Is Centennial Resource Development Inc (CDEV) stock a smart Thursday investment?
Centennial Resource Development Inc (CDEV) stock is up 72.63% over the past 12 months, and the average Wall Street analyst rating is Hold. InvestorsObserver’s proprietary ranking system, gives the CDEV title a score of 67 out of a possible 100.
This ranking is primarily influenced by a short-term technical score of 97. CDEV’s ranking also includes a long-term technical score of 86. CDEV’s fundamental score is 20. In addition to the average Wall Street analyst rating , CDEV stock has an average target price of $8.94. This means analysts expect the stock to rise 11.61% over the next 12 months.
What’s happening with CDEV Stock today
Centennial Resource Development Inc (CDEV) stock rose 5.19% while the S&P 500 fell -0.23% at 11:02 a.m. Thursday, March 17. CDEV was up $0.39 from the previous closing price of $7.61 on volume of 2,723,049 shares. Over the past year, the S&P 500 has gained 9.41% while the CDEV has risen 72.63%. CDEV has earned $0.45 per share over the past 12 months, giving it a price-earnings ratio of 17.88. Click here for the full Centennial Resource Development Inc. stock report.
Stay in the know
Subscribe to our daily morning update newsletter and never miss market news, moves and more.
Comments are closed.