NASDAQ:CDEV

Centennial Resource Development Price Target, Predictions & Analyst Ratings

$7.33

-0.42 (-5.42 %)

(As of 10/27/2021 12:00 AM ET)

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Today's Range: $7.27
▼
$7.71
50-Day Range: $4.09
▼
$7.24
52-Week Range: $0.53
▼
$7.84

Volume: 6.60 million shs
Average Volume: 8.22 million shs
Market Capitalization: $2.05 billion

P/E Ratio: N/A
Dividend Yield: N/A
Beta: 6.23

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.

Analyst Rating Consensus

Hold
Based on 13 Analyst Ratings

Analyst Price Target Consensus

$5.93
-19.07% Downside

High PT	$8.50
Average PT	$5.93
Low PT	$0.70

Type	Current 10/28/20 to 10/28/21	1 Month Ago 9/28/20 to 9/28/21	3 Months Ago 7/30/20 to 7/30/21	1 Year Ago 10/29/19 to 10/28/20
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	7 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	8 Sell rating(s)
Consensus Price Target	$5.93	$5.53	$4.25	$2.04
Price Target Upside	-19.07% Downside	21.30% Upside	15.14% Upside	54.91% Upside

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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

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) vs. Its Competitors

Type	Centennial Resource Development	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.00	2.42	2.56
Consensus Rating	Hold	Hold	Buy
Price Target Upside	-19.07% Downside	22.32% Upside	8.54% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News
MarketBeat Community Rating	Outperform Votes 286 59.96% Underperform Votes 191 40.04%	Avg. Outperform Votes 271 65.14% Avg. Underperform Votes 145 34.86%	Avg. Outperform Votes 831 69.48% Avg. Underperform Votes 365 30.52%

Centennial Resource Development (NASDAQ:CDEV) Analyst Ratings History

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/21/2021	Piper Sandler		Boost Price Target	Reduce ➝ Neutral	$5.80 ➝ $7.00	+1.30%
10/7/2021	Truist Securities		Boost Price Target	Hold	$6.00 ➝ $7.00
8/18/2021	Cowen		Upgrade	Underperform ➝ Market Perform	$4.00 ➝ $5.75	+29.80%
8/10/2021	MKM Partners	John Gerdes	Upgrade	Neutral ➝ Buy	$6.00 ➝ $7.00	+49.89%
7/16/2021	Citigroup		Initiated Coverage	Neutral	$7.50	+29.09%
6/30/2021	UBS Group		Downgrade	Buy ➝ Neutral	$7.50 ➝ $8.50	+24.82%
6/24/2021	KeyCorp		Boost Price Target	Overweight	$7.00 ➝ $8.00	+13.64%
5/19/2021	Wells Fargo & Company		Boost Price Target	Underweight	$4.00 ➝ $5.00	+10.38%
3/9/2021	Johnson Rice		Upgrade	Accumulate ➝ Buy
2/3/2021	JPMorgan Chase & Co.		Downgrade	Neutral ➝ Underweight

1/25/2021	Stifel Nicolaus		Downgrade	Buy ➝ Hold	$1.80	-28.00%
11/3/2020	TD Securities		Boost Price Target	Reduce	$0.60 ➝ $0.70	+1.63%
8/6/2020	Royal Bank of Canada	Scott Hanold	Reiterated Rating	Hold	$1.50	+64.87%
7/13/2020	Scotiabank		Boost Price Target	Sector Underperform	$0.80	-3.68%
4/29/2020	SunTrust Banks	Neal Dingmann	Upgrade	Sell ➝ Hold
4/24/2020	US Capital Advisors	C. Horwitz	Downgrade	Buy ➝ Hold
4/2/2020	Wolfe Research		Downgrade	Underperform
3/24/2020	Barclays	William S. Thompson	Downgrade	Equal Weight ➝ Underweight
3/20/2020	Stephens	Gail Nicholson	Downgrade	Sell	$1.00	+92.31%
3/19/2020	Credit Suisse Group		Reiterated Rating	Neutral
3/3/2020	Bank of America	Asit Sen	Downgrade	Neutral ➝ Underperform
10/10/2019	Seaport Global Securities	M. Kelly	Downgrade	Buy ➝ Neutral
8/21/2019	Guggenheim	Subash Chandra	Set Price Target	Buy	$7.00	+53.51%
8/16/2019	Piper Jaffray Companies	Kashy Harrison	Set Price Target	Hold	$6.00	+29.03%
7/15/2019	Jefferies Financial Group		Downgrade	Buy ➝ Hold
2/26/2019	BMO Capital Markets		Downgrade	Outperform ➝ Market Perform	$20.00 ➝ $10.00	-21.32%
2/3/2019	Ifs Securities	E. Kantor	Reiterated Rating	Strong-Buy
12/20/2018	Macquarie		Initiated Coverage	Outperform ➝ Outperform
12/14/2018	Tudor Pickering		Downgrade	Buy ➝ Hold

(Data available from 10/28/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Centennial Resource Development (NASDAQ:CDEV) Analyst Ratings Frequently Asked Questions

What is Centennial Resource Development's consensus rating and price target?: According to the issued ratings of 13 analysts in the last year, the consensus rating for Centennial Resource Development stock is Hold based on the current 3 sell ratings, 7 hold ratings and 3 buy ratings for CDEV. The average twelve-month price target for Centennial Resource Development is $5.93 with a high price target of $8.50 and a low price target of $0.70. Learn more on CDEV's analyst rating history
Do Wall Street analysts like Centennial Resource Development more than its competitors?: Analysts like Centennial Resource Development stock less than the stock of other Oils/Energy companies. The consensus rating score for Centennial Resource Development is 2.00 while the average consensus rating score for oils/energy companies is 2.42. Learn more on how CDEV compares to other companies
Do MarketBeat users like Centennial Resource Development more than its competitors?: MarketBeat users like Centennial Resource Development stock less than the stock of other Oils/Energy companies. 59.96% of MarketBeat users gave Centennial Resource Development an outperform vote while oils/energy companies recieve an average of 65.14% outperform votes by MarketBeat users.

Is Centennial Resource Development being upgraded by Wall Street analysts?: Over the previous 90 days, Centennial Resource Development's stock had 2 upgrades by analysts.
Does Centennial Resource Development's stock price have much upside?: According to analysts, Centennial Resource Development's stock has a predicted upside of 14.16% based on their 12-month price targets.
What analysts cover Centennial Resource Development?: Centennial Resource Development has been rated by Cowen, MKM Partners, Piper Sandler, Truist, and Truist Securities in the past 90 days.

This page was last updated on 10/28/2021 by MarketBeat.com Staff

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Centennial Resource Development Price Target, Predictions & Analyst Ratings

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