Piper Jaffray Companies restated their buy rating on shares of Wildhorse Resource Development Corporation (NYSE:WRD) in a research note issued to investors on Wednesday morning. The firm currently has a $23.00 price target on the oil and natural gas company’s stock.

WRD has been the topic of several other research reports. Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a sell rating to a hold rating in a report on Saturday, September 9th. ValuEngine cut Wildhorse Resource Development Corporation from a hold rating to a sell rating in a report on Friday, September 1st. Iberia Capital started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, September 27th. They issued an outperform rating and a $18.00 price target on the stock. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the company a buy rating in a report on Wednesday, August 9th. Finally, Imperial Capital reiterated an outperform rating on shares of Wildhorse Resource Development Corporation in a report on Friday, November 10th. One investment 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 to the company. The stock currently has a consensus rating of Buy and a consensus price target of $20.42.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at $16.83 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $1,659.21 and a price-to-earnings ratio of 117.14. Wildhorse Resource Development Corporation has a 1-year low of $10.36 and a 1-year high of $16.97.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced 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 for the quarter, compared to analysts’ expectations of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.24% and a net margin of 8.88%. The company’s revenue was up 269.0% compared to the same quarter last year. research analysts expect that Wildhorse Resource Development Corporation will post 0.34 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in Wildhorse Resource Development Corporation in the second quarter valued at about $317,000. B. Riley Financial Inc. acquired a new position in Wildhorse Resource Development Corporation in the second quarter valued at about $622,000. Schwab Charles Investment Management Inc. lifted its stake in Wildhorse Resource Development Corporation by 70.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock valued at $1,097,000 after buying an additional 36,489 shares during the period. Swiss National Bank acquired a new position in Wildhorse Resource Development Corporation in the second quarter valued at about $484,000. Finally, Caymus Capital Partners L.P. lifted its stake in Wildhorse Resource Development Corporation by 228.6% in the second quarter. Caymus Capital Partners L.P. now owns 1,117,400 shares of the oil and natural gas company’s stock valued at $13,822,000 after buying an additional 777,400 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

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About Wildhorse Resource Development Corporation

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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