Wildhorse Resource Development Corp (NYSE:WRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “WildHorse Resource Development Corporation is an oil and natural gas company. It focused on the acquisition, exploration, development and production of oil, natural gas and NGL. The company properties primarily consist of Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. WildHorse Resource Development Corporation is based in Houston, Texas. “

Several other research firms have also weighed in on WRD. Imperial Capital initiated coverage on Wildhorse Resource Development Corp in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $22.00 target price on the stock. BMO Capital Markets set a $17.00 target price on Wildhorse Resource Development Corp and gave the company a “buy” rating in a research note on Saturday, August 12th. Iberia Capital initiated coverage on Wildhorse Resource Development Corp in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 target price on the stock. Barclays PLC reissued an “overweight” rating and issued a $19.00 target price on shares of Wildhorse Resource Development Corp in a research note on Monday, July 24th. Finally, ValuEngine lowered Wildhorse Resource Development Corp from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Wildhorse Resource Development Corp presently has a consensus rating of “Buy” and an average target price of $19.33.

Wildhorse Resource Development Corp (NYSE:WRD) opened at $13.25 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 0.58.

Wildhorse Resource Development Corp (NYSE:WRD) last released its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Wildhorse Resource Development Corp had a net margin of 37.57% and a return on equity of 9.40%. The company had revenue of $70.20 million during the quarter, compared to analyst estimates of $68.03 million. Wildhorse Resource Development Corp’s revenue for the quarter was up 136.4% compared to the same quarter last year. equities analysts forecast that Wildhorse Resource Development Corp will post 0.3 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Wildhorse Resource Development Corp (WRD) Stock Rating Lowered by Zacks Investment Research” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/04/wildhorse-resource-development-corp-wrd-stock-rating-lowered-by-zacks-investment-research.html.

Several institutional investors have recently made changes to their positions in WRD. Russell Investments Group Ltd. bought a new stake in shares of Wildhorse Resource Development Corp in the fourth quarter worth about $2,987,000. Marshall Wace LLP bought a new stake in shares of Wildhorse Resource Development Corp in the fourth quarter worth about $10,545,000. Alyeska Investment Group L.P. bought a new stake in shares of Wildhorse Resource Development Corp in the fourth quarter worth about $4,380,000. GLG Partners LP bought a new stake in shares of Wildhorse Resource Development Corp in the fourth quarter worth about $753,000. Finally, Zimmer Partners LP bought a new stake in shares of Wildhorse Resource Development Corp in the fourth quarter worth about $30,003,000. Institutional investors own 93.93% of the company’s stock.

Wildhorse Resource Development Corp 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.

Get a free copy of the Zacks research report on Wildhorse Resource Development Corp (WRD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Wildhorse Resource Development Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development Corp and related companies with MarketBeat.com's FREE daily email newsletter.