Wildhorse Resource Development (NYSE:WRD) had its target price decreased by Citigroup from $23.00 to $19.00 in a research note issued on Tuesday. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. Citigroup’s target price points to a potential upside of 16.35% from the company’s current price.
WRD has been the subject of a number of other reports. Piper Jaffray Companies restated a “buy” rating and issued a $18.00 target price on shares of Wildhorse Resource Development in a research report on Sunday, October 22nd. Zacks Investment Research downgraded Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Imperial Capital restated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Barclays upped their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Finally, ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $22.56.
Wildhorse Resource Development (NYSE WRD) traded down $0.22 on Tuesday, reaching $16.33. The company’s stock had a trading volume of 72,302 shares, compared to its average volume of 603,993. The firm has a market capitalization of $1,586.36, a P/E ratio of 74.23, a price-to-earnings-growth ratio of 0.30 and a beta of -0.48. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42. Wildhorse Resource Development has a 12-month low of $10.36 and a 12-month high of $21.43.
About Wildhorse Resource Development
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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