Wildhorse Resource Development (NYSE:WRD)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a research note issued on Tuesday. They presently have a $29.00 price objective on the oil and natural gas company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 45.44% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Barclays boosted their price objective on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BMO Capital Markets set a $17.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Imperial Capital restated an “outperform” rating on shares of Wildhorse Resource Development in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Wildhorse Resource Development has a consensus rating of “Buy” and an average target price of $20.64.
Wildhorse Resource Development (NYSE WRD) traded up $1.21 during trading on Tuesday, hitting $19.94. 696,268 shares of the stock traded hands, compared to its average volume of 662,010. The firm has a market cap of $2,020.00 and a price-to-earnings ratio of 44.31. Wildhorse Resource Development has a one year low of $10.36 and a one year high of $19.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57.
Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The firm’s quarterly revenue was up 269.0% compared to the same quarter last year. sell-side analysts anticipate that Wildhorse Resource Development will post 0.34 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Wildhorse Resource Development by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock valued at $1,586,000 after buying an additional 5,019 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Wildhorse Resource Development by 20.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,547 shares of the oil and natural gas company’s stock valued at $473,000 after buying an additional 5,950 shares during the last quarter. Wells Fargo & Company MN grew its stake in Wildhorse Resource Development by 40.7% in the 3rd quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock valued at $328,000 after buying an additional 7,110 shares during the last quarter. Voya Investment Management LLC acquired a new position in Wildhorse Resource Development in the 2nd quarter valued at about $124,000. Finally, FIL Ltd grew its stake in Wildhorse Resource Development by 8.2% in the 2nd quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock valued at $1,811,000 after buying an additional 11,053 shares during the last quarter. Institutional investors and hedge funds own 95.73% of the company’s stock.
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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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