Wildhorse Resource Development Corporation (NYSE:WRD) had its target price increased by research analysts at Barclays PLC from $19.00 to $21.00 in a research report issued on Monday. The firm presently has an “overweight” rating on the oil and natural gas company’s stock. Barclays PLC’s price target suggests a potential upside of 33.84% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets set a $17.00 price target on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Wildhorse Resource Development Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $18.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Sunday, October 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

Shares of Wildhorse Resource Development Corporation (WRD) traded up $1.03 on Monday, hitting $15.69. The stock had a trading volume of 491,500 shares, compared to its average volume of 543,406. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. Wildhorse Resource Development Corporation has a twelve month low of $10.36 and a twelve month high of $16.48. The firm has a market capitalization of $1,590.00 and a price-to-earnings ratio of 112.07.

Wildhorse Resource Development Corporation (NYSE:WRD) last issued 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 consensus estimate of $0.08 by $0.08. Wildhorse Resource Development Corporation had a return on equity of 1.24% and a net margin of 8.88%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. The business’s revenue for the quarter was up 269.0% compared to the same quarter last year. equities analysts predict that Wildhorse Resource Development Corporation will post 0.34 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in WRD. Bank of New York Mellon Corp acquired a new position in Wildhorse Resource Development Corporation in the first quarter valued at about $845,000. JPMorgan Chase & Co. lifted its stake in Wildhorse Resource Development Corporation by 264.4% in the first quarter. JPMorgan Chase & Co. now owns 18,218 shares of the oil and natural gas company’s stock valued at $227,000 after buying an additional 13,218 shares during the period. TIAA CREF Investment Management LLC acquired a new position in Wildhorse Resource Development Corporation in the first quarter valued at about $409,000. Vanguard Group Inc. acquired a new position in Wildhorse Resource Development Corporation in the first quarter valued at about $18,245,000. Finally, Geode Capital Management LLC acquired a new position in Wildhorse Resource Development Corporation in the first quarter valued at about $2,427,000. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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)

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