Wildhorse Resource Development Corporation (NYSE:WRD) Earns Coverage Optimism Rating of 0.01
Media coverage about Wildhorse Resource Development Corporation (NYSE:WRD) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wildhorse Resource Development Corporation earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 46.656027786545 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Wildhorse Resource Development Corporation (WRD) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Equities Analysts Offer Predictions for Wildhorse Resource Development Corporation’s Q3 2017 Earnings (WRD) (americanbankingnews.com)
- Edited Transcript of WRD.N earnings conference call or presentation 10-Aug-17 1:00pm GMT (finance.yahoo.com)
- WildHorse Resource Development Corporation Announces Second Quarter Results (finance.yahoo.com)
- Wildhorse Resource Development Corporation (WRD) Posts Earnings Results, Misses Expectations By $0.01 EPS (americanbankingnews.com)
A number of equities research analysts recently commented on WRD shares. BMO Capital Markets reissued a “buy” rating and set a $15.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, May 15th. Scotiabank reissued a “buy” rating and set a $22.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, June 5th. Citigroup Inc. decreased their target price on shares of Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 15th. Finally, Bank of America Corporation started coverage on shares of Wildhorse Resource Development Corporation in a research report on Wednesday, July 19th. They set a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.00.
Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.31 on Friday. The stock has a market cap of $1.15 billion and a PE ratio of 23.63. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48. The firm has a 50 day moving average of $12.37 and a 200-day moving average of $12.39.
Wildhorse Resource Development Corporation (NYSE:WRD) last released its quarterly earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by $0.01. The company had revenue of $70.20 million for the quarter, compared to analysts’ expectations of $68.03 million. The firm’s quarterly revenue was up 136.4% on a year-over-year basis. On average, analysts expect that Wildhorse Resource Development Corporation will post $0.41 earnings per share for the current year.
In other Wildhorse Resource Development Corporation news, insider Steve Saad Habachy purchased 80,691 shares of Wildhorse Resource Development Corporation stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $12.40 per share, for a total transaction of $1,000,568.40. Following the transaction, the insider now directly owns 69,191 shares in the company, valued at $857,968.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jay Carlton Graham purchased 52,000 shares of Wildhorse Resource Development Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average price of $12.09 per share, with a total value of $628,680.00. Following the transaction, the chief executive officer now owns 841,076 shares in the company, valued at $10,168,608.84. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 322,217 shares of company stock valued at $4,019,583. 2.60% of the stock is owned by insiders.
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.
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