Wildhorse Resource Development Corp (WRD) Receives Consensus Recommendation of “Buy” from Brokerages

Wildhorse Resource Development Corp (NYSE:WRD) has earned an average rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.44.

WRD has been the topic of several research reports. Zacks Investment Research lowered Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine lowered Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Piper Jaffray Companies set a $41.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a research report on Saturday, August 11th. SunTrust Banks initiated coverage on Wildhorse Resource Development in a research report on Thursday, July 19th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Capital One Financial lowered Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research report on Tuesday.

NYSE:WRD traded up $0.47 during mid-day trading on Friday, hitting $22.17. The company had a trading volume of 2,563,793 shares, compared to its average volume of 1,242,043. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. Wildhorse Resource Development has a 1 year low of $14.38 and a 1 year high of $29.67. The firm has a market capitalization of $2.24 billion, a PE ratio of 51.56 and a beta of 0.08.

Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings data on Wednesday, November 7th. The oil and natural gas company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. The company had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. During the same period last year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 111.8% compared to the same quarter last year. Equities analysts anticipate that Wildhorse Resource Development will post 1.86 EPS for the current year.

Several institutional investors have recently made changes to their positions in WRD. Russell Investments Group Ltd. acquired a new stake in shares of Wildhorse Resource Development during the first quarter valued at about $126,000. Meeder Asset Management Inc. acquired a new stake in shares of Wildhorse Resource Development during the second quarter valued at about $186,000. Advisors Asset Management Inc. grew its stake in shares of Wildhorse Resource Development by 2,494.0% during the second quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 48,434 shares in the last quarter. Telemus Capital LLC acquired a new stake in shares of Wildhorse Resource Development during the second quarter valued at about $254,000. Finally, Penn Mutual Life Insurance Co acquired a new stake in shares of Wildhorse Resource Development during the second quarter valued at about $264,000. Institutional investors own 96.68% of the company’s stock.

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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Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

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