Wildhorse Resource Development (NYSE:WRD) is set to post its quarterly earnings results after the market closes on Wednesday, March 7th. Analysts expect Wildhorse Resource Development to post earnings of $0.18 per share for the quarter.
Wildhorse Resource Development (NYSE WRD) opened at $17.33 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. Wildhorse Resource Development has a fifty-two week low of $10.36 and a fifty-two week high of $21.43. The stock has a market cap of $1,826.14, a P/E ratio of 78.78, a PEG ratio of 0.34 and a beta of -0.48.
Several research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, February 13th. BMO Capital Markets set a $21.00 target price on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a report on Tuesday, November 14th. Piper Jaffray Companies set a $31.00 target price on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a report on Tuesday, February 13th. Bank of America raised their target price on shares of Wildhorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Imperial Capital raised their target price on shares of Wildhorse Resource Development from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $22.78.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3226869/wildhorse-resource-development-wrd-set-to-announce-earnings-on-wednesday.html.
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.
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.