Wildhorse Resource Development Corp (NYSE:WRD) has been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $27.22.
WRD has been the subject of several research reports. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Friday, July 27th. SunTrust Banks initiated coverage on Wildhorse Resource Development in a research report on Thursday, July 19th. They issued a “hold” rating and a $26.00 target price for the company. Piper Jaffray Companies set a $41.00 target price on Wildhorse Resource Development and gave the company a “buy” rating in a research report on Saturday, August 11th. Finally, Seaport Global Securities started coverage on Wildhorse Resource Development in a research note on Wednesday, June 20th. They issued a “buy” rating and a $37.00 price target for the company.
Wildhorse Resource Development stock traded up $0.75 during trading hours on Wednesday, hitting $23.59. The stock had a trading volume of 1,073,951 shares, compared to its average volume of 1,153,618. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.41 billion, a PE ratio of 54.86 and a beta of -1.10. Wildhorse Resource Development has a one year low of $11.95 and a one year high of $29.67.
Wildhorse Resource Development (NYSE:WRD) last posted its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.11). The firm had revenue of $225.41 million during the quarter, compared to the consensus estimate of $204.16 million. Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. As a group, analysts predict that Wildhorse Resource Development will post 1.8 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of WRD. Russell Investments Group Ltd. acquired a new stake in shares of Wildhorse Resource Development in the first quarter valued at about $126,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Wildhorse Resource Development in the first quarter valued at about $184,000. Meeder Asset Management Inc. acquired a new stake in shares of Wildhorse Resource Development in the second quarter valued at about $186,000. Advisors Asset Management Inc. increased its stake in shares of Wildhorse Resource Development by 2,494.0% in the second quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock valued at $233,000 after buying an additional 48,434 shares during the period. Finally, Telemus Capital LLC acquired a new stake in shares of Wildhorse Resource Development in the second quarter valued at about $254,000. 95.94% of the stock is owned by institutional investors.
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.
Featured Story: How analysts view the yield curve
Receive News & Ratings for Wildhorse Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.