News stories about Wildhorse Resource Development Corporation (NYSE:WRD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wildhorse Resource Development Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the oil and natural gas company an impact score of 45.707240425743 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.46 on Monday. Wildhorse Resource Development Corporation has a 52 week low of $10.36 and a 52 week high of $16.48. The firm has a market cap of $1.17 billion and a price-to-earnings ratio of 118.67. The stock’s 50 day moving average price is $12.43 and its 200 day moving average price is $12.47.

Wildhorse Resource Development Corporation (NYSE:WRD) last issued its quarterly earnings data on Thursday, May 11th. The oil and natural gas company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $54.29 million during the quarter, compared to analyst estimates of $54.45 million. The business’s revenue for the quarter was up 116.0% on a year-over-year basis. On average, equities research analysts predict that Wildhorse Resource Development Corporation will post $0.41 EPS for the current year.

WRD has been the topic of a number of recent analyst reports. Imperial Capital initiated coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $22.00 price objective on the stock. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Barclays PLC reaffirmed an “overweight” rating and set a $19.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.00.

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In other news, President Anthony Franklin Bahr acquired 143,526 shares of Wildhorse Resource Development Corporation stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $12.67 per share, for a total transaction of $1,818,474.42. Following the transaction, the president now directly owns 603,289 shares of the company’s stock, valued at approximately $7,643,671.63. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan M. Clarkson acquired 6,000 shares of Wildhorse Resource Development Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of $12.51 per share, for a total transaction of $75,060.00. Following the transaction, the director now directly owns 16,000 shares in the company, valued at $200,160. The disclosure for this purchase can be found here. Insiders have purchased a total of 322,217 shares of company stock worth $4,019,583 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Wildhorse Resource Development Corporation 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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