Wildhorse Resource Development Corp (WRD) Receives $28.78 Average Price Target from Brokerages

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Wildhorse Resource Development Corp (NYSE:WRD) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.00.

Several equities analysts have recently weighed in on the stock. Capital One Financial lowered shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 6th. TheStreet lowered shares of Wildhorse Resource Development from a “c-” rating to a “d+” rating in a research note on Monday, December 24th. Imperial Capital reduced their price objective on shares of Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, November 9th. ValuEngine raised shares of Wildhorse Resource Development from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Finally, Wells Fargo & Co lowered shares of Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research note on Monday, November 26th.

Shares of NYSE:WRD remained flat at $$16.97 during trading hours on Tuesday. Wildhorse Resource Development has a 1 year low of $12.01 and a 1 year high of $29.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 1.63 and a beta of 1.26.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Wildhorse Resource Development by 23.3% in the third quarter. Vanguard Group Inc. now owns 2,523,850 shares of the oil and natural gas company’s stock worth $59,663,000 after purchasing an additional 476,860 shares in the last quarter. Vanguard Group Inc raised its position in Wildhorse Resource Development by 23.3% during the third quarter. Vanguard Group Inc now owns 2,523,850 shares of the oil and natural gas company’s stock valued at $59,663,000 after acquiring an additional 476,860 shares in the last quarter. FMR LLC raised its position in Wildhorse Resource Development by 3.9% during the third quarter. FMR LLC now owns 2,420,286 shares of the oil and natural gas company’s stock valued at $57,216,000 after acquiring an additional 91,162 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Wildhorse Resource Development by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,994,185 shares of the oil and natural gas company’s stock valued at $28,139,000 after acquiring an additional 65,994 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its position in Wildhorse Resource Development by 111.6% during the third quarter. Caymus Capital Partners L.P. now owns 1,955,486 shares of the oil and natural gas company’s stock valued at $46,228,000 after acquiring an additional 1,031,282 shares in the last quarter. 99.70% of the stock is owned by institutional investors.

About Wildhorse Resource Development

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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Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

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