News stories about Wildhorse Resource Development (NYSE:WRD) have been trending somewhat positive on Saturday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wildhorse Resource Development earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.4975466568987 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- WildHorse Resource Earns $50 Million, Brings Online 90 Net Hz Wells in 2017 (oilandgas360.com)
- Wildhorse Resource Development (WRD) Releases Earnings Results, Hits Expectations (americanbankingnews.com)
- WildHorse Resource Development EPS in-line, beats on revenue (seekingalpha.com)
- WildHorse Resource Development Corporation Announces Fourth Quarter and Full Year 2017 Results (finance.yahoo.com)
- Zacks: Analysts Expect Wildhorse Resource Development Corp (WRD) Will Post Quarterly Sales of $165.83 Million (americanbankingnews.com)
Several research analysts recently weighed in on WRD shares. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, November 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 price objective on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. Citigroup lowered their price objective on Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, February 13th. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, BMO Capital Markets set a $21.00 price objective on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Two research 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.78.
Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Wildhorse Resource Development had a return on equity of 4.33% and a net margin of 11.68%. The company had revenue of $180.24 million for the quarter, compared to analysts’ expectations of $166.94 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was up 359.1% compared to the same quarter last year. sell-side analysts predict that Wildhorse Resource Development will post 1.29 EPS for the current fiscal year.
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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.
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