Shares of Wildhorse Resource Development Corporation (NYSE:WRD) have been given a consensus rating of “Buy” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.33.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday. Piper Jaffray Companies restated a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Sunday. BMO Capital Markets set a $17.00 target price on shares of Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research report on Tuesday, October 10th. Iberia Capital assumed coverage on shares of Wildhorse Resource Development Corporation in a research report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, ValuEngine cut shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.

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Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.29 on Wednesday. The stock’s 50 day moving average price is $12.44 and its 200-day moving average price is $12.44. Wildhorse Resource Development Corporation has a 52 week low of $10.36 and a 52 week high of $16.48. The company has a market capitalization of $1.22 billion and a PE ratio of 34.14.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $70.20 million for the quarter, compared to analysts’ expectations of $68.03 million. The business’s revenue was up 136.4% compared to the same quarter last year. On average, equities research analysts predict that Wildhorse Resource Development Corporation will post $0.32 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of WRD. Vanguard Group Inc. bought a new position in Wildhorse Resource Development Corporation during the 1st quarter valued at about $18,245,000. Caymus Capital Partners L.P. grew its holdings in Wildhorse Resource Development Corporation by 228.6% during the 2nd quarter. Caymus Capital Partners L.P. now owns 1,117,400 shares of the oil and natural gas company’s stock valued at $13,822,000 after purchasing an additional 777,400 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Wildhorse Resource Development Corporation by 503.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock valued at $5,430,000 after purchasing an additional 366,168 shares during the last quarter. American Century Companies Inc. grew its holdings in Wildhorse Resource Development Corporation by 69.7% during the 2nd quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after purchasing an additional 319,748 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in Wildhorse Resource Development Corporation during the 1st quarter valued at about $2,427,000. Institutional investors own 93.96% of the company’s stock.

Wildhorse Resource Development Corporation 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.

Analyst Recommendations for Wildhorse Resource Development Corporation (NYSE:WRD)

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