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.
IPO Year: 2016
Exchange: NASDAQ
Website: cdevinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/24/2022 | Hold → Buy | Truist | |
| 7/22/2022 | $12.00 | Buy | Siebert Williams Shank |
| 7/20/2022 | $10.00 | Buy | MKM Partners |
| 7/11/2022 | $11.00 | Equal Weight → Underweight | Wells Fargo |
| 7/6/2022 | $11.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/7/2022 | $10.00 → $13.00 | Neutral → Overweight | Piper Sandler |
| 4/1/2022 | $8.40 → $11.20 | Hold → Buy | Stifel |
| 3/14/2022 | $12.00 | Underweight → Equal Weight | Wells Fargo |
| 3/10/2022 | $9.00 → $10.00 | Neutral | Piper Sandler |
| 3/2/2022 | $9.00 → $10.00 | Neutral | JP Morgan |