RBC Capital Sticks to Its Hold Rating for Centennial Resource Development (CDEV)


In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on Centennial Resource Development (CDEV), with a price target of $3.50. The company’s shares closed last Thursday at $1.74.

According to TipRanks.com, Hanold ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.5% and a 34.2% success rate. Hanold covers the Utilities sector, focusing on stocks such as Southwestern Energy, Matador Resources, and Concho Resources.

The word on The Street in general, suggests a Hold analyst consensus rating for Centennial Resource Development with a $1.56 average price target.

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The company has a one-year high of $5.35 and a one-year low of $0.24. Currently, Centennial Resource Development has an average volume of 6.57M.

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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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