Missedย NVDA?
Donโt Miss the Next One.
Join 5,000+ investors using Ticker Nerd’s Market Radar to stay ahead of major market moves, analyst upgrades, and trending opportunities โ for free.
Home โบ Stocks โบ Centennial Resource Development Inc-DE (CDEV) Stock Forecast & Price Prediction United States | NASDAQ | |
$19.17
-0.99 (-4.91%)Did CDEV Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Centennial is one of their latest high-conviction picks.
CDEV has shown a year-to-date change of 36.6% and a 1-year change of 30.8%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for CDEV. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for CDEV.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Aug 24, 2022 | Truist Securities | Neal Dingmann | Buy | Upgrade | $N/A |
| Jul 11, 2022 | Wells Fargo | Joseph McKay | Underweight | Downgrade | $11.00 |
| Jul 6, 2022 | RBC Capital | Outperform | Upgrade | $N/A | |
| May 20, 2022 | BMO Capital | Phillip Jungwirth | Market Perform | Maintains | $8.00 |
| Apr 8, 2022 | Keybanc | Overweight | Maintains | $11.00 | |
| Apr 7, 2022 | Piper Sandler | Mark Lear | Overweight | Upgrade | $13.00 |
| Apr 1, 2022 | Stifel | Derrick Whitfield | Buy | Upgrade | $11.20 |
| Mar 14, 2022 | Wells Fargo | Equal-Weight | Upgrade | $N/A | |
| Mar 10, 2022 | Piper Sandler | Mark Lear | Neutral | Maintains | $10.00 |
| Mar 2, 2022 | JP Morgan | Zach Parham | Neutral | Maintains | $10.00 |
| Jan 27, 2022 | Keybanc | Overweight | Maintains | $9.00 | |
| Jan 21, 2022 | JP Morgan | Zach Parham | Neutral | Upgrade | $9.00 |
| Aug 18, 2021 | Cowen & Co. | Gabe Daoud | Market Perform | Upgrade | $5.75 |
| Aug 10, 2021 | MKM Partners | Buy | Upgrade | $N/A | |
| Jul 16, 2021 | Citigroup | Neutral | Initiates | $N/A | |
| Jun 30, 2021 | UBS | Lloyd Byrne | Neutral | Downgrade | $8.50 |
| Jun 24, 2021 | Keybanc | Leo Mariani | Overweight | Maintains | $8.00 |
| Jun 10, 2021 | Keybanc | Overweight | Maintains | $7.00 | |
| Jun 3, 2021 | Keybanc | Leo Mariani | Overweight | Maintains | $6.00 |
| May 19, 2021 | Wells Fargo | Underweight | Maintains | $5.00 |
The following stocks are similar to Centennial based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Centennial Resource Development Inc-DE has a market capitalization of $0 with a P/E ratio of 5.5x. The company generates $1.03B in trailing twelve-month revenue with a 53.3% profit margin.
Revenue growth is +36.1% quarter-over-quarter, while maintaining an operating margin of N/A and return on equity of -54.6%.
97% of Analyst Ratings Go Nowhere
We filter thousands of calls to find the few that actually matter. Get the top analyst buy ratings โ tracked and updated every Monday and Thursday.
N/A
N/A
N/A
Permian Resources Corporation (NYSE: PR) will announce Q3 2022 financial results on November 8, 2022, and host a conference call on November 9, 2022, at 9:00 a.m. Central.
Permian Resources' upcoming earnings report could impact stock performance, influencing investor sentiment and market expectations based on financial health and operational results.
Centennial Resource (CDEV) reported earnings 30 days ago; investors should monitor upcoming developments and market reactions for potential stock performance insights.
Earnings reports influence stock performance; upcoming guidance or analyst reactions can impact investor sentiment and stock price movements. Monitor for trends or forecasts.
In August, the iShares U.S. Oil & Gas Exploration & Production ETF (IEO) gained approximately 15%, making it the top-performing U.S. equity ETF, fueled by rising oil prices.
The strong performance of IEO indicates favorable market conditions for oil and gas sectors, suggesting potential investment opportunities in energy stocks as oil prices rise.
The oil and gas sector rose due to Saudi Arabia and Russia's supply restrictions to Europe, along with China's stimulus measures.
The surge in the oil and gas sector indicates potential price increases and heightened demand, impacting energy stocks and broader market sentiment.
Natural gas is becoming scarcer, even as oil prices rise.
Rising oil prices may signal increased energy costs, but scarcity in natural gas could impact supply chains and energy markets, influencing investments in energy sector stocks and commodities.
Centennial (CDEV) reported higher Q2 earnings due to increased oil equivalent production and rising commodity prices.
Centennial's higher oil production and rising commodity prices indicate strong profitability, potentially boosting stock performance and attracting investor interest.
Analyst forecasts for Centennial Resource Development Inc-DE (CDEV) are not currently available. The stock is trading at $19.17.
According to current analyst ratings, CDEV has 10 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $19.17. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for CDEV are not currently available. The stock is trading at $19.17.
N/A
Price targets from Wall Street analysts for CDEV are not currently available. The stock is trading at $19.17.
Price targets from Wall Street analysts for CDEV are not currently available. The stock is trading at $19.17.
The overall analyst consensus for CDEV is bullish. Out of 17 Wall Street analysts, 10 rate it as Buy, 2 as Hold, and 0 as Sell.
Stock price projections, including those for Centennial Resource Development Inc-DE, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.