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

  • Consensus Rating: Hold
  • Consensus Price Target: $2.54
  • Forecasted Upside: -61.30 %
  • Number of Analysts: 10
  • Breakdown:
  • 4 Sell Ratings
  • 4 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$6.57
▲ +0.35 (5.63%)
1 month | 3 months | 12 months
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Analyst Price Target for CDEV

Average Price Target: $2.54
▼ -61.30% Downside Potential
This price target is based on 10 analysts offering 12 month price targets for Centennial Resource Development in the last 3 months. The average price target is $2.54, with a high forecast of $7.00 and a low forecast of $0.70. The average price target represents a -61.30% upside from the last price of $6.57.

Hold

The current consensus among 10 contributing 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
  • 2 buy ratings
  • 8 hold ratings
  • 6 sell ratings
12/28/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 7 sell ratings
3/27/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 9 hold ratings
  • 8 sell ratings
6/25/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 8 sell ratings
9/23/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 8 sell ratings
12/22/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 6 sell ratings
3/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 4 sell ratings
5/21/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 4 sell ratings
6/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 4 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/10/2021KeyCorpBoost Price TargetOverweight$6.00 ➝ $7.00Medium
6/3/2021KeyCorpBoost Price TargetOverweight$5.00 ➝ $6.00High
5/19/2021Wells Fargo & CompanyBoost Price TargetUnderweight$4.00 ➝ $5.00High
3/9/2021Johnson RiceUpgradeAccumulate ➝ BuyMedium
2/3/2021JPMorgan Chase & Co.DowngradeNeutral ➝ UnderweightHigh
1/25/2021Stifel NicolausDowngradeBuy ➝ Hold$1.80High
1/21/2021KeyCorpBoost Price TargetOverweight$2.00 ➝ $3.00Medium
12/10/2020KeyCorpBoost Price TargetOverweight$1.00 ➝ $2.00Low
11/30/2020MKM PartnersDowngradeBuy ➝ Neutral$1.00Low
11/13/2020Wells Fargo & CompanyDowngradeSellMedium
11/3/2020TD SecuritiesBoost Price TargetReduce$0.60 ➝ $0.70Low
10/22/2020Piper SandlerUpgradeUnderweight ➝ NeutralMedium
10/20/2020KeyCorpLower Price TargetOverweight$2.00 ➝ $1.00Low
9/14/2020Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$1.00 ➝ $1.25High
8/6/2020Royal Bank of CanadaReiterated RatingHold$1.50Low
8/5/2020TD SecuritiesLower Price TargetReduce$0.95 ➝ $0.80Low
7/13/2020Royal Bank of CanadaReiterated RatingHold$1.50High
7/13/2020ScotiabankBoost Price TargetSector Underperform$0.80Medium
6/25/2020Wells Fargo & CompanyReiterated RatingHold$1.00 ➝ $1.25High
6/11/2020KeyCorpReiterated RatingBuy$1.00 ➝ $2.00High
5/5/2020TD SecuritiesDowngradeHold ➝ ReduceHigh
4/29/2020SunTrust BanksUpgradeSell ➝ HoldHigh
4/24/2020Royal Bank of CanadaReiterated RatingHold$1.50High
4/24/2020US Capital AdvisorsDowngradeBuy ➝ HoldHigh
4/7/2020ScotiabankDowngradeSector Perform ➝ Sector UnderperformHigh
4/2/2020Wolfe ResearchDowngradeUnderperformHigh
3/24/2020BarclaysDowngradeEqual Weight ➝ UnderweightHigh
3/20/2020StephensDowngradeSell$1.00High
3/19/2020Credit Suisse GroupReiterated RatingNeutralHigh
3/18/2020Wells Fargo & CompanyReiterated RatingHoldHigh
3/11/2020CowenDowngradeMarket Perform ➝ UnderperformHigh
3/10/2020Wells Fargo & CompanyLower Price TargetEqual Weight$6.00 ➝ $3.00High
3/9/2020Piper SandlerDowngradeNeutral ➝ UnderweightHigh
3/9/2020SunTrust BanksDowngradeHold ➝ SellHigh
3/9/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$5.00 ➝ $2.50High
3/3/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
2/26/2020MKM PartnersLower Price TargetBuy$5.00 ➝ $4.00Low
2/25/2020TD SecuritiesLower Price TargetHold$5.50 ➝ $3.50Medium
2/25/2020Royal Bank of CanadaLower Price TargetOutperform$6.00 ➝ $5.00High
1/23/2020KeyCorpBoost Price TargetOverweight$5.00 ➝ $6.00High
1/21/2020SunTrust BanksDowngradeBuy ➝ Hold$5.00Low
12/6/2019BarclaysDowngradeOverweight ➝ Equal Weight$6.00 ➝ $3.00High
10/16/2019SunTrust BanksLower Price TargetBuy$8.00 ➝ $6.00Medium
10/10/2019Seaport Global SecuritiesDowngradeBuy ➝ NeutralHigh
9/16/2019SunTrust BanksUpgradeHold ➝ Buy$5.00 ➝ $8.00High
9/10/2019Bank of AmericaSet Price TargetHold$7.00Low
9/5/2019TD SecuritiesDowngradeBuy ➝ Hold$8.50 ➝ $6.00High
9/4/2019MKM PartnersInitiated CoverageBuy$7.00High
8/30/2019BarclaysUpgradeEqual Weight ➝ Overweight$9.00 ➝ $6.00Medium
8/21/2019GuggenheimSet Price TargetBuy$7.00N/A
8/16/2019Piper Jaffray CompaniesSet Price TargetHold$6.00High
8/7/2019SunTrust BanksSet Price TargetHold$5.00Medium
8/7/2019Royal Bank of CanadaSet Price TargetBuy$10.00Medium
8/6/2019TD SecuritiesLower Price TargetBuy$10.00 ➝ $8.50High
7/15/2019Jefferies Financial GroupDowngradeBuy ➝ HoldHigh
7/8/2019SunTrust BanksDowngradeBuy ➝ HoldHigh
7/8/2019Piper Jaffray CompaniesInitiated CoverageNeutral ➝ Neutral$8.00High
7/2/2019BarclaysReiterated RatingHold$9.00Low
6/7/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$11.00 ➝ $10.00Medium
5/20/2019Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$12.00Low
5/7/2019TD SecuritiesLower Price TargetBuy$16.00 ➝ $15.00Medium
4/30/2019BarclaysUpgradeUnderweight ➝ Equal Weight$10.00 ➝ $13.00Low
3/22/2019Johnson RiceDowngradeBuy ➝ AccumulateHigh
2/27/2019TD SecuritiesLower Price TargetBuy$19.00 ➝ $16.00Low
2/27/2019CowenDowngradeOutperform ➝ Market Perform$15.00 ➝ $11.00High
2/26/2019Credit Suisse GroupSet Price TargetHold$12.00High
2/26/2019GuggenheimSet Price TargetBuy$20.00High
2/26/2019Seaport Global SecuritiesSet Price TargetBuy$15.00High
2/26/2019Bank of AmericaSet Price TargetHold$15.00High
2/26/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$20.00 ➝ $10.00High
2/3/2019Ifs SecuritiesReiterated RatingStrong-BuyHigh
1/16/2019BarclaysDowngradeOverweight ➝ Underweight$22.00 ➝ $14.00Medium
1/4/2019Bank of AmericaDowngradeBuy ➝ Neutral$16.00Medium
1/4/2019Jefferies Financial GroupLower Price TargetBuy$18.00High
12/30/2018GuggenheimSet Price TargetBuy$25.00Low
12/23/2018GuggenheimSet Price TargetBuy$25.00Low
12/20/2018MacquarieInitiated CoverageOutperform ➝ OutperformHigh
12/20/2018KeyCorpInitiated CoverageSector Weight ➝ Sector WeightHigh
12/14/2018Tudor PickeringDowngradeBuy ➝ HoldHigh
12/10/2018Wolfe ResearchDowngradeOutperform ➝ Market PerformLow
12/7/2018JPMorgan Chase & Co.Set Price TargetBuy$17.00High
12/6/2018StephensInitiated CoverageEqual ➝ Equal Weight$23.00High
11/29/2018CowenInitiated CoverageOutperform ➝ OutperformHigh
11/16/2018BarclaysLower Price TargetOverweight ➝ Overweight$24.00 ➝ $22.00Low
11/12/2018Credit Suisse GroupDowngradeOutperform ➝ Neutral$22.00High
10/1/2018Royal Bank of CanadaSet Price TargetBuy$30.00Low
9/7/2018SunTrust BanksUpgradeHold ➝ Buy$25.00High
8/29/2018BarclaysInitiated CoverageOverweight ➝ Overweight$24.00Medium
8/23/2018Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$23.00Medium
8/20/2018KLR GroupReiterated RatingBuy$29.00Low
7/13/2018Royal Bank of CanadaReiterated RatingBuy$28.00Low
7/11/2018Susquehanna BancsharesInitiated CoverageNeutral$21.00Medium
7/5/2018TD SecuritiesInitiated CoverageBuy$23.00Medium
6/15/2018SunTrust BanksInitiated CoverageHold$20.00High
6/2/2018National Alliance SecuritiesReiterated RatingHoldHigh
5/25/2018National Alliance SecuritiesDowngradeBuy ➝ HoldHigh
3/28/2018Stifel NicolausSet Price TargetBuy$28.00High
3/21/2018Johnson RiceInitiated CoverageBuy ➝ Buy$25.00Medium
3/13/2018BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$22.00Low
3/7/2018UBS GroupInitiated CoverageBuy$24.00High
2/28/2018Imperial CapitalReiterated RatingOutperform ➝ Outperform$26.00 ➝ $31.00Medium
2/16/2018Royal Bank of CanadaInitiated CoverageOutperform ➝ Outperform$26.00Low
2/13/2018CitigroupLower Price TargetBuy ➝ Buy$25.00 ➝ $23.00Low
2/1/2018Deutsche Bank AktiengesellschaftInitiated CoverageBuy ➝ Buy$26.00High
1/30/2018Stifel NicolausSet Price TargetBuy$25.00Low
1/29/2018GuggenheimInitiated CoverageBuy ➝ Buy$29.00High
12/19/2017Seaport Global SecuritiesUpgradeNeutral ➝ Buy$19.00Low
12/11/2017Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$22.00Low
11/14/2017Wolfe ResearchInitiated CoverageOutperformN/A
11/7/2017ScotiabankReiterated RatingBuy$22.00N/A
10/16/2017Bank of AmericaInitiated CoverageBuyN/A
10/13/2017CitigroupSet Price TargetBuy$20.00 ➝ $22.00N/A
10/10/2017BMO Capital MarketsSet Price TargetHold$18.00N/A
10/5/2017Stifel NicolausSet Price TargetBuy$21.00N/A
9/28/2017Seaport Global SecuritiesInitiated CoverageNeutral ➝ Neutral$19.00High
9/25/2017KLR GroupInitiated CoverageBuy ➝ Buy$30.00High
8/18/2017Imperial CapitalInitiated CoverageOutperform$22.00Medium
8/12/2017BMO Capital MarketsSet Price TargetHold$18.00Low
8/1/2017JPMorgan Chase & Co.Initiated CoverageOverweight ➝ Overweight$19.00Low
7/22/2017ScotiabankReiterated RatingOutperform$21.00Low
7/21/2017Scotia Howard WeillInitiated CoverageSector Outperform ➝ Sector Outperform$21.00Medium
7/21/2017Howard WeilInitiated CoverageSector Outperform$21.00Medium
6/26/2017BMO Capital MarketsSet Price TargetHold$17.00N/A
5/1/2017CitigroupInitiated CoverageBuy$21.00High
4/12/2017Stifel NicolausInitiated CoverageBuy ➝ Buy$24.00Medium
4/3/2017BMO Capital MarketsReiterated RatingMarket Perform$21.00Low
3/30/2017Tudor PickeringReiterated RatingBuy$29.00Low
3/27/2017Canaccord GenuityLower Price TargetBuy$25.00 ➝ $24.00Low
3/23/2017WunderlichBoost Price TargetBuy$24.00 ➝ $28.00High
2/2/2017Canaccord GenuityReiterated RatingBuy$25.00N/A
1/12/2017Canaccord GenuityReiterated RatingBuy$25.00N/A
12/19/2016Canaccord GenuityInitiated CoverageBuy$25.00N/A
12/9/2016WunderlichInitiated CoverageBuy$24.00N/A
10/26/2016US Capital AdvisorsReiterated RatingBuyN/A
(Data available from 6/20/2016 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, 2020, it leased or acquired approximately 81,657 net acres; and owned 1,472 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: $6.57
Low: $6.04
High: $6.60

50 Day Range

MA: $4.99
Low: $3.81
High: $6.87

52 Week Range

Now: $6.57
Low: $0.51
High: $6.92

Volume

14,253,523 shs

Average Volume

9,182,751 shs

Market Capitalization

$1.83 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

6.56

Frequently Asked Questions

What sell-side analysts currently cover shares of Centennial Resource Development?

The following Wall Street research analysts have issued reports on Centennial Resource Development in the last year: Johnson Rice, JPMorgan Chase & Co., KeyCorp, MKM Partners, Piper Sandler, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, TD Securities, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for CDEV.

What is the current price target for Centennial Resource Development?

7 Wall Street analysts have set twelve-month price targets for Centennial Resource Development in the last year. Their average twelve-month price target is $2.54, suggesting a possible downside of 61.3%. KeyCorp has the highest price target set, predicting CDEV will reach $7.00 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of $0.70 for Centennial Resource Development in the next year.
View the latest price targets for CDEV.

What is the current consensus analyst rating for Centennial Resource Development?

Centennial Resource Development currently has 4 sell ratings, 4 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CDEV, but not buy more shares or sell existing shares.
View the latest ratings for CDEV.

What other companies compete with Centennial Resource Development?

How do I contact Centennial Resource Development's investor relations team?

Centennial Resource Development's physical mailing address is 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202. The oil and natural gas company's listed phone number is 720-499-1400 and its investor relations email address is [email protected] The official website for Centennial Resource Development is www.cdevinc.com.