Wildhorse Resource Development Corp (NYSE:WRD) traded down 5.1% on Wednesday . The company traded as low as $20.53 and last traded at $20.54. 909,658 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 1,120,196 shares. The stock had previously closed at $21.64.
A number of equities research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $41.00 price target on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. SunTrust Banks upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, July 27th. Finally, Seaport Global Securities assumed coverage on shares of Wildhorse Resource Development in a research note on Wednesday, June 20th. They issued a “buy” rating and a $37.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Wildhorse Resource Development presently has an average rating of “Buy” and a consensus price target of $26.18.
The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $2.10 billion, a P/E ratio of 44.81 and a beta of -1.04.
Wildhorse Resource Development (NYSE:WRD) last posted its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.11). Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%. The business had revenue of $225.41 million for the quarter, compared to analyst estimates of $204.16 million. equities research analysts expect that Wildhorse Resource Development Corp will post 1.81 EPS for the current year.
A number of large investors have recently bought and sold shares of WRD. Russell Investments Group Ltd. acquired a new stake in Wildhorse Resource Development during the 1st quarter worth approximately $126,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Wildhorse Resource Development in the 1st quarter worth approximately $184,000. Meeder Asset Management Inc. acquired a new position in shares of Wildhorse Resource Development in the 2nd quarter worth approximately $186,000. Engineers Gate Manager LP acquired a new position in shares of Wildhorse Resource Development in the 1st quarter worth approximately $220,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Wildhorse Resource Development by 2,494.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock worth $233,000 after purchasing an additional 48,434 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.
Wildhorse Resource Development Company Profile (NYSE:WRD)
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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