Wildhorse Resource Development (WRD) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Wildhorse Resource Development (NYSE:WRD) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

WRD has been the topic of several other reports. Piper Jaffray Companies reaffirmed a buy rating and issued a $18.00 price target on shares of Wildhorse Resource Development in a report on Sunday, October 22nd. BMO Capital Markets set a $17.00 price target on shares of Wildhorse Resource Development and gave the company a buy rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Wildhorse Resource Development from a buy rating to a hold rating in a report on Saturday, November 11th. Imperial Capital reaffirmed an outperform rating on shares of Wildhorse Resource Development in a report on Friday, November 10th. Finally, Barclays upped their price target on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the company an overweight rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Wildhorse Resource Development currently has a consensus rating of Buy and an average target price of $20.42.

Wildhorse Resource Development (NYSE:WRD) opened at $17.99 on Wednesday. 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 12-month low of $10.36 and a 12-month high of $18.84. The stock has a market capitalization of $1,820.00 and a price-to-earnings ratio of 39.98.

Wildhorse Resource Development (NYSE:WRD) last released its 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 return on equity of 1.24% and a net margin of 8.88%. The firm had revenue of $122.50 million for the quarter, compared to the consensus estimate of $117.89 million. The firm’s revenue was up 269.0% on a year-over-year basis. research analysts predict that Wildhorse Resource Development will post 0.34 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers purchased a new stake in shares of Wildhorse Resource Development during the 2nd quarter worth about $317,000. B. Riley Financial Inc. purchased a new stake in shares of Wildhorse Resource Development during the 2nd quarter worth about $622,000. TIAA CREF Investment Management LLC boosted 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 acquiring an additional 20,471 shares in the last quarter. Vanguard Group Inc. boosted 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 acquiring an additional 203,933 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Wildhorse Resource Development by 70.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock worth $1,097,000 after acquiring an additional 36,489 shares in the last quarter. 95.73% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

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