Wolfe Research began coverage on shares of Centennial Res (NASDAQ:CDEV) in a research note published on Tuesday, The Fly reports. The brokerage issued an outperform rating on the oil and natural gas company’s stock.
Several other research analysts have also recently weighed in on CDEV. Howard Weil initiated coverage on Centennial Res in a research report on Friday, July 21st. They set a sector outperform rating and a $21.00 price objective for the company. Scotia Howard Weill initiated coverage on Centennial Res in a research report on Friday, July 21st. They set a sector outperform rating and a $21.00 price objective for the company. Scotiabank reaffirmed an outperform rating and set a $21.00 price objective on shares of Centennial Res in a research report on Saturday, July 22nd. J P Morgan Chase & Co started coverage on Centennial Res in a report on Tuesday, August 1st. They set an overweight rating and a $19.00 target price on the stock. Finally, BMO Capital Markets set a $18.00 target price on Centennial Res and gave the stock a hold rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $22.50.
Centennial Res (NASDAQ:CDEV) opened at $20.08 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.43. Centennial Res has a 52-week low of $13.31 and a 52-week high of $22.11.
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Centennial Res 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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