Wildhorse Resource Development Corporation (WRD) Given a $17.00 Price Target at BMO Capital Markets

Wildhorse Resource Development Corporation (NYSE:WRD) has been assigned a $17.00 target price by equities researchers at BMO Capital Markets in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 33.33% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Bank of America Corporation started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, July 19th. They issued a “buy” rating and a $16.00 price objective on the stock. Scotiabank set a $19.00 price objective on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Citigroup Inc. dropped their price objective on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Finally, Iberia Capital started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.00.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.75 on Tuesday. Wildhorse Resource Development Corporation has a 52 week low of $11.03 and a 52 week high of $16.48. The stock’s 50 day moving average price is $12.34 and its 200-day moving average price is $12.34. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 35.42.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its quarterly earnings data on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $70.20 million during the quarter, compared to analyst estimates of $68.03 million. The company’s quarterly revenue was up 136.4% on a year-over-year basis. Equities analysts anticipate that Wildhorse Resource Development Corporation will post $0.30 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in Wildhorse Resource Development Corporation by 11.2% during the 1st quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock worth $291,000 after buying an additional 2,358 shares during the last quarter. Nationwide Fund Advisors grew its stake in Wildhorse Resource Development Corporation by 17.5% during the 1st quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock worth $377,000 after buying an additional 4,511 shares during the last quarter. Voya Investment Management LLC purchased a new position in Wildhorse Resource Development Corporation during the 2nd quarter worth approximately $124,000. FIL Ltd grew its stake in Wildhorse Resource Development Corporation by 8.2% during the 2nd quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock worth $1,811,000 after buying

Other research analysts also recently issued research reports about the company. Bank of America Corporation started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, July 19th. They issued a “buy” rating and a $16.00 price objective on the stock. Scotiabank set a $19.00 price objective on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Citigroup Inc. dropped their price objective on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Finally, Iberia Capital started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.00.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.75 on Tuesday. Wildhorse Resource Development Corporation has a 52 week low of $11.03 and a 52 week high of $16.48. The stock’s 50 day moving average price is $12.34 and its 200-day moving average price is $12.34. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 35.42.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its quarterly earnings data on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $70.20 million during the quarter, compared to analyst estimates of $68.03 million. The company’s quarterly revenue was up 136.4% on a year-over-year basis. Equities analysts anticipate that Wildhorse Resource Development Corporation will post $0.30 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Wildhorse Resource Development Corporation (WRD) Given a $17.00 Price Target at BMO Capital Markets” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/wildhorse-resource-development-corporation-wrd-given-a-17-00-price-target-at-bmo-capital-markets.html.

A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in Wildhorse Resource Development Corporation by 11.2% during the 1st quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock worth $291,000 after buying an additional 2,358 shares during the last quarter. Nationwide Fund Advisors grew its stake in Wildhorse Resource Development Corporation by 17.5% during the 1st quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock worth $377,000 after buying an additional 4,511 shares during the last quarter. Voya Investment Management LLC purchased a new position in Wildhorse Resource Development Corporation during the 2nd quarter worth approximately $124,000. FIL Ltd grew its stake in Wildhorse Resource Development Corporation by 8.2% during the 2nd quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock worth $1,811,000 after buying an additional 11,053 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Wildhorse Resource Development Corporation during the 1st quarter worth approximately $156,000. Hedge funds and other institutional investors own 93.95% 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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