Wildhorse Resource Development Corp (WRD) Receives Consensus Rating of “Buy” from Analysts

Shares of Wildhorse Resource Development Corp (NYSE:WRD) have earned an average rating of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.27.

WRD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 24th. Barclays lifted their price target on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research note on Friday, November 10th. ValuEngine lowered shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets set a $17.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, October 10th.

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Wildhorse Resource Development during the 2nd quarter worth about $317,000. B. Riley Financial Inc. acquired a new position in shares of Wildhorse Resource Development during the 2nd quarter worth about $622,000. TIAA CREF Investment Management LLC increased its stake in shares of Wildhorse Resource Development by 62.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 53,375 shares of the oil and natural gas company’s stock worth $660,000 after purchasing an additional 20,471 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Wildhorse Resource Development by 13.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock worth $20,665,000 after purchasing an additional 203,933 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Wildhorse Resource Development by 70.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock valued at $1,097,000 after buying an additional 36,489 shares during the last quarter. Institutional investors own 95.73% of the company’s stock.

Shares of Wildhorse Resource Development (NYSE WRD) opened at $17.05 on Thursday. 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 52 week low of $10.36 and a 52 week high of $17.96. The stock has a market cap of $1,808.94 and a price-to-earnings ratio of 127.71.

Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development’s revenue was up 269.0% compared to the same quarter last year. equities research analysts anticipate that Wildhorse Resource Development will post 0.34 earnings per share for the current fiscal year.

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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)

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