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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.

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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.

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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.

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