Wildhorse Resource Development (NYSE:WRD) has been assigned a $31.00 price target by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the oil and natural gas company’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 83.87% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Imperial Capital upped their price target on shares of Wildhorse Resource Development from $24.00 to $31.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays upped their price target on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Bank of America increased their target price on shares of Wildhorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Citigroup reduced their target price on shares of Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.78.
Wildhorse Resource Development (WRD) traded up $0.28 during trading on Tuesday, hitting $16.86. 296,642 shares of the stock traded hands, compared to its average volume of 613,133. The firm has a market capitalization of $1,674.38, a PE ratio of 76.82, a PEG ratio of 0.32 and a beta of -0.48. Wildhorse Resource Development has a 12 month low of $10.36 and a 12 month high of $21.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42.
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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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