Piper Jaffray Companies restated their buy rating on shares of Wildhorse Resource Development (NYSE:WRD) in a research note published on Tuesday morning. Piper Jaffray Companies currently has a $29.00 price target on the oil and natural gas company’s stock.
Other equities analysts have also issued research reports about the company. Barclays raised their price objective on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an overweight rating in a report on Monday, November 20th. Zacks Investment Research raised Wildhorse Resource Development from a sell rating to a hold rating in a report on Thursday, October 12th. ValuEngine raised Wildhorse Resource Development from a sell rating to a hold rating in a report on Wednesday, January 3rd. BMO Capital Markets set a $17.00 price target on Wildhorse Resource Development and gave the stock a buy rating in a report on Tuesday, October 10th. Finally, Imperial Capital reissued an outperform rating on shares of Wildhorse Resource Development in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Wildhorse Resource Development has a consensus rating of Buy and a consensus target price of $20.30.
Shares of Wildhorse Resource Development (WRD) traded up $0.10 during mid-day trading on Tuesday, hitting $20.04. The company’s stock had a trading volume of 1,367,376 shares, compared to its average volume of 697,092. The stock has a market capitalization of $2,017.35 and a price-to-earnings ratio of 91.10. 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 quick ratio of 0.42 and a current ratio of 0.42.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The business’s revenue was up 269.0% on a year-over-year basis. research analysts forecast that Wildhorse Resource Development will post 0.34 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new position in shares of Wildhorse Resource Development during the second quarter worth about $317,000. B. Riley Financial Inc. purchased a new position in shares of Wildhorse Resource Development during the second quarter worth about $622,000. Vanguard Group Inc. grew its holdings in shares of Wildhorse Resource Development by 13.9% during the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock worth $20,665,000 after buying an additional 203,933 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Wildhorse Resource Development by 62.2% during the second quarter. TIAA CREF Investment Management LLC now owns 53,375 shares of the oil and natural gas company’s stock worth $660,000 after buying an additional 20,471 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Wildhorse Resource Development in the third quarter valued at about $5,801,000. 95.73% of the stock is currently owned by hedge funds and other institutional investors.
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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