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Centennial Resource Development Price Target & Analyst Ratings (NASDAQ:CDEV)

$3.83
-0.22 (-5.43 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$3.80
Now: $3.83
$4.22
50-Day Range
$2.96
MA: $3.44
$4.05
52-Week Range
$2.92
Now: $3.83
$14.21
Volume7.47 million shs
Average Volume5.82 million shs
Market Capitalization$1.06 billion
P/E Ratio5.11
Dividend YieldN/A
Beta1.85

Analyst Ratings

Centennial Resource Development (NASDAQ:CDEV) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
20 Wall Street analysts have issued ratings and price targets for Centennial Resource Development in the last 12 months. Their average twelve-month price target is $9.33, suggesting that the stock has a possible upside of 143.69%. The high price target for CDEV is $18.00 and the low price target for CDEV is $3.00. There are currently 14 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 2.352.362.362.45
Ratings Breakdown: 0 Sell Rating(s)
14 Hold Rating(s)
5 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
15 Hold Rating(s)
6 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
15 Hold Rating(s)
6 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
13 Hold Rating(s)
8 Buy Rating(s)
1 Strong Buy Rating(s)
Consensus Price Target: $9.33$10.38$10.31$17.44
Price Target Upside: 143.69% upside200.72% upside124.18% upside133.75% upside

Centennial Resource Development (NASDAQ:CDEV) Consensus Price Target History

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Centennial Resource Development (NASDAQ:CDEV) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
12/6/2019BarclaysDowngradeOverweight ➝ Equal Weight$6.00 ➝ $3.00High
10/16/2019SunTrust BanksLower Price TargetBuy$8.00 ➝ $6.00Medium
10/10/2019Seaport Global SecuritiesDowngradeBuy ➝ NeutralHigh
9/10/2019Bank of AmericaSet Price TargetHold$7.00Low
9/5/2019TD SecuritiesDowngradeBuy ➝ Hold$8.50 ➝ $6.00High
9/4/2019MKM PartnersInitiated CoverageBuy$7.00High
8/21/2019GuggenheimSet Price TargetBuy$7.00N/A
8/16/2019Piper Jaffray CompaniesSet Price TargetHold$6.00High
8/7/2019Royal Bank of CanadaSet Price TargetBuy$10.00Medium
7/15/2019Jefferies Financial GroupDowngradeBuy ➝ HoldHigh
6/7/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$11.00 ➝ $10.00Medium
5/20/2019Wells Fargo & CoInitiated CoverageMarket Perform ➝ Market Perform$12.00Low
3/22/2019Johnson RiceDowngradeBuy ➝ AccumulateHigh
2/27/2019CowenDowngradeOutperform ➝ Market Perform$15.00 ➝ $11.00High
2/26/2019Credit Suisse GroupSet Price TargetHold$12.00High
2/26/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$20.00 ➝ $10.00High
2/3/2019Ifs SecuritiesReiterated RatingStrong-BuyHigh
12/20/2018MacquarieInitiated CoverageOutperform ➝ OutperformHigh
12/20/2018KeyCorpInitiated CoverageSector Weight ➝ Sector WeightHigh
12/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
12/10/2018Wolfe ResearchDowngradeOutperform ➝ Market PerformLow
12/6/2018StephensInitiated CoverageEqual ➝ Equal Weight$23.00High
8/20/2018KLR GroupReiterated RatingBuy$29.00Low
7/11/2018Susquehanna BancsharesInitiated CoverageNeutral$21.00Medium
6/2/2018National Alliance SecuritiesReiterated RatingHoldHigh
3/28/2018Stifel NicolausSet Price TargetBuy$28.00High
3/7/2018UBS GroupInitiated CoverageBuy$24.00High
2/28/2018Imperial CapitalReiterated RatingOutperform ➝ Outperform$26.00 ➝ $31.00Medium
2/13/2018CitigroupLower Price TargetBuy ➝ Buy$25.00 ➝ $23.00Low
2/1/2018Deutsche BankInitiated CoverageBuy ➝ Buy$26.00High
(Data available from 12/13/2017 forward)
This page was last updated on 12/13/2019 by MarketBeat.com Staff

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