Wildhorse Resource Development Corporation (WRD) Receives Daily Media Sentiment Score of 0.19
Media stories about Wildhorse Resource Development Corporation (NYSE:WRD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wildhorse Resource Development Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the oil and natural gas company an impact score of 45.6034010555081 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities analysts recently weighed in on the company. Zacks Investment Research cut Wildhorse Resource Development Corporation from a “buy” rating to a “hold” rating in a research report on Saturday. Imperial Capital assumed coverage on Wildhorse Resource Development Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $22.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 price objective on shares of Wildhorse Resource Development Corporation in a research report on Sunday, October 22nd. BMO Capital Markets set a $17.00 price objective on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Iberia Capital assumed coverage on Wildhorse Resource Development Corporation in a research report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.33.
Shares of Wildhorse Resource Development Corporation (WRD) traded down $0.15 on Friday, reaching $13.25. The company had a trading volume of 429,824 shares, compared to its average volume of 308,066. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 0.58.
Wildhorse Resource Development Corporation (NYSE:WRD) last issued its quarterly earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $70.20 million during the quarter, compared to analysts’ expectations of $68.03 million. The business’s revenue for the quarter was up 136.4% compared to the same quarter last year. equities analysts anticipate that Wildhorse Resource Development Corporation will post 0.3 EPS for the current fiscal year.
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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.
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