Wildhorse Resource Development Corp (WRD) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Wildhorse Resource Development Corp (NYSE:WRD) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.13.

Several research firms have weighed in on WRD. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $18.00 price target on shares of Wildhorse Resource Development in a research note on Sunday, October 22nd. BMO Capital Markets set a $21.00 target price on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Imperial Capital reissued an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, Barclays boosted their target price on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th.

Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of Wildhorse Resource Development by 115.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 148,151 shares of the oil and natural gas company’s stock worth $2,728,000 after acquiring an additional 79,285 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Wildhorse Resource Development during the third quarter worth about $454,000. Janus Henderson Group PLC purchased a new position in Wildhorse Resource Development during the third quarter worth about $5,801,000. Castleton Investment Management LLC purchased a new position in Wildhorse Resource Development during the third quarter worth about $799,000. Finally, Wells Fargo & Company MN boosted its holdings in Wildhorse Resource Development by 40.7% during 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 last quarter. 95.78% of the stock is owned by institutional investors.

Shares of Wildhorse Resource Development (NYSE:WRD) opened at $18.10 on Friday. Wildhorse Resource Development has a 52 week low of $10.36 and a 52 week high of $21.43. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1,830.00 and a price-to-earnings ratio of 40.22.

Wildhorse Resource Development (NYSE:WRD) last posted its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. The firm’s revenue for the quarter was up 269.0% on a year-over-year basis. equities research analysts predict that Wildhorse Resource Development will post 0.37 EPS for the current year.

WARNING: “Wildhorse Resource Development Corp (WRD) Given Consensus Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/02/wildhorse-resource-development-corp-wrd-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

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

Leave a Reply