J.P. Morgan analyst Zach Parham maintained a Sell rating on Centennial Resource Development (NASDAQ:CDEV) on Tuesday, setting a price target of $8, which is approximately 17.30% above the present share price of $6.82.
Parham expects Centennial Resource Development to post earnings per share (EPS) of $0.13 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in Centennial Resource Development, with an average price target of $8.19.
The analysts price targets range from a high of $10 to a low of $7.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $288.51 million and a net profit of $104.22 million. The company's market cap is $1.94 billion.
According to TipRanks.com, J.P. Morgan analyst Zach Parham is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 51.52% success rate.
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.