Wildhorse Resource Development (NYSE:WRD) had its price objective hoisted by Barclays from $19.00 to $21.00 in a report published on Monday, November 20th. They currently have an overweight rating on the oil and natural gas company’s stock.
Other research analysts have also issued research reports about the stock. BMO Capital Markets set a $17.00 price target on shares of Wildhorse Resource Development and gave the company a buy rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Wildhorse Resource Development from a hold rating to a buy rating and set a $14.00 price target on the stock in a report on Tuesday, October 24th. Piper Jaffray Companies reissued a buy rating and set a $18.00 price target on shares of Wildhorse Resource Development in a report on Sunday, October 22nd. Finally, Scotiabank set a $19.00 price objective on shares of Wildhorse Resource Development and gave the company a buy rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $20.42.
Wildhorse Resource Development (NYSE:WRD) traded up $0.38 during trading hours on Monday, hitting $16.94. 517,553 shares of the stock traded hands, compared to its average volume of 538,630. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $1,694.62 and a price-to-earnings ratio of 119.64. Wildhorse Resource Development has a twelve month low of $10.36 and a twelve month high of $17.76.
Wildhorse Resource Development (NYSE:WRD) last posted its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $117.89 million. The business’s revenue for the quarter was up 269.0% on a year-over-year basis. sell-side analysts expect that Wildhorse Resource Development will post 0.34 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new stake in Wildhorse Resource Development during the second quarter worth about $124,000. Dynamic Technology Lab Private Ltd acquired a new stake in Wildhorse Resource Development during the third quarter worth about $186,000. The Manufacturers Life Insurance Company acquired a new stake in Wildhorse Resource Development during the second quarter worth about $197,000. New York State Common Retirement Fund acquired a new stake in Wildhorse Resource Development during the second quarter worth about $212,000. Finally, Wells Fargo & Company MN increased its position in Wildhorse Resource Development by 559.2% during the second quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after purchasing an additional 14,835 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.
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About Wildhorse Resource Development
WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return.
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