WildHorse Resource Development Co. (NYSE:WRD) hit a new 52-week high and low on Tuesday . The stock traded as low as $23.80 and last traded at $22.97, with a volume of 972117 shares. The stock had previously closed at $23.44.
Several brokerages recently weighed in on WRD. BMO Capital Markets lowered WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a report on Tuesday, March 13th. Piper Jaffray set a $31.00 price objective on WildHorse Resource Development and gave the stock a “buy” rating in a report on Tuesday, February 13th. Johnson Rice began coverage on WildHorse Resource Development in a report on Wednesday, March 21st. They issued a “buy” rating and a $27.00 price objective for the company. Citigroup decreased their price objective on WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Finally, Zacks Investment Research raised WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Sunday, January 21st. Three 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’s stock. WildHorse Resource Development currently has an average rating of “Buy” and a consensus price target of $23.10.
The company has a debt-to-equity ratio of 0.67, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $2,371.45, a P/E ratio of 56.51, a PEG ratio of 0.31 and a beta of -0.23.
WildHorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. WildHorse Resource Development had a return on equity of 4.31% and a net margin of 11.68%. The business had revenue of $180.24 million during the quarter, compared to the consensus estimate of $166.94 million. During the same quarter last year, the company earned ($0.11) EPS. The firm’s revenue was up 359.1% compared to the same quarter last year. equities analysts forecast that WildHorse Resource Development Co. will post 1.51 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of WRD. Nationwide Fund Advisors boosted its stake in WildHorse Resource Development by 32.7% in the 3rd quarter. Nationwide Fund Advisors now owns 71,756 shares of the oil and natural gas company’s stock worth $956,000 after purchasing an additional 17,697 shares during the period. Bank of New York Mellon Corp boosted its stake in WildHorse Resource Development by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock worth $1,586,000 after purchasing an additional 5,019 shares during the period. Ameriprise Financial Inc. boosted its stake in WildHorse Resource Development by 4.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 457,756 shares of the oil and natural gas company’s stock worth $6,099,000 after purchasing an additional 18,811 shares during the period. Wells Fargo & Company MN boosted its stake in WildHorse Resource Development by 40.7% in the 3rd 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 period. Finally, Janus Henderson Group PLC bought a new position in WildHorse Resource Development in the 3rd quarter worth about $5,801,000.
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About WildHorse Resource Development
WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.
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