BMO Capital Markets Analysts Give Wildhorse Resource Development Corporation (WRD) a $21.00 Price Target

BMO Capital Markets set a $21.00 price objective on Wildhorse Resource Development Corporation (NYSE:WRD) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

A number of other equities research analysts also recently issued reports on WRD. Bank of America Corporation initiated coverage on Wildhorse Resource Development Corporation in a research note on Wednesday, July 19th. They set a buy rating and a $16.00 price target for the company. Barclays PLC restated an overweight rating and set a $19.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. Imperial Capital initiated coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They set an outperform rating and a $22.00 price target for the company. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the company a buy rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a sell rating to a hold rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Wildhorse Resource Development Corporation presently has a consensus rating of Buy and a consensus price target of $19.75.

Shares of Wildhorse Resource Development Corporation (WRD) traded up $1.04 during trading hours on Tuesday, reaching $15.70. The company’s stock had a trading volume of 355,940 shares, compared to its average volume of 543,640. Wildhorse Resource Development Corporation has a fifty-two week low of $10.36 and a fifty-two week high of $16.48. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1,487.22 and a price-to-earnings ratio of 105.00.

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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.24% and a net margin of 8.88%. Wildhorse Resource Development Corporation’s quarterly revenue was up 269.0% on a year-over-year basis. sell-side analysts anticipate that Wildhorse Resource Development Corporation will post 0.33 EPS for the current year.

TRADEMARK VIOLATION WARNING: “BMO Capital Markets Analysts Give Wildhorse Resource Development Corporation (WRD) a $21.00 Price Target” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/11/17/bmo-capital-markets-analysts-give-wildhorse-resource-development-corporation-wrd-a-21-00-price-target.html.

Several large investors have recently made changes to their positions in WRD. Vanguard Group Inc. bought a new position in shares of Wildhorse Resource Development Corporation during the 1st quarter valued at approximately $18,245,000. Caymus Capital Partners L.P. grew its stake in shares of Wildhorse Resource Development Corporation by 228.6% during the 2nd quarter. Caymus Capital Partners L.P. now owns 1,117,400 shares of the oil and natural gas company’s stock valued at $13,822,000 after acquiring an additional 777,400 shares during the period. Janus Henderson Group PLC bought a new position in shares of Wildhorse Resource Development Corporation during the 3rd quarter valued at approximately $5,801,000. Ameriprise Financial Inc. grew its stake in shares of Wildhorse Resource Development Corporation by 503.1% during the 2nd 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. Finally, American Century Companies Inc. grew its stake in shares of Wildhorse Resource Development Corporation by 69.7% during the 2nd quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after acquiring an additional 319,748 shares during the period. Institutional investors own 93.12% 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)

What are top analysts saying about Wildhorse Resource Development Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Wildhorse Resource Development Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit