Benzinga | Aug 31, 2021 12:38PM EDT

Analyst Ratings For Centennial Resource Dev

Within the last quarter, Centennial Resource Dev (NASDAQ:CDEV) has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 0 3 3 0 0Last 30 Days 0 0 0 0 01 Month Ago 0 0 1 0 02 Months Ago 0 0 1 0 03 Months Ago 0 3 1 0 0

In the last 3 months, 6 analysts have offered 12-month price targets for Centennial Resource Dev. The company has an average price target of $7.12 with a high of $8.50 and a low of $5.75.

Below is a summary of how these 6 analysts rated Centennial Resource Dev over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This average price target has increased by 20.68% over the past month.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.