In a report issued on May 30, Scott Hanold from RBC Capital maintained a Hold rating on Centennial Resource Development (CDEV – Research Report), with a price target of $11.00. The company's shares closed last Wednesday at $8.52. According to TipRanks.com, Hanold is a top 25 analyst with an average return of 33.9% and a 69.5% success rate. Hanold covers the Utilities sector, focusing on stocks such as California Resources Corp, Continental Resources, and Northern Oil And Gas. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centennial Resource Development with a $10.85 average price target, representing a 32.8% upside.
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