WildHorse Resource Development (WRD) Reaches New 12-Month High and Low at $25.07

WildHorse Resource Development Co. (NYSE:WRD) hit a new 52-week high and low on Thursday . The stock traded as low as $25.07 and last traded at $24.62, with a volume of 423574 shares traded. The stock had previously closed at $24.30.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets cut shares of WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Tuesday, March 13th. Piper Jaffray set a $31.00 price target on shares of WildHorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Johnson Rice assumed coverage on shares of WildHorse Resource Development in a research report on Wednesday, March 21st. They issued a “buy” rating and a $27.00 price target on the stock. Citigroup reduced their price target on shares of WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. Finally, Zacks Investment Research upgraded shares of WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Sunday, January 21st. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.10.

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The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2,382.58, a P/E ratio of 57.67, a price-to-earnings-growth ratio of 0.31 and a beta of -0.23.

WildHorse Resource Development (NYSE:WRD) last posted its quarterly earnings data on Wednesday, March 7th. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $180.24 million during the quarter, compared to analyst estimates of $166.94 million. WildHorse Resource Development had a net margin of 11.68% and a return on equity of 4.31%. WildHorse Resource Development’s quarterly revenue was up 359.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) earnings per share. analysts predict that WildHorse Resource Development Co. will post 1.51 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WRD. Paloma Partners Management Co purchased a new stake in shares of WildHorse Resource Development during the fourth quarter valued at $215,000. Virtu Financial LLC purchased a new stake in shares of WildHorse Resource Development during the fourth quarter valued at $220,000. Invictus RG purchased a new stake in shares of WildHorse Resource Development during the fourth quarter valued at $268,000. Wells Fargo & Company MN boosted its stake in shares of WildHorse Resource Development by 40.7% during the third quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock valued at $328,000 after purchasing an additional 7,110 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of WildHorse Resource Development during the fourth quarter valued at $438,000.

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About WildHorse Resource Development

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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