Centennial Resource Development Inc. (NASDAQ:CDEV) traded at a new 52-week high today of $8.72. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 7.2 million shares.
Centennial Resource Development Inc. share prices have moved between a 52-week high of $8.72 and a 52-week low of $2.78 and are now trading 199% above that low price at $8.30 per share.
Centennial Resource Development Inc is an independent oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. Its assets are concentrated in the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of contiguous acreage blocks located in West Texas and New Mexico. The firm generates revenue from the sale of oil and natural gas. Geographically, the company operates in the United States of America.
Centennial Resource Development Inc. (NASDAQ:CDEV) has potential upside of 494.6% based on a current price of $8.30 and analysts’ consensus price target of $49.35.
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