Centennial Resource Development (CDEV) Initiated with a Buy at Siebert Williams Shank & Co

Centennial Resource Development (CDEVResearch Report) received a Buy rating and a $12.00 price target from Siebert Williams Shank & Co analyst Gabriele Sorbara today. The company’s shares closed last Thursday at $6.35.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 10.9% and a 43.6% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Magnolia Oil & Gas, and Matador Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centennial Resource Development with a $10.50 average price target, which is a 65.4% upside from current levels. In a report issued on July 20, MKM Partners also initiated coverage with a Buy rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $9.70 and a one-year low of $3.90. Currently, Centennial Resource Development has an average volume of 10.58M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Silver Run Acquisition Corporation operates as a special purpose acquisition company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Silver Run Acquisition focuses on acquiring a target business in the energy industry.

Read More on CDEV:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More