Permian Resources Analyst Ratings

Strength in energy stocks in pre-market trading is giving the overall market a boost, with WTI crude prices climbing to a… Cohen Development Gas & Oil Ltd. engages in oil and gas exploration and in real estate activities. The company was founded by Chaim Cohen on January 10, 1958 and is headquartered in Bnei Braq, Israel. The stock has a consensus analyst rating of “N/A.” View the latest ratings for CDEV. Although oil and gas prices are nowhere close to last year’s highs, they have been moving up lately. Due to the reopening of the Chinese economy, global oil demand is expected to increase.

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Analyst Price Target for CDEV

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. To see all exchange delays and terms of use, please see disclaimer. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Centennial Resource Development (CDEV – Research Report) today and set a price target of $12.00. The company’s shares opened today at $8.08.According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.6% and a 51.16% success rate. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

CDEV Related stocks

Coupled with the soaring demand for oil and gas, Weatherford International’s (WFRD) strong fundamentals keep the stock well-positioned for solid growth in the upcoming months. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 transaction multiples through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

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Key Data

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There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Barchart Technical Opinion rating is a 24% Buy with a Weakest short term outlook on maintaining the current direction. Higher oil equivalent production and increased commodity prices aid Centennial’s (CDEV) Q2 earnings. The oil and gas sector surged following comments by Saudi Arabia, Russia limiting gas supplies to Europe, and China’s stimulus measures. Sign-up to receive the latest news and ratings for Permian Resources and its competitors with MarketBeat’s FREE daily newsletter.

Avant Brands Stock Forecast, “AVTBF” Share Price Prediction Charts

Has the lowest price target set, forecasting a price of $10,000,000.00 for Permian Resources in the next year. This chart shows the closing price for CDEV for the last year in relation to the current analyst high, average, and low pricetarget. Morning Markets September S&P 500 futures (ESU22 ) this morning are up +0.12%.

• The monthly returns are then compounded to arrive at the annual return.
• That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
• Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
• The company was incorporated in 2015 and is headquartered in Denver, Colorado.
• This chart shows the closing price for CDEV for the last year in relation to the current analyst high, average, and low pricetarget.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, CDEV info will be updated daily in your Zacks.com Portfolio Tracker – also free. Provides a general description of the business conducted by this company. A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.

Amidst the uncertainty in the oil industry, prominent oil company Marathon Oil (MRO) has experienced a decline in momentum over the past months. Below are the latest news stories about CENTENNIAL RESOURCE DEVELOPMENT INC that investors may wish to consider to help them evaluate CDEV as an investment opportunity. The scores are based on the trading styles of Value, Growth, and Momentum.

Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company’s properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Silver Run Acquisition Corporation and changed its name to Centennial Resource Development, Inc. in October 2016. The company was incorporated in 2015 and is headquartered in Denver, Colorado. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. The energy industry’s enduring tailwinds are driven by the soaring demand for oil and gas. Amid this, the energy stock Energy Transfer LP (ET) delivered a solid first-quarter result. 0 Wall Street analysts have set twelve-month price targets for Permian Resources in the last year.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.