NASDAQ:CDEV - Centennial Resource Development Price Target & Analyst Ratings Sign in or create an account to add this stock to your watchlist. Get Started $11.40 -0.80 (-6.56 %) (As of 12/19/2018 05:11 AM ET)Previous Close$12.20Today's Range$11.39 - $12.4952-Week Range$11.39 - $23.12Volume4.24 million shsAverage Volume2.91 million shsMarket Capitalization$3.37 billionP/E Ratio15.64Dividend YieldN/ABeta1.39 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Analyst Ratings Centennial Resource Development (NASDAQ:CDEV) Price Target and Consensus Rating (How are Consensus Ratings Calculated?) 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.23 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 $24.3158, suggesting that the stock has a possible upside of 113.30%. The high price target for CDEV is $31.00 and the low price target for CDEV is $17.00. There are currently 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus rating of "Buy."Today30 Days Ago90 Days Ago180 Days AgoConsensus Rating: BuyBuyBuyBuyConsensus Rating Score: 2.742.832.902.90Ratings Breakdown: 0 Sell Rating(s)6 Hold Rating(s)17 Buy Rating(s)0 Strong Buy Rating(s)0 Sell Rating(s)3 Hold Rating(s)15 Buy Rating(s)0 Strong Buy Rating(s)0 Sell Rating(s)2 Hold Rating(s)19 Buy Rating(s)0 Strong Buy Rating(s)0 Sell Rating(s)2 Hold Rating(s)18 Buy Rating(s)0 Strong Buy Rating(s)Consensus Price Target: $24.3158$24.8235$24.6667$24.00Price Target Upside: 113.30% upside42.91% upside30.24% upside43.03% upsideCentennial Resource Development (NASDAQ:CDEV) Consensus Price Target History Centennial Resource Development (NASDAQ:CDEV) Analyst Ratings History Show: Only the Most Recent Rating From Each Brokerage All Ratings For This Stock DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails12/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh12/10/2018Wolfe ResearchDowngradeOutperform ➝ Market PerformLow12/7/2018JPMorgan Chase & Co.Set Price TargetBuy$17.00High12/6/2018StephensInitiated CoverageEqual ➝ Equal Weight$23.00High11/29/2018CowenInitiated CoverageOutperform ➝ OutperformHigh11/16/2018BarclaysLower Price TargetOverweight ➝ Overweight$24.00 ➝ $22.00Low11/12/2018Credit Suisse GroupDowngradeOutperform ➝ Neutral$22.00High10/1/2018Royal Bank of CanadaSet Price TargetBuy$30.00Low9/7/2018SunTrust BanksUpgradeHold ➝ Buy$25.00High8/23/2018Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$23.00Medium8/20/2018KLR GroupReiterated RatingBuy$29.00Low7/11/2018Susquehanna BancsharesInitiated CoverageNeutral$21.00Medium7/5/2018TD SecuritiesInitiated CoverageBuy$23.00Medium6/2/2018National Alliance SecuritiesReiterated RatingHoldHigh3/28/2018Stifel NicolausSet Price TargetBuy$28.00High3/21/2018Johnson RiceInitiated CoverageBuy ➝ Buy$25.00Medium3/13/2018BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$22.00Low3/7/2018UBS GroupInitiated CoverageBuy$24.00High2/28/2018Imperial CapitalReiterated RatingOutperform ➝ Outperform$26.00 ➝ $31.00Medium2/13/2018CitigroupLower Price TargetBuy ➝ Buy$25.00 ➝ $23.00Low2/1/2018Deutsche BankInitiated CoverageBuy ➝ Buy$26.00High1/29/2018GuggenheimInitiated CoverageBuy ➝ Buy$29.00High12/19/2017Seaport Global SecuritiesUpgradeNeutral ➝ Buy$19.00Low11/7/2017ScotiabankReiterated RatingBuy$22.00N/A10/16/2017Bank of AmericaInitiated CoverageBuyN/A7/21/2017Scotia Howard WeillInitiated CoverageSector Outperform ➝ Sector Outperform$21.00Medium3/27/2017Canaccord GenuityLower Price TargetBuy$25.00 ➝ $24.00Low3/23/2017WunderlichBoost Price TargetBuy$24.00 ➝ $28.00High(Data available from 12/19/2016 forward) This page was last updated on 12/19/2018 by MarketBeat.com StaffFeatured Article: What does cost of debt say about a company’s financial health?