Piper Jaffray Companies reiterated their buy rating on shares of Wildhorse Resource Development (NYSE:WRD) in a research note published on Tuesday morning. Piper Jaffray Companies currently has a $29.00 price objective on the oil and natural gas company’s stock.
Several other brokerages have also recently issued reports on WRD. Iberia Capital started coverage on Wildhorse Resource Development in a research note on Wednesday, September 27th. They issued an outperform rating and a $18.00 price objective on the stock. BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the company a buy rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Wildhorse Resource Development from a buy rating to a hold rating in a report on Saturday, November 4th. ValuEngine raised Wildhorse Resource Development from a sell rating to a hold rating in a report on Wednesday, January 3rd. Finally, Barclays increased their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the company an overweight rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $20.30.
Shares of Wildhorse Resource Development (NYSE WRD) traded up $0.10 during midday trading on Tuesday, hitting $20.04. The stock had a trading volume of 1,367,376 shares, compared to its average volume of 697,092. The firm has a market capitalization of $2,017.35 and a PE ratio of 91.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. Wildhorse Resource Development has a twelve month low of $10.36 and a twelve month high of $21.43.
Wildhorse Resource Development (NYSE:WRD) last announced its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. Wildhorse Resource Development’s revenue was up 269.0% on a year-over-year basis. sell-side analysts expect that Wildhorse Resource Development will post 0.34 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Rhumbline Advisers purchased a new position in Wildhorse Resource Development in the second quarter valued at $317,000. B. Riley Financial Inc. purchased a new position in Wildhorse Resource Development in the second quarter valued at $622,000. Vanguard Group Inc. increased its holdings in Wildhorse Resource Development by 13.9% in the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock valued at $20,665,000 after buying an additional 203,933 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Wildhorse Resource Development by 62.2% in the second quarter. TIAA CREF Investment Management LLC now owns 53,375 shares of the oil and natural gas company’s stock valued at $660,000 after buying an additional 20,471 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Wildhorse Resource Development in the third quarter valued at $5,801,000. 95.73% of the stock is currently owned by hedge funds and other institutional investors.
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Wildhorse Resource Development Company Profile
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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