Centennial Resource Development (CDEV) Receives a Buy from KeyBanc


KeyBanc analyst Leo Mariani maintained a Buy rating on Centennial Resource Development (CDEV) today and set a price target of $2.00. The company’s shares closed last Wednesday at $1.69.

According to TipRanks.com, Mariani is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.0% and a 42.0% success rate. Mariani covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Magnolia Oil & Gas, and Concho Resources.

Centennial Resource Development has an analyst consensus of Hold, with a price target consensus of $1.05.

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Centennial Resource Development’s market cap is currently $470.4M and has a P/E ratio of -0.70. The company has a Price to Book ratio of 0.15.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDEV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Silver Run Acquisition Corporation operates as a special purpose acquisition company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Silver Run Acquisition focuses on acquiring a target business in the energy industry.

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