Wildhorse Resource Development (WRD) Rating Reiterated by Piper Jaffray Companies
Piper Jaffray Companies restated their buy rating on shares of Wildhorse Resource Development (NYSE:WRD) in a report issued on Tuesday morning. Piper Jaffray Companies currently has a $29.00 target price on the oil and natural gas company’s stock.
A number of other equities analysts have also recently commented on the company. ValuEngine raised Wildhorse Resource Development from a sell rating to a hold rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Wildhorse Resource Development from a buy rating to a hold rating in a report on Tuesday, December 19th. Barclays raised their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an overweight rating in a report on Monday, November 20th. BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the stock a buy rating in a report on Tuesday, November 14th. Finally, Imperial Capital reaffirmed an outperform rating on shares of Wildhorse Resource Development in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wildhorse Resource Development presently has a consensus rating of Buy and a consensus price target of $20.92.
Wildhorse Resource Development (NYSE:WRD) traded down $0.19 during mid-day trading on Tuesday, hitting $18.73. The stock had a trading volume of 511,124 shares, compared to its average volume of 664,413. Wildhorse Resource Development has a 52-week low of $10.36 and a 52-week high of $19.20. The stock has a market cap of $1,890.00 and a P/E ratio of 41.62. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57.
A number of large investors have recently bought and sold shares of WRD. Janus Henderson Group PLC bought a new stake in Wildhorse Resource Development during the third quarter valued at about $5,801,000. Ameriprise Financial Inc. raised its holdings in Wildhorse Resource Development by 503.1% during the second quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock valued at $5,430,000 after acquiring an additional 366,168 shares during the period. Vanguard Group Inc. raised its holdings in Wildhorse Resource Development by 13.9% during the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock valued at $20,665,000 after acquiring an additional 203,933 shares during the period. State Street Corp raised its holdings in Wildhorse Resource Development by 97.5% during the second quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock valued at $4,411,000 after acquiring an additional 176,082 shares during the period. Finally, Northern Trust Corp raised its holdings in Wildhorse Resource Development by 243.7% during the second quarter. Northern Trust Corp now owns 233,593 shares of the oil and natural gas company’s stock valued at $2,890,000 after acquiring an additional 165,626 shares during the period. 95.73% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Wildhorse Resource Development (WRD) Rating Reiterated by Piper Jaffray Companies” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/wildhorse-resource-development-wrd-rating-reiterated-by-piper-jaffray-companies/1801923.html.
About Wildhorse Resource Development
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.
Receive News & Ratings for Wildhorse Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.