0000 target price on firm. This target by Stifel Nicolaus would suggest the possibile upside of 73.97 % from the close price.

Centennial Resource Development, Inc. (NASDAQ:CDEV) Ratings Coverage

Among 7 analysts covering Centennial Resource Dev (CDEV), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Centennial Resource Dev has $2700 highest and $20 lowest target. $23.57’s average target is 51.87% above currents $15.52 stock price. Centennial Resource Dev had 9 analyst reports since June 15, 2018 according to SRatingsIntel. The stock of Centennial Resource Development, Inc. (NASDAQ:CDEV) has “Buy” rating given on Sunday, November 25 by Stifel Nicolaus. Barclays Capital maintained it with “Overweight” rating and $22 target in Friday, November 16 report. The company was upgraded on Friday, September 7 by SunTrust.

The stock decreased 3.12% or $0.5 during the last trading session, reaching $15.52. About 2.68 million shares traded or 2.51% up from the average. Centennial Resource Development, Inc. (CDEV) has risen 20.32% since December 2, 2017 and is uptrending. It has outperformed by 4.70% the S&P500.

Centennial Resource Development, Inc., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas firm in the United States. The company has market cap of $4.10 billion. It focuses on the development of unconventional oil and associated natural gas reserves located in Reeves, Ward, and Pecos counties, West Texas. It has a 20.61 P/E ratio. The firm was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016.

More notable recent Centennial Resource Development, Inc. (NASDAQ:CDEV) news were published by: Nasdaq.com which released: “Analysts Forecast 21% Upside For JKH – Nasdaq” on November 15, 2018, also Seekingalpha.com with their article: “Centennial Resource Development (CDEV) Presents At Barclays CEO Energy-Power Conference – Slideshow – Seeking Alpha” published on September 04, 2018, Seekingalpha.com published: “Centennial Resource (CDEV) Presents At UBS Global Oil And Gas Conference – Slideshow – Seeking Alpha” on May 23, 2018. More interesting news about Centennial Resource Development, Inc. (NASDAQ:CDEV) were released by: Nasdaq.com and their article: “Energy Sector Update for 11/06/2018: CDEV,VVV,ANW – Nasdaq” published on November 06, 2018 as well as Globenewswire.com‘s news article titled: “Centennial Resource Development, Inc. Announces Second Quarter 2018 Earnings Conference Call – GlobeNewswire” with publication date: July 19, 2018.

Centennial Resource Development, Inc. (NASDAQ:CDEV) Ratings Chart

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