News articles about Wildhorse Resource Development (NYSE:WRD) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wildhorse Resource Development earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 46.4436004561109 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Wildhorse Resource Development Corp (WRD) Expected to Post Quarterly Sales of $180.83 Million (americanbankingnews.com)
- $0.29 Earnings Per Share Expected for Wildhorse Resource Development Corp (WRD) This Quarter (americanbankingnews.com)
- Wildhorse Resource Development (WRD) Given a $17.00 Price Target by BMO Capital Markets Analysts (americanbankingnews.com)
- WildHorse Resource Development Corporation — Moody’s upgrades WildHorse CFR to B2 positive, affirms Caa1 notes rating (finance.yahoo.com)
- WildHorse Resource Development Corporation (NYSE:WRD) Files An 8-K Completion of Acquisition or Disposition of Assets (4-traders.com)
A number of equities research analysts recently issued reports on WRD shares. BMO Capital Markets downgraded Wildhorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Tuesday, March 13th. Citigroup reduced their price target on Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research note on Sunday, January 21st. Piper Jaffray restated a “buy” rating and set a $29.00 target price on shares of Wildhorse Resource Development in a research note on Tuesday, January 9th. Finally, Bank of America upped their target price on Wildhorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Wildhorse Resource Development presently has an average rating of “Buy” and a consensus price target of $23.10.
Wildhorse Resource Development (NYSE:WRD) last released its earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Wildhorse Resource Development had a return on equity of 4.31% and a net margin of 11.68%. The firm had revenue of $180.24 million during the quarter, compared to analysts’ expectations of $166.94 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 359.1% on a year-over-year basis. analysts predict that Wildhorse Resource Development will post 1.49 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/3342814/wildhorse-resource-development-wrd-getting-somewhat-favorable-media-coverage-accern-reports.html.
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.
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.