Wildhorse Resource Development (WRD) Upgraded to Sell by ValuEngine

Wildhorse Resource Development (NYSE:WRD) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued research reports about the company. TheStreet downgraded Wildhorse Resource Development from a “c-” rating to a “d+” rating in a research note on Monday, December 24th. Capital One Financial cut Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 6th. Imperial Capital reduced their price target on Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, November 9th. Zacks Investment Research cut Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 27th. Finally, Wells Fargo & Co cut Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.89.

Shares of NYSE WRD opened at $17.38 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.06. Wildhorse Resource Development has a one year low of $12.01 and a one year high of $29.67. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 1.42 and a beta of 0.98.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. The firm had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 111.8% compared to the same quarter last year. On average, equities research analysts anticipate that Wildhorse Resource Development will post 1.74 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of Wildhorse Resource Development by 597.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,094 shares of the oil and natural gas company’s stock worth $168,000 after buying an additional 6,077 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Wildhorse Resource Development by 372.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock worth $233,000 after purchasing an additional 7,229 shares during the last quarter. Cpwm LLC acquired a new position in shares of Wildhorse Resource Development during the 3rd quarter worth about $237,000. Verition Fund Management LLC acquired a new position in shares of Wildhorse Resource Development during the 2nd quarter worth about $282,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Wildhorse Resource Development during the 3rd quarter worth about $309,000. 99.70% of the stock is owned by institutional investors.

Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.

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Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

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