Permian Resources - CDEV Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $10.57
  • Forecasted Upside:
  • Number of Analysts: 8
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$0.00
+0 (0.00%)
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Analyst Price Target for CDEV

Analyst Price Target is $10.57
▲ +∞ Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Permian Resources in the last 3 months. The average price target is $10.57, with a high forecast of $12.00 and a low forecast of $8.00. The average price target represents a ∞ upside from the last price of $0.00.

This chart shows the closing price for CDEV for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Buy

The current consensus among 8 investment analysts is to buy stock in Permian Resources. This rating has held steady since July 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 2 sell ratings
8/7/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
11/5/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 1 sell ratings
2/3/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 1 sell ratings
5/4/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
8/2/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/31/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/30/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
1/29/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/24/2022Truist FinancialUpgradeHold ➝ BuyLow
7/22/2022Siebert Williams ShankInitiated CoverageBuy$12.00Low
7/22/2022Piper SandlerLower Target$12.00 ➝ $11.00Low
7/20/2022MKM PartnersReiterated RatingBuy$10.00Low
7/19/2022CowenSet Target$10.50Low
7/11/2022Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$12.00 ➝ $11.00N/A
7/6/2022Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$11.00N/A
5/20/2022Truist FinancialLower Target$8.00High
5/18/2022Piper SandlerLower TargetNA$13.00Medium
4/8/2022KeyCorpBoost TargetOverweight$9.00 ➝ $11.00High
4/7/2022Piper SandlerUpgradeNeutral ➝ Overweight$10.00 ➝ $13.00High
4/1/2022Stifel NicolausUpgradeHold ➝ Buy$8.40 ➝ $11.20High
3/14/2022Wells Fargo & CompanyUpgradeUnderweight ➝ Equal Weight$12.00Medium
3/10/2022Piper SandlerBoost TargetNeutral$9.00 ➝ $10.00Medium
3/2/2022JPMorgan Chase & Co.Boost TargetNeutral$9.00 ➝ $10.00Medium
1/27/2022KeyCorpBoost TargetOverweight$8.00 ➝ $9.00High
1/21/2022JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$8.00Medium
10/21/2021Piper SandlerBoost TargetReduce ➝ Neutral$5.80 ➝ $7.00High
10/7/2021Truist FinancialBoost TargetHold$6.00 ➝ $7.00Medium
8/18/2021CowenUpgradeUnderperform ➝ Market Perform$4.00 ➝ $5.75High
8/10/2021MKM PartnersUpgradeNeutral ➝ Buy$6.00 ➝ $7.00High
7/16/2021CitigroupInitiated CoverageNeutral$7.50High
6/30/2021UBS GroupDowngradeBuy ➝ Neutral$7.50 ➝ $8.50High
6/24/2021KeyCorpBoost TargetOverweight$7.00 ➝ $8.00Low
6/10/2021KeyCorpBoost TargetOverweight$6.00 ➝ $7.00Medium
6/3/2021KeyCorpBoost TargetOverweight$5.00 ➝ $6.00High
5/19/2021Wells Fargo & CompanyBoost 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 TargetOverweight$2.00 ➝ $3.00Medium
12/10/2020KeyCorpBoost TargetOverweight$1.00 ➝ $2.00Low
11/30/2020MKM PartnersDowngradeBuy ➝ Neutral$1.00Low
11/13/2020Wells Fargo & CompanyDowngradeSellMedium
11/3/2020TD SecuritiesBoost TargetReduce$0.60 ➝ $0.70Low
10/22/2020Piper SandlerUpgradeUnderweight ➝ NeutralMedium
10/20/2020KeyCorpLower 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 TargetReduce$0.95 ➝ $0.80Low
7/13/2020Royal Bank of CanadaReiterated RatingHold$1.50High
7/13/2020ScotiabankBoost 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 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 TargetBuy$5.00 ➝ $4.00Low
2/25/2020TD SecuritiesLower TargetHold$5.50 ➝ $3.50Medium
2/25/2020Royal Bank of CanadaLower TargetOutperform$6.00 ➝ $5.00High
1/23/2020KeyCorpBoost 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 TargetBuy$8.00 ➝ $6.00Medium
9/16/2019SunTrust BanksUpgradeHold ➝ Buy$5.00 ➝ $8.00High
9/10/2019Bank of AmericaSet 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 TargetBuy$7.00N/A
8/16/2019Piper Jaffray CompaniesSet TargetHold$6.00High
8/7/2019SunTrust BanksSet TargetHold$5.00Medium
8/7/2019Royal Bank of CanadaSet TargetBuy$10.00Medium
8/6/2019TD SecuritiesLower 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 TargetBuy$16.00 ➝ $15.00Medium
4/30/2019BarclaysUpgradeUnderweight ➝ Equal Weight$10.00 ➝ $13.00Low
3/22/2019Johnson RiceDowngradeBuy ➝ AccumulateHigh
2/27/2019TD SecuritiesLower TargetBuy$19.00 ➝ $16.00Low
2/27/2019CowenDowngradeOutperform ➝ Market Perform$15.00 ➝ $11.00High
2/26/2019Credit Suisse GroupSet TargetHold$12.00High
2/26/2019GuggenheimSet TargetBuy$20.00High
2/26/2019Bank of AmericaSet 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 TargetBuy$18.00High
12/30/2018GuggenheimSet TargetBuy$25.00Low
12/23/2018GuggenheimSet 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 TargetBuy$17.00High
12/6/2018StephensInitiated CoverageEqual ➝ Equal Weight$23.00High
11/29/2018CowenInitiated CoverageOutperform ➝ OutperformHigh
11/16/2018BarclaysLower TargetOverweight ➝ Overweight$24.00 ➝ $22.00Low
11/12/2018Credit Suisse GroupDowngradeOutperform ➝ Neutral$22.00High
10/1/2018Royal Bank of CanadaSet 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 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 TargetBuy ➝ Buy$25.00 ➝ $23.00Low
2/1/2018Deutsche Bank AktiengesellschaftInitiated CoverageBuy ➝ Buy$26.00High
1/30/2018Stifel NicolausSet TargetBuy$25.00Low
1/29/2018GuggenheimInitiated CoverageBuy ➝ Buy$29.00High
(Data available from 1/29/2018 forward)

News Sentiment Rating

0.49 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/3/2022
  • 3 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
8/2/2022
  • 1 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/1/2022
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/1/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/31/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/30/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/30/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/29/2023

Current Sentiment

  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
Permian Resources logo
Centennial Resource Development, Inc., an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 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. The company was incorporated in 2015 and is headquartered in Denver, Colorado.
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Today's Range

Now: N/A

50 Day Range

MA: $6.75
Low: $5.33
High: $8.67

52 Week Range

Now: N/A

Volume

976,167 shs

Average Volume

9,774,928 shs

Market Capitalization

$2.17 billion

P/E Ratio

5.95

Dividend Yield

N/A

Beta

4.9

Frequently Asked Questions

What sell-side analysts currently cover shares of Permian Resources?

The following Wall Street research analysts have issued reports on Permian Resources in the last year: Cowen Inc., JPMorgan Chase & Co., KeyCorp, MKM Partners, Piper Sandler, Royal Bank of Canada, Siebert Williams Shank, Stifel Nicolaus, Truist Financial Co., and Wells Fargo & Company.
View the latest analyst ratings for CDEV.

What is the current price target for Permian Resources?

10 Wall Street analysts have set twelve-month price targets for Permian Resources in the last year. Their average twelve-month price target is $10.57. Siebert Williams Shank has the highest price target set, predicting CDEV will reach $12.00 in the next twelve months. Truist Financial Co. has the lowest price target set, forecasting a price of $8.00 for Permian Resources in the next year.
View the latest price targets for CDEV.

What is the current consensus analyst rating for Permian Resources?

Permian Resources currently has 1 sell rating, 1 hold rating and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CDEV will outperform the market and that investors should add to their positions of Permian Resources.
View the latest ratings for CDEV.

What other companies compete with Permian Resources?

How do I contact Permian Resources' investor relations team?

Permian Resources' 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 Permian Resources is www.cdevinc.com. Learn More about contacing Permian Resources investor relations.