Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Buy rating and $23.00 price target

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

Today, Jefferies Financial Group initiated coverage on Centennial Resource Development Inc (NASDAQ:CDEV) with a Buy with a price target of $23.00.

There are 17 Buy Ratings, 3 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Centennial Resource Development Inc (NASDAQ:CDEV) is Buy with a consensus target price of $24.4118 per share, a potential 34.06% upside.

Some recent analyst ratings include

  • 8/23/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Buy rating and $23.00 price target
  • 8/20/2018-Centennial Resource Development Inc (NASDAQ:CDEV) had its Buy rating reiterated by KLR Group with a $29.00 price target
  • 7/13/2018-Centennial Resource Development Inc (NASDAQ:CDEV) had its Buy rating reiterated by Royal Bank of Canada with a $28.00 price target
  • 7/11/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Neutral rating and $21.00 price target
  • 7/5/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Buy rating and $23.00 price target
  • 6/15/2018-Centennial Resource Development Inc (NASDAQ:CDEV) has coverage initiated with a Hold rating and $20.00 price target
  • 6/2/2018-Centennial Resource Development Inc (NASDAQ:CDEV) had its Hold rating reiterated by National Alliance Securities

Recent Insider Trading Activity For Centennial Resource Development Inc (NASDAQ:CDEV)
Centennial Resource Development Inc (NASDAQ:CDEV) has insider ownership of 31.00% and institutional ownership of 96.40%.

  • 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., together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the United States. It focuses on the development of unconventional oil and associated liquids-rich natural gas reserves located in the Permian 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.

Recent Trading Activity for Centennial Resource Development Inc (NASDAQ:CDEV)
Shares of Centennial Resource Development Inc closed the previous trading session at 18,21 +0,12 0,66 % with 18.06 shares trading hands.