Centennial Resource Development upgraded by Stifel with a new price target
$CDEV
Oil & Gas Production
Energy
Stifel upgraded Centennial Resource Development from Hold to Buy and set a new price target of $11.20 from $8.40 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/24/2022 | Hold → Buy | Truist | |
| 7/22/2022 | $12.00 | Buy | Siebert Williams Shank |
| 7/20/2022 | $10.00 | Buy | MKM Partners |
| 7/11/2022 | $11.00 | Equal Weight → Underweight | Wells Fargo |
| 7/6/2022 | $11.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/7/2022 | $10.00 → $13.00 | Neutral → Overweight | Piper Sandler |
| 4/1/2022 | $8.40 → $11.20 | Hold → Buy | Stifel |
| 3/14/2022 | $12.00 | Underweight → Equal Weight | Wells Fargo |
SC 13D - Permian Resources Corp (0001658566) (Subject)
SC 13D - Permian Resources Corp (0001658566) (Subject)
SC 13D - Permian Resources Corp (0001658566) (Subject)
MIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Permian Resources Corporation ("Permian Resources" or the "Company") today announced the successful completion of the combination of Centennial Resource Development, Inc. ("Centennial") (NASDAQ:CDEV) and Colgate Energy Partners III, LLC ("Colgate"). Permian Resources Highlights Largest pure-play E&P company in the Delaware BasinDeep inventory of high-quality drilling locations on ~180,000 net acresUnique combination of attractive growth profile and robust shareholder returns frameworkStrong balance sheet protects the business and return of capital program across commodity price cyclesIndustry-leading shareholder alignment, with employee
DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2022 financial and operational results. Second Quarter Financial and Operational Highlights Reported strong net cash flow from operationsGenerated record free cash flow1Ended the quarter with approximately $200 million of cashIncreased daily crude oil production 12% compared to the prior quarterDelivered four out of the top ten wells in Company historyReduced LOE per unit costs by 13% compared to the prior quarterSignificantly reduced leverage1 quarter-over-quarterAnnounced transformational merger of equals with Colgate Energy Finan
DENVER, July 26, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2022 financial and operating results after the market closes for trading on August 3, 2022. Management will host an earnings conference call on August 4, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing "Centennial Resource Development, Inc." at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on C
DENVER, July 22, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee. Additionally, Karl Bandtel announced his retirement from the Board, also effective today. "We are very excited to welcome Vidisha to our Board of Directors," said Steven Shapiro, Chairman of the Board. "Vidisha's extensive oil and gas experience coupled with her strategic advisory and capital markets expertise will be a valuable asset to Cente
Truist upgraded Centennial Resource Development from Hold to Buy
Siebert Williams Shank initiated coverage of Centennial Resource Development with a rating of Buy and set a new price target of $12.00
MKM Partners resumed coverage of Centennial Resource Development with a rating of Buy and set a new price target of $10.00
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching: Holly Energy Partners (NYSE:HEP) - P/E: 9.92 Centennial Resource Dev (NASDAQ:CDEV) - P/E: 6.19 Ring Energy (AMEX:REI) - P/E: 4.21 TransGlobe Energy (NASDAQ:TGA) - P/E: 1.95 Del
Contrary to 2021, when equity markets were in a bull run, 2022 has served as a not-so-gentle reminder that the stock market does not give free gifts. The macro attitude that is pushing the markets lower has been influenced by worries about a recession, geopolitical tensions, the energy crisis, and record inflation. Still, with a strong labor market, and rising wages for workers to defend themselves against a recession; Federal Reserve chairman Jerome Powell reminded Americans at the annual Jackson Hole Symposium last week that the Fed is committed to bringing inflation down to its target 2% rate — even at the cost of causing some pain to households and businesses along the way. Powell shat
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
8-K - Permian Resources Corp (0001658566) (Filer)
10-Q - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
DENVER, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) today announced second quarter 2022 financial and operational results. Second Quarter Financial and Operational Highlights Reported strong net cash flow from operationsGenerated record free cash flow1Ended the quarter with approximately $200 million of cashIncreased daily crude oil production 12% compared to the prior quarterDelivered four out of the top ten wells in Company historyReduced LOE per unit costs by 13% compared to the prior quarterSignificantly reduced leverage1 quarter-over-quarterAnnounced transformational merger of equals with Colgate Energy Finan
DENVER, July 26, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) announced today that it will report second quarter 2022 financial and operating results after the market closes for trading on August 3, 2022. Management will host an earnings conference call on August 4, 2022 at 8:00 a.m. Mountain (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (833) 634-2524, or (412) 902-4178 for international calls, and referencing "Centennial Resource Development, Inc." at least 15 minutes prior to the start of the call or via the internet at www.cdevinc.com. A replay of the call will be available on C
DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. ("Centennial" or the "Company") (NASDAQ:CDEV) and Colgate Energy Partners III, LLC ("Colgate") today announced they have entered into an agreement to combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. The combined company plans to leverage its high-quality, scaled asset base to drive leading shareholder returns. Key Highlights High-quality, complementary asset base with differenti