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

A number of other research analysts have also recently weighed in on WRD. Scotiabank set a $19.00 price target on shares of Wildhorse Resource Development Corporation and gave the company a buy rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Wildhorse Resource Development Corporation from a buy rating to a hold rating in a research report on Saturday, November 11th. Imperial Capital reaffirmed an outperform rating on shares of Wildhorse Resource Development Corporation in a research report on Friday, November 10th. Piper Jaffray Companies reaffirmed a buy rating and set a $18.00 price target on shares of Wildhorse Resource Development Corporation in a research report on Sunday, October 22nd. Finally, Barclays PLC reaffirmed an overweight rating and set a $19.00 price target on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $19.75.

Wildhorse Resource Development Corporation (NYSE WRD) opened at $15.69 on Tuesday. The firm has a market cap of $1,480.00 and a P/E ratio of 105.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $122.50 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. equities research analysts predict that Wildhorse Resource Development Corporation will post 0.33 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC acquired a new position in shares of Wildhorse Resource Development Corporation during the second quarter worth $124,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wildhorse Resource Development Corporation during the third quarter worth $186,000. The Manufacturers Life Insurance Company acquired a new position in shares of Wildhorse Resource Development Corporation during the second quarter worth $197,000. New York State Common Retirement Fund acquired a new position in shares of Wildhorse Resource Development Corporation during the second quarter worth $212,000. Finally, Wells Fargo & Company MN lifted its position in shares of Wildhorse Resource Development Corporation by 559.2% during the second quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after purchasing an additional 14,835 shares in the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Wildhorse Resource Development Corporation (NYSE:WRD)

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