News headlines about Centennial Resource Development (NASDAQ:CDEV) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Centennial Resource Development earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 46.2223004855319 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts have recently issued reports on CDEV shares. Seaport Global Securities upgraded shares of Centennial Resource Development from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, December 19th. Royal Bank of Canada started coverage on shares of Centennial Resource Development in a report on Friday, February 16th. They issued an “outperform” rating and a $26.00 price objective on the stock. BidaskClub downgraded shares of Centennial Resource Development from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Credit Suisse Group started coverage on shares of Centennial Resource Development in a report on Monday, December 11th. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Guggenheim started coverage on shares of Centennial Resource Development in a report on Monday, January 29th. They set a “buy” rating and a $29.00 target price on the stock. Two analysts have rated the stock with a sell rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.37.
Shares of CDEV stock opened at $18.46 on Wednesday. Centennial Resource Development has a 52-week low of $14.10 and a 52-week high of $22.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $4,943.68, a PE ratio of 59.55, a P/E/G ratio of 0.60 and a beta of 1.56.
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About Centennial Resource Development
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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