Wildhorse Resource Development (WRD) Given a $24.00 Price Target at Raymond James

Share on StockTwits

Wildhorse Resource Development (NYSE:WRD) has been given a $24.00 target price by analysts at Raymond James in a research report issued to clients and investors on Wednesday, January 23rd. The firm presently has a “buy” rating on the oil and natural gas company’s stock. Raymond James’ price target indicates a potential upside of 41.43% from the company’s current price.

WRD has been the subject of a number of other research reports. Imperial Capital cut their target price on shares of 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 downgraded shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Capital One Financial downgraded shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 6th. ValuEngine upgraded shares of Wildhorse Resource Development from a “strong sell” rating to a “sell” rating in a report on Thursday, January 10th. Finally, TheStreet downgraded shares of Wildhorse Resource Development from a “c-” rating to a “d+” rating in a report on Monday, December 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.25.

WRD remained flat at $$16.97 during midday trading on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 1.63 and a beta of 1.26. Wildhorse Resource Development has a 12-month low of $12.01 and a 12-month high of $29.67.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Wildhorse Resource Development by 23.3% in the third quarter. Vanguard Group Inc. now owns 2,523,850 shares of the oil and natural gas company’s stock valued at $59,663,000 after purchasing an additional 476,860 shares during the period. Vanguard Group Inc grew its holdings in Wildhorse Resource Development by 23.3% in the third quarter. Vanguard Group Inc now owns 2,523,850 shares of the oil and natural gas company’s stock valued at $59,663,000 after purchasing an additional 476,860 shares during the period. FMR LLC grew its holdings in Wildhorse Resource Development by 3.9% in the third quarter. FMR LLC now owns 2,420,286 shares of the oil and natural gas company’s stock valued at $57,216,000 after purchasing an additional 91,162 shares during the period. Dimensional Fund Advisors LP grew its holdings in Wildhorse Resource Development by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,994,185 shares of the oil and natural gas company’s stock valued at $28,139,000 after purchasing an additional 65,994 shares during the period. Finally, Caymus Capital Partners L.P. grew its holdings in Wildhorse Resource Development by 111.6% in the third quarter. Caymus Capital Partners L.P. now owns 1,955,486 shares of the oil and natural gas company’s stock valued at $46,228,000 after purchasing an additional 1,031,282 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

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.

Read More: How is a Moving Average Calculated?

Analyst Recommendations for Wildhorse Resource Development (NYSE:WRD)

Receive News & Ratings for Wildhorse Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply