Wildhorse Resource Development Corporation (NYSE:WRD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Imperial Capital in a research note issued to investors on Friday.

Several other research analysts have also issued reports on WRD. Citigroup Inc. reduced their target price on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research lowered Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 15th. Bank of America Corporation started coverage on Wildhorse Resource Development Corporation in a research report on Wednesday, July 19th. They set a “buy” rating and a $16.00 target price on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $19.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. Finally, Scotiabank set a $19.00 target price on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.42.

Wildhorse Resource Development Corporation (NYSE:WRD) opened at $15.97 on Friday. The company has a market capitalization of $1,615.70 and a price-to-earnings ratio of 114.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.58 and a quick ratio of 0.58. Wildhorse Resource Development Corporation has a 1 year low of $10.36 and a 1 year high of $16.48.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.26% and a net margin of 8.88%. Wildhorse Resource Development Corporation’s revenue was up 269.0% on a year-over-year basis. research analysts anticipate that Wildhorse Resource Development Corporation will post 0.33 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC purchased a new stake in Wildhorse Resource Development Corporation during the 2nd quarter valued at about $124,000. Dynamic Technology Lab Private Ltd purchased a new stake in Wildhorse Resource Development Corporation during the 3rd quarter valued at about $186,000. The Manufacturers Life Insurance Company purchased a new stake in Wildhorse Resource Development Corporation during the 2nd quarter valued at about $197,000. New York State Common Retirement Fund purchased a new stake in Wildhorse Resource Development Corporation during the 2nd quarter valued at about $212,000. Finally, Wells Fargo & Company MN grew its stake in Wildhorse Resource Development Corporation by 559.2% during the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock valued at $216,000 after purchasing an additional 14,835 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

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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