WildHorse Resource Development Co. (NYSE:WRD)’s share price hit a new 52-week high and low during trading on Monday . The stock traded as low as $23.10 and last traded at $23.05, with a volume of 673581 shares trading hands. The stock had previously closed at $22.11.
Several brokerages have commented on WRD. Zacks Investment Research upgraded WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Sunday, January 21st. Piper Jaffray reiterated a “buy” rating and set a $29.00 price target on shares of WildHorse Resource Development in a report on Tuesday, January 9th. ValuEngine upgraded WildHorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. BMO Capital Markets downgraded WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a report on Tuesday, March 13th. Finally, Johnson Rice began coverage on WildHorse Resource Development in a report on Wednesday, March 21st. They set a “buy” rating and a $27.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.10.
The company has a market capitalization of $2,236.90, a PE ratio of 54.77, a price-to-earnings-growth ratio of 0.30 and a beta of -0.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.67.
WildHorse Resource Development (NYSE:WRD) last announced its quarterly earnings data on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $180.24 million for the quarter, compared to the consensus estimate of $166.94 million. WildHorse Resource Development had a net margin of 11.68% and a return on equity of 4.31%. WildHorse Resource Development’s quarterly revenue was up 359.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. equities research analysts forecast that WildHorse Resource Development Co. will post 1.49 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co acquired a new stake in shares of WildHorse Resource Development in the fourth quarter worth $215,000. Virtu Financial LLC acquired a new stake in shares of WildHorse Resource Development in the fourth quarter worth $220,000. Invictus RG bought a new position in WildHorse Resource Development in the fourth quarter worth $268,000. Wells Fargo & Company MN lifted its position in WildHorse Resource Development by 40.7% in the third quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock worth $328,000 after purchasing an additional 7,110 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in WildHorse Resource Development in the fourth quarter worth $438,000.
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About WildHorse Resource Development
WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.
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