Centennial Resource Development (CDEV) Price Target Lowered to $23.00 at Citigroup
Centennial Resource Development (NASDAQ:CDEV) had its price objective lowered by Citigroup from $25.00 to $23.00 in a research note published on Tuesday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Centennial Resource Development from a buy rating to a hold rating in a research note on Tuesday, January 30th. Stifel Nicolaus set a $25.00 price target on Centennial Resource Development and gave the company a buy rating in a research note on Tuesday, January 30th. BidaskClub raised Centennial Resource Development from a hold rating to a buy rating in a research note on Thursday, January 25th. Deutsche Bank began coverage on Centennial Resource Development in a research note on Thursday, February 1st. They set a buy rating and a $26.00 price target for the company. Finally, Credit Suisse Group began coverage on Centennial Resource Development in a research note on Monday, December 11th. They set an outperform rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $23.53.
Centennial Resource Development (CDEV) opened at $17.92 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.43. Centennial Resource Development has a one year low of $14.10 and a one year high of $22.14.
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Centennial Resource Development Company Profile
Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.
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