WildHorse Resource Development (WRD) Reaches New 1-Year High and Low at $25.45

WildHorse Resource Development Co. (NYSE:WRD)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $25.45 and last traded at $25.30, with a volume of 197386 shares. The stock had previously closed at $24.95.

Several equities analysts have issued reports on WRD shares. ValuEngine raised shares of WildHorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Piper Jaffray reiterated a “buy” rating and set a $29.00 price objective on shares of WildHorse Resource Development in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Sunday, January 21st. Imperial Capital lifted their price objective on shares of WildHorse Resource Development from $24.00 to $31.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, Citigroup lowered their price objective on shares of WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, February 13th. Three 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 company’s stock. WildHorse Resource Development has an average rating of “Buy” and an average target price of $23.10.

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2,514.10, a P/E ratio of 58.60, a price-to-earnings-growth ratio of 0.32 and a beta of -0.23.

WildHorse Resource Development (NYSE:WRD) last posted its quarterly earnings data on Wednesday, March 7th. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $180.24 million during the quarter, compared to the consensus estimate of $166.94 million. WildHorse Resource Development had a net margin of 11.68% and a return on equity of 4.31%. The business’s revenue for the quarter was up 359.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. research analysts expect that WildHorse Resource Development Co. will post 1.55 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in WildHorse Resource Development by 4.4% during the third quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock valued at $1,586,000 after purchasing an additional 5,019 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in WildHorse Resource Development by 27.5% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 30,326 shares of the oil and natural gas company’s stock valued at $558,000 after purchasing an additional 6,540 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in WildHorse Resource Development by 18.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 42,228 shares of the oil and natural gas company’s stock valued at $777,000 after purchasing an additional 6,681 shares during the period. Raymond James & Associates lifted its position in WildHorse Resource Development by 4.0% during the fourth quarter. Raymond James & Associates now owns 177,575 shares of the oil and natural gas company’s stock valued at $3,269,000 after purchasing an additional 6,829 shares during the period. Finally, Wells Fargo & Company MN lifted its position in WildHorse Resource Development by 40.7% during the third quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock valued at $328,000 after purchasing an additional 7,110 shares during the period.

WildHorse Resource Development Company Profile

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.

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