Wildhorse Resource Development (WRD) Receiving Somewhat Favorable Press Coverage, Analysis Shows
News coverage about Wildhorse Resource Development (NYSE:WRD) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wildhorse Resource Development earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 45.6753846557285 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $23.00 price target on shares of Wildhorse Resource Development in a research report on Wednesday, November 22nd. BMO Capital Markets set a $17.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 12th. Iberia Capital assumed coverage on shares of Wildhorse Resource Development in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective for the company. ValuEngine downgraded shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Wildhorse Resource Development has a consensus rating of “Buy” and an average price target of $20.42.
Wildhorse Resource Development (WRD) opened at $16.50 on Friday. Wildhorse Resource Development has a 52 week low of $10.36 and a 52 week high of $17.10. The firm has a market capitalization of $1,670.34 and a price-to-earnings ratio of 117.93. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. The company’s quarterly revenue was up 269.0% on a year-over-year basis. sell-side analysts expect that Wildhorse Resource Development will post 0.34 earnings per share for the current year.
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About Wildhorse Resource Development
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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