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Home โบ Stocks โบ Centennial Resource Development Inc-DE (CDEV) Stock Forecast & Price Prediction United States | NASDAQ | |
$12.80
+0.67 (5.52%)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 Resources is one of their latest high-conviction picks.
CDEV has shown a year-to-date change of -11.0% and a 1-year change of -14.2%, reflecting downward 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 Resources 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%.
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Permian Resources Corporation will report Q3 2022 financial results on November 8, 2022, with a conference call on November 9 at 9:00 a.m. Central. Details available on their website.
Permian Resources' upcoming earnings report could reveal key financial performance indicators, impacting stock valuation and investor sentiment in the energy sector.
Centennial Resource (CDEV) reported earnings 30 days ago; investors should monitor upcoming developments and stock performance for potential insights.
CDEV's recent earnings report can influence stock performance, impacting investor sentiment and potential future price movements based on financial health and market conditions.
In August, the iShares U.S. Oil & Gas Exploration & Production ETF (IEO) was the top-performing U.S. equity ETF, rising approximately 15% due to increased oil prices.
The IEO ETF's strong performance indicates rising investor confidence in the oil sector, influenced by higher oil prices, suggesting potential opportunities for future gains in energy investments.
The oil and gas sector rose due to Saudi Arabia and Russia's gas supply limits to Europe and China's stimulus measures.
The surge in the oil and gas sector indicates potential price increases and profitability, driven by limited supply and boosted demand from China's stimulus, impacting investment strategies.
Natural gas is becoming scarcer, even as oil prices rise. Investors should note this shift in commodity availability.
Rising oil prices may indicate a healthier energy sector, but the scarcity of natural gas could lead to increased prices and volatility, impacting energy stocks and related investments.
Centennial's (CDEV) Q2 earnings benefited from higher oil equivalent production and increased commodity prices.
Centennial's increased oil production and rising commodity prices signal strong financial performance, potentially boosting stock value and attracting investor interest.
Analyst forecasts for Centennial Resource Development Inc-DE (CDEV) are not currently available. The stock is trading at $12.80.
According to current analyst ratings, CDEV has 10 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.80. 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 $12.80.
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Price targets from Wall Street analysts for CDEV are not currently available. The stock is trading at $12.80.
Price targets from Wall Street analysts for CDEV are not currently available. The stock is trading at $12.80.
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.