Shares of Wildhorse Resource Development Corporation (NYSE:WRD) have been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.27.

Several equities research analysts have recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $23.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Wednesday. Barclays PLC boosted their target price on shares of Wildhorse Resource Development Corporation from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research raised shares of Wildhorse Resource Development Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Saturday. BMO Capital Markets set a $21.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Imperial Capital reissued an “outperform” rating on shares of Wildhorse Resource Development Corporation in a research report on Friday, November 10th.

Wildhorse Resource Development Corporation (NYSE:WRD) traded up $0.20 during trading hours on Friday, hitting $16.40. 364,176 shares of the stock traded hands, compared to its average volume of 542,522. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1,640.00 and a P/E ratio of 114.57. Wildhorse Resource Development Corporation has a one year low of $10.36 and a one year high of $16.77.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The company had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. Wildhorse Resource Development Corporation had a net margin of 8.88% and a return on equity of 1.24%. Wildhorse Resource Development Corporation’s revenue was up 269.0% on a year-over-year basis. equities research analysts predict that Wildhorse Resource Development Corporation will post 0.34 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of WRD. Voya Investment Management LLC bought a new stake in Wildhorse Resource Development Corporation in the 2nd quarter worth about $124,000. Dynamic Technology Lab Private Ltd bought a new stake in Wildhorse Resource Development Corporation in the 3rd quarter worth about $186,000. The Manufacturers Life Insurance Company bought a new stake in Wildhorse Resource Development Corporation in the 2nd quarter worth about $197,000. New York State Common Retirement Fund bought a new stake in Wildhorse Resource Development Corporation in the 2nd quarter worth about $212,000. Finally, Wells Fargo & Company MN grew its position in Wildhorse Resource Development Corporation by 559.2% in the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after purchasing an additional 14,835 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Wildhorse Resource Development Corporation (NYSE:WRD)

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