Wildhorse Resource Development Corporation (NYSE:WRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “WildHorse Resource Development Corporation is an oil and natural gas company. It focused on the acquisition, exploration, development and production of oil, natural gas and NGL. The company properties primarily consist of Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. WildHorse Resource Development Corporation is based in Houston, Texas. “

WRD has been the subject of a number of other reports. Iberia Capital initiated coverage on shares of Wildhorse Resource Development Corporation in a research report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 target price for the company. ValuEngine downgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Sunday, October 22nd. Barclays PLC restated 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 shares of Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research report on Wednesday, August 9th. One equities 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 given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.42.

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

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

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRD. Bank of New York Mellon Corp purchased a new position in Wildhorse Resource Development Corporation in the first quarter valued at $845,000. JPMorgan Chase & Co. grew its stake in Wildhorse Resource Development Corporation by 264.4% during the 1st quarter. JPMorgan Chase & Co. now owns 18,218 shares of the oil and natural gas company’s stock valued at $227,000 after acquiring an additional 13,218 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new stake in Wildhorse Resource Development Corporation during the 1st quarter valued at about $409,000. Vanguard Group Inc. purchased a new stake in Wildhorse Resource Development Corporation during the 1st quarter valued at about $18,245,000. Finally, Geode Capital Management LLC purchased a new stake in Wildhorse Resource Development Corporation during the 1st quarter valued at about $2,427,000. 93.96% of the stock is owned by institutional investors.

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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