NASDAQ:CDEV - Centennial Resource Development Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $1.69
  • Forecasted Upside: 32.38 %
  • Number of Analysts: 15
  • Breakdown:
  • 8 Sell Ratings
  • 6 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$1.28
▲ +0.07 (5.79%)
1 month | 3 months | 12 months
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Analyst Price Target for CDEV

i We calculate 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). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$1.69
▲ +32.38% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Centennial Resource Development in the last 3 months. The average price target is $1.69, with a high forecast of $5.00 and a low forecast of $0.70. The average price target represents a 32.38% upside from the last price of $1.28.
Hold
The current consensus among 15 investment analysts is to hold stock in Centennial Resource Development. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 1 strong buy ratings
  • 4 buy ratings
  • 10 hold ratings
  • 7 sell ratings
6/12/2019
  • 1 strong buy ratings
  • 3 buy ratings
  • 11 hold ratings
  • 7 sell ratings
9/10/2019
  • 1 strong buy ratings
  • 3 buy ratings
  • 11 hold ratings
  • 6 sell ratings
12/9/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 4 sell ratings
3/8/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 10 hold ratings
  • 8 sell ratings
6/6/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 8 sell ratings
9/4/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 8 sell ratings
11/3/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 8 sell ratings
12/3/2020

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 8 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/30/2020MKM PartnersDowngradeBuy ➝ Neutral$1.00Low
i
11/13/2020Wells Fargo & CompanyDowngradeSellMedium
i
11/3/2020TD SecuritiesBoost Price TargetReduce$0.60 ➝ $0.70Low
i
10/22/2020Piper SandlerUpgradeUnderweight ➝ NeutralMedium
i
10/20/2020KeyCorpLower Price TargetOverweight$2.00 ➝ $1.00Low
i
9/14/2020Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$1.00 ➝ $1.25High
i
8/6/2020Royal Bank of CanadaReiterated RatingHold$1.50Low
i
Rating by Scott Hanold at Royal Bank of Canada
8/5/2020TD SecuritiesLower Price TargetReduce$0.95 ➝ $0.80Low
i
Rating by Menno Hulshof at TD Securities
7/13/2020Royal Bank of CanadaReiterated RatingHold$1.50High
i
Rating by Scott Hanold at Royal Bank of Canada
7/13/2020ScotiabankBoost Price TargetSector Underperform$0.80Medium
i
6/25/2020Wells Fargo & CompanyReiterated RatingHold$1.00 ➝ $1.25High
i
6/11/2020KeyCorpReiterated RatingBuy$1.00 ➝ $2.00High
i
5/5/2020TD SecuritiesDowngradeHold ➝ ReduceHigh
i
4/29/2020SunTrust BanksUpgradeSell ➝ HoldHigh
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
4/24/2020Royal Bank of CanadaReiterated RatingHold$1.50High
i
Rating by Scott Hanold at Royal Bank of Canada
4/24/2020US Capital AdvisorsDowngradeBuy ➝ HoldHigh
i
Rating by C. Horwitz at US Capital Advisors
4/7/2020ScotiabankDowngradeSector Perform ➝ Sector UnderperformHigh
i
4/2/2020Wolfe ResearchDowngradeUnderperformHigh
i
3/24/2020BarclaysDowngradeEqual Weight ➝ UnderweightHigh
i
Rating by William S. Thompson at Barclays PLC
3/20/2020StephensDowngradeSell$1.00High
i
Rating by Gail Nicholson at Stephens
3/19/2020Credit Suisse GroupReiterated RatingNeutralHigh
i
3/18/2020Wells Fargo & CompanyReiterated RatingHoldHigh
i
3/11/2020CowenDowngradeMarket Perform ➝ UnderperformHigh
i
3/10/2020Wells Fargo & CompanyLower Price TargetEqual Weight$6.00 ➝ $3.00High
i
3/9/2020Piper SandlerDowngradeNeutral ➝ UnderweightHigh
i
3/9/2020SunTrust BanksDowngradeHold ➝ SellHigh
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
3/9/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$5.00 ➝ $2.50High
i
3/3/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
i
Rating by Asit Sen at Bank of America Co.
2/26/2020MKM PartnersLower Price TargetBuy$5.00 ➝ $4.00Low
i
Rating by John Gerdes at MKM Partners
2/25/2020TD SecuritiesLower Price TargetHold$5.50 ➝ $3.50Medium
i
2/25/2020Royal Bank of CanadaLower Price TargetOutperform$6.00 ➝ $5.00High
i
1/23/2020KeyCorpBoost Price TargetOverweight$5.00 ➝ $6.00High
i
1/21/2020SunTrust BanksDowngradeBuy ➝ Hold$5.00Low
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
12/6/2019BarclaysDowngradeOverweight ➝ Equal Weight$6.00 ➝ $3.00High
i
Rating by William S. Thompson at Barclays PLC
10/16/2019SunTrust BanksLower Price TargetBuy$8.00 ➝ $6.00Medium
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
10/10/2019Seaport Global SecuritiesDowngradeBuy ➝ NeutralHigh
i
Rating by M. Kelly at Seaport Global Securities
9/16/2019SunTrust BanksUpgradeHold ➝ Buy$5.00 ➝ $8.00High
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
9/10/2019Bank of AmericaSet Price TargetHold$7.00Low
i
Rating by Asit Sen at Bank of America Co.
9/5/2019TD SecuritiesDowngradeBuy ➝ Hold$8.50 ➝ $6.00High
i
9/4/2019MKM PartnersInitiated CoverageBuy$7.00High
i
8/30/2019BarclaysUpgradeEqual Weight ➝ Overweight$9.00 ➝ $6.00Medium
i
8/21/2019GuggenheimSet Price TargetBuy$7.00N/A
i
Rating by Subash Chandra at Guggenheim
8/16/2019Piper Jaffray CompaniesSet Price TargetHold$6.00High
i
Rating by Kashy Harrison at Piper Jaffray Companies
8/7/2019SunTrust BanksSet Price TargetHold$5.00Medium
i
Rating by Neal Dingmann at SunTrust Banks, Inc.
8/7/2019Royal Bank of CanadaSet Price TargetBuy$10.00Medium
i
Rating by Scott Hanold at Royal Bank of Canada
8/6/2019TD SecuritiesLower Price TargetBuy$10.00 ➝ $8.50High
i
7/15/2019Jefferies Financial GroupDowngradeBuy ➝ HoldHigh
i
7/8/2019SunTrust BanksDowngradeBuy ➝ HoldHigh
i
7/8/2019Piper Jaffray CompaniesInitiated CoverageNeutral ➝ Neutral$8.00High
i
7/2/2019BarclaysReiterated RatingHold$9.00Low
i
Rating by William S. Thompson at Barclays PLC
6/7/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$11.00 ➝ $10.00Medium
i
Rating by Michael Glick at JPMorgan Chase & Co.
5/20/2019Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$12.00Low
i
5/7/2019TD SecuritiesLower Price TargetBuy$16.00 ➝ $15.00Medium
i
4/30/2019BarclaysUpgradeUnderweight ➝ Equal Weight$10.00 ➝ $13.00Low
i
Rating by William S. Thompson at Barclays PLC
3/22/2019Johnson RiceDowngradeBuy ➝ AccumulateHigh
i
2/27/2019TD SecuritiesLower Price TargetBuy$19.00 ➝ $16.00Low
i
2/27/2019CowenDowngradeOutperform ➝ Market Perform$15.00 ➝ $11.00High
i
2/26/2019Credit Suisse GroupSet Price TargetHold$12.00High
i
Rating by Betty Jing at Credit Suisse Group AG
2/26/2019GuggenheimSet Price TargetBuy$20.00High
i
Rating by Subash Chandra at Guggenheim
2/26/2019Seaport Global SecuritiesSet Price TargetBuy$15.00High
i
Rating by Mike Kelly at Seaport Global Securities
2/26/2019Bank of AmericaSet Price TargetHold$15.00High
i
Rating by Doug Leggate at Bank of America Co.
2/26/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$20.00 ➝ $10.00High
i
2/3/2019Ifs SecuritiesReiterated RatingStrong-BuyHigh
i
Rating by E. Kantor at Ifs Securities
1/16/2019BarclaysDowngradeOverweight ➝ Underweight$22.00 ➝ $14.00Medium
i
Rating by William S. Thompson at Barclays PLC
1/4/2019Bank of AmericaDowngradeBuy ➝ Neutral$16.00Medium
i
1/4/2019Jefferies Financial GroupLower Price TargetBuy$18.00High
i
Rating by Zach Parham at Jefferies Financial Group Inc.
12/30/2018GuggenheimSet Price TargetBuy$25.00Low
i
Rating by Subash Chandra at Guggenheim
12/23/2018GuggenheimSet Price TargetBuy$25.00Low
i
Rating by Subash Chandra at Guggenheim
12/20/2018MacquarieInitiated CoverageOutperform ➝ OutperformHigh
i
12/20/2018KeyCorpInitiated CoverageSector Weight ➝ Sector WeightHigh
i
12/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
i
12/10/2018Wolfe ResearchDowngradeOutperform ➝ Market PerformLow
i
12/7/2018JPMorgan Chase & Co.Set Price TargetBuy$17.00High
i
Rating by Michael Glick at JPMorgan Chase & Co.
12/6/2018StephensInitiated CoverageEqual ➝ Equal Weight$23.00High
i
Rating by Gail Nicholson at Stephens
11/29/2018CowenInitiated CoverageOutperform ➝ OutperformHigh
i
11/16/2018BarclaysLower Price TargetOverweight ➝ Overweight$24.00 ➝ $22.00Low
i
Rating by Jeanine Wai at Barclays PLC
11/12/2018Credit Suisse GroupDowngradeOutperform ➝ Neutral$22.00High
i
10/1/2018Royal Bank of CanadaSet Price TargetBuy$30.00Low
i
Rating by Scott Hanold at Royal Bank of Canada
9/7/2018SunTrust BanksUpgradeHold ➝ Buy$25.00High
i
8/29/2018BarclaysInitiated CoverageOverweight ➝ Overweight$24.00Medium
i
8/23/2018Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$23.00Medium
i
Rating by Zach Parham at Jefferies Financial Group Inc.
8/20/2018KLR GroupReiterated RatingBuy$29.00Low
i
7/13/2018Royal Bank of CanadaReiterated RatingBuy$28.00Low
i
Rating by Scott Hanold at Royal Bank of Canada
7/11/2018140166Initiated CoverageNeutral$21.00Medium
i
7/5/2018TD SecuritiesInitiated CoverageBuy$23.00Medium
i
Rating by Menno Hulshof at TD Securities
6/15/2018SunTrust BanksInitiated CoverageHold$20.00High
i
6/2/2018National Alliance SecuritiesReiterated RatingHoldHigh
i
5/25/2018National Alliance SecuritiesDowngradeBuy ➝ HoldHigh
i
3/28/2018Stifel NicolausSet Price TargetBuy$28.00High
i
Rating by Derrick Whitfield at Stifel Nicolaus
3/21/2018Johnson RiceInitiated CoverageBuy ➝ Buy$25.00Medium
i
3/13/2018BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$22.00Low
i
Rating by Dan McSpirit at BMO Capital Markets
3/7/2018UBS GroupInitiated CoverageBuy$24.00High
i
2/28/2018Imperial CapitalReiterated RatingOutperform ➝ Outperform$26.00 ➝ $31.00Medium
i
2/16/2018Royal Bank of CanadaInitiated CoverageOutperform ➝ Outperform$26.00Low
i
2/13/2018CitigroupLower Price TargetBuy ➝ Buy$25.00 ➝ $23.00Low
i
Rating by Jeanine Wai at Citigroup Inc.
2/1/2018Deutsche Bank AktiengesellschaftInitiated CoverageBuy ➝ Buy$26.00High
i
1/30/2018Stifel NicolausSet Price TargetBuy$25.00Low
i
Rating by Derrick Whitfield at Stifel Nicolaus
1/29/2018GuggenheimInitiated CoverageBuy ➝ Buy$29.00High
i
12/19/2017Seaport Global SecuritiesUpgradeNeutral ➝ Buy$19.00Low
i
Rating by M. Kelly at Seaport Global Securities
12/11/2017Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$22.00Low
i
Rating by William Featherston at Credit Suisse Group AG
11/14/2017Wolfe ResearchInitiated CoverageOutperformN/A
i
11/7/2017ScotiabankReiterated RatingBuy$22.00N/A
i
10/16/2017Bank of AmericaInitiated CoverageBuyN/A
i
10/13/2017CitigroupSet Price TargetBuy$20.00 ➝ $22.00N/A
i
Rating by Jeanine Wai at Citigroup Inc.
10/10/2017BMO Capital MarketsSet Price TargetHold$18.00N/A
i
Rating by Phillip Jungwirth at BMO Capital Markets
10/5/2017Stifel NicolausSet Price TargetBuy$21.00N/A
i
Rating by Derrick Whitfield at Stifel Nicolaus
9/28/2017Seaport Global SecuritiesInitiated CoverageNeutral ➝ Neutral$19.00High
i
Rating by M. Kelly at Seaport Global Securities
9/25/2017KLR GroupInitiated CoverageBuy ➝ Buy$30.00High
i
8/18/2017Imperial CapitalInitiated CoverageOutperform$22.00Medium
i
Rating by Jason Wangler at Imperial Capital
8/12/2017BMO Capital MarketsSet Price TargetHold$18.00Low
i
Rating by Dan McSpirit at BMO Capital Markets
8/1/2017JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Overweight$19.00Low
i
Rating by Michael Glick at JPMorgan Chase & Co.
7/22/2017ScotiabankReiterated RatingOutperform$21.00Low
i
7/21/2017Scotia Howard WeillInitiated CoverageSector Outperform ➝ Sector Outperform$21.00Medium
i
7/21/2017Howard WeilInitiated CoverageSector Outperform$21.00Medium
i
6/26/2017BMO Capital MarketsSet Price TargetHold$17.00N/A
i
Rating by Randy Ollenberger at BMO Capital Markets
5/1/2017CitigroupInitiated CoverageBuy$21.00High
i
4/12/2017Stifel NicolausInitiated CoverageBuy ➝ Buy$24.00Medium
i
4/3/2017BMO Capital MarketsReiterated RatingMarket Perform$21.00Low
i
3/30/2017Tudor PickeringReiterated RatingBuy$29.00Low
i
3/27/2017Canaccord GenuityLower Price TargetBuy$25.00 ➝ $24.00Low
i
3/23/2017WunderlichBoost Price TargetBuy$24.00 ➝ $28.00High
i
2/2/2017Canaccord GenuityReiterated RatingBuy$25.00N/A
i
1/12/2017Canaccord GenuityReiterated RatingBuy$25.00N/A
i
12/19/2016Canaccord GenuityInitiated CoverageBuy$25.00N/A
i
12/9/2016WunderlichInitiated CoverageBuy$24.00N/A
i
10/26/2016US Capital AdvisorsReiterated RatingBuyN/A
i
Rating by C. Horwitz at US Capital Advisors
(Data available from 12/4/2015 forward)
Centennial Resource Development logo
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico. As of December 31, 2019, it leased or acquired approximately 78,195 net acres; and owned 1,569 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. Centennial Resource Development, Inc. was incorporated in 2015 and is headquartered in Denver, Colorado.
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Today's Range

Now: $1.28
$1.20
$1.30

50 Day Range

MA: $0.82
$0.55
$1.27

52 Week Range

Now: $1.28
$0.24
$5.35

Volume

6,132,123 shs

Average Volume

11,397,064 shs

Market Capitalization

$356.28 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

6.81