Somewhat Positive Media Coverage Somewhat Unlikely to Affect Wildhorse Resource Development Corporation (WRD) Stock Price

Media coverage about Wildhorse Resource Development Corporation (NYSE:WRD) has been trending somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wildhorse Resource Development Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 46.0207230830498 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

A number of equities research analysts have issued reports on WRD shares. Piper Jaffray Companies reiterated a “buy” rating and set a $23.00 target price on shares of Wildhorse Resource Development Corporation in a report on Wednesday. Imperial Capital started coverage on shares of Wildhorse Resource Development Corporation in a report on Tuesday, August 1st. They set an “outperform” rating and a $22.00 target price on the stock. BMO Capital Markets set a $17.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a report on Saturday, August 12th. Iberia Capital started coverage on shares of Wildhorse Resource Development Corporation in a report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, ValuEngine lowered shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.42.

Wildhorse Resource Development Corporation (NYSE WRD) traded up $0.16 during midday trading on Wednesday, hitting $16.20. 633,600 shares of the company were exchanged, compared to its average volume of 543,315. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $1,640.00 and a P/E ratio of 114.57. Wildhorse Resource Development Corporation has a 1 year low of $10.36 and a 1 year high of $16.77.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $122.50 million for 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 1.24%. The firm’s revenue for the quarter was up 269.0% compared to the same quarter last year. equities analysts expect that Wildhorse Resource Development Corporation will post 0.34 earnings per share for the current year.

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Wildhorse Resource Development Corporation Company Profile

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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