Centennial Resource Development (CDEV) has a great price prediction
Centennial Resource Development (CDEV) opened at $1.18, which means the stock is up 10.68% from yesterday’s closing price of 1.03. Today, the company has a high of $1.25 and a low of $1.03. The company has a market cap of $315.84 million with a 52-week high of $10.68 and a 52-week low of $0.24.
What about the future forCentennial Resource Development
The high forecast for Centennial Resource Development is 5.00 while the low is 0.25. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Centennial Resource Development has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information CDEV seems to be a safe buy.
About Centennial Resource Development
Centennial Resource Development, Inc. operates as oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded in October 2014 and is headquartered in Denver, CO.