News headlines about Centennial Resource Development (NASDAQ:CDEV) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Centennial Resource Development earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the oil and natural gas company an impact score of 46.4628891501912 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s analysis:

Several equities research analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of Centennial Resource Development in a research note on Thursday, September 28th. They set a “neutral” rating and a $19.00 target price on the stock. BidaskClub downgraded shares of Centennial Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Credit Suisse Group assumed coverage on shares of Centennial Resource Development in a research note on Monday. They set an “outperform” rating and a $22.00 target price on the stock. BMO Capital Markets set a $18.00 target price on shares of Centennial Resource Development and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Imperial Capital assumed coverage on shares of Centennial Resource Development in a research note on Friday, August 18th. They set an “outperform” rating and a $22.00 target price on the stock. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.47.

Centennial Resource Development (NASDAQ:CDEV) traded down $0.08 during midday trading on Thursday, reaching $19.27. 1,630,637 shares of the company’s stock traded hands, compared to its average volume of 1,431,097. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. Centennial Resource Development has a 12 month low of $14.10 and a 12 month high of $22.11.

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Centennial Resource Development Company Profile

Centennial Resource Development, Inc is an independent oil and natural gas company. The Company is focused on the development of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. The Company’s assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin.

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