Bank of America Boosts Wildhorse Resource Development (WRD) Price Target to $23.00
Wildhorse Resource Development (NYSE:WRD) had its price objective lifted by investment analysts at Bank of America from $22.00 to $23.00 in a report released on Tuesday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Bank of America’s price target suggests a potential upside of 35.53% from the stock’s current price.
Other research analysts have also issued reports about the company. Barclays lifted their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Imperial Capital lifted their target price on Wildhorse Resource Development from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Tuesday. ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research lowered Wildhorse Resource Development from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Wildhorse Resource Development has a consensus rating of “Buy” and a consensus target price of $22.78.
Wildhorse Resource Development (WRD) opened at $16.97 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $1,674.38, a PE ratio of 77.14, a price-to-earnings-growth ratio of 0.32 and a beta of -0.48. Wildhorse Resource Development has a twelve month low of $10.36 and a twelve month high of $21.43.
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Wildhorse Resource Development 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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