Why Centennial Resource Development Stock Fell as Much as 6% Today
Shares of U.S. exploration and production company Centennial Resource Development (NASDAQ: CDEV) fell just over 6% at its worst on Jan. 25. But at around 1 p.m. EST the stock started to claw back some of those losses and ended the day with a roughly 3% decline.
Interestingly, the big story in the energy patch today was both oil and natural gas prices were on the rise. Normally on a day like this, Centennial Resource Development's stock price would be on the rise as well. But that obviously didn't happen, and investors can thank a Wall Street analyst call for that.
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Source Fool.com
