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Read this if you are invested in Centennial Resource Development (CDEV)

What’s up with Centennial Resource Development?

Centennial Resource Development (CDEV) opened at $0.74, which means the stock is up 7.35% from yesterday’s closing price of 0.73. Today, the company has a high of $0.84 and a low of $0.72. The company has a market cap of $216.04 million with a 52-week high of $10.46 and a 52-week low of $0.24.

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What about the future for Centennial Resource Development?

The high forecast for Centennial Resource Development is 2.00 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.

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