▲ +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.
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.
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.