Centennial Resource Development Inc (NASDAQ:CDEV) gets downgraded to Underweight by Barclays

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Analyst Ratings For Centennial Resource Development Inc (NASDAQ:CDEV)

Today, Centennial Resource Development Inc (NASDAQ:CDEV) stock was downgraded by Barclays from Overweight to Underweight.

There are 16 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Centennial Resource Development Inc (NASDAQ:CDEV) is Buy with a consensus target price of $23.6842 per share, a potential 75.44% upside.

Some recent analyst ratings include

  • 1/16/2019-Centennial Resource Development Inc (NASDAQ:CDEV) gets downgraded to Underweight by Barclays
  • 1/4/2019-Centennial Resource Development Inc (NASDAQ:CDEV) gets downgraded to Neutral by Bank of America with a price target of $16.00
  • 12/20/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Outperform ➝ Outperform rating
  • 12/20/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Sector Weight ➝ Sector Weight rating
  • 12/14/2018-Centennial Resource Development Inc (NASDAQ:CDEV) gets downgraded to Hold by Tudor Pickering
  • On 6/4/2018 George S Glyphis, CFO, bought 15,000 with an average share price of $16.79 per share and the total transaction amounting to $251,850.00.
  • On 5/25/2018 Brent P Jensen, VP, bought 4,500 with an average share price of $17.75 per share and the total transaction amounting to $79,875.00.
  • On 3/8/2018 Us Centennial Holdings Ll Rel, Director, sold 21,505,417 with an average share price of $19.50 per share and the total transaction amounting to $419,355,631.50.
  • On 6/6/2017 George S Glyphis, CFO, bought 10,000 with an average share price of $15.02 per share and the total transaction amounting to $150,200.00.
  • On 6/5/2017 Sean R Smith, COO, bought 10,000 with an average share price of $15.05 per share and the total transaction amounting to $150,500.00.

About Centennial Resource Development Inc (NASDAQ:CDEV)
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, 2017, it leased or acquired approximately 84,718 net acres; and operated 181 producing horizontal wells. 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.

Recent Trading Activity for Centennial Resource Development Inc (NASDAQ:CDEV)
Shares of Centennial Resource Development Inc closed the previous trading session at 13,50 +0,20 1,50 % with 13.38 shares trading hands.