Centennial Resource Development found using ticker (CDEV) have now 21 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 10 and 0 with the average target price sitting at 1.52. With the stocks previous close at 1.03 this would indicate that there is a potential upside of 47.6%. The 50 day moving average now sits at 0.45 and the 200 day moving average is 2.66. The market capitalisation for the company is $327m. Visit the company website at: http://www.cdevinc.com
Centennial Resource Development, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development in October 2016. Centennial Resource Development was incorporated in 2015 and is headquartered in Denver, Colorado.