Wildhorse Resource Development Corporation (NYSE:WRD)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research note issued to investors on Tuesday, June 27th. They currently have a $15.00 price objective on the oil and natural gas company’s stock. BMO Capital Markets’ price objective points to a potential upside of 20.87% from the company’s previous close.
WRD has been the topic of a number of other reports. Scotiabank reiterated a “buy” rating and set a $20.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Monday, March 27th. Zacks Investment Research downgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.00.
Wildhorse Resource Development Corporation (WRD) traded up 0.65% during trading on Tuesday, reaching $12.41. 560,497 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $12.35 and its 200 day moving average price is $12.59. The firm has a market cap of $1.26 billion and a P/E ratio of 118.19. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.48.
Wildhorse Resource Development Corporation (NYSE:WRD) last announced its quarterly earnings data on Thursday, May 11th. The oil and natural gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $54.29 million for the quarter, compared to analysts’ expectations of $54.45 million. The business’s quarterly revenue was up 116.0% compared to the same quarter last year. Equities research analysts anticipate that Wildhorse Resource Development Corporation will post $0.53 EPS for the current fiscal year.
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In related news, President Anthony Franklin Bahr purchased 143,526 shares of Wildhorse Resource Development Corporation stock in a transaction dated Friday, May 19th. The shares were bought at an average cost of $12.67 per share, for a total transaction of $1,818,474.42. Following the purchase, the president now owns 603,289 shares in the company, valued at approximately $7,643,671.63. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steve Saad Habachy purchased 80,691 shares of Wildhorse Resource Development Corporation stock in a transaction dated Friday, May 19th. The stock was bought at an average price of $12.40 per share, for a total transaction of $1,000,568.40. Following the completion of the purchase, the insider now owns 69,191 shares in the company, valued at approximately $857,968.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 322,217 shares of company stock worth $4,019,583. 2.60% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. bought a new stake in Wildhorse Resource Development Corporation during the first quarter worth $156,000. JPMorgan Chase & Co. increased 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 worth $227,000 after buying an additional 13,218 shares during the last quarter. Numeric Investors LLC bought a new stake in Wildhorse Resource Development Corporation during the fourth quarter worth $258,000. Sei Investments Co. increased its stake in Wildhorse Resource Development Corporation by 11.2% in the first quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock worth $291,000 after buying an additional 2,358 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Wildhorse Resource Development Corporation by 17.5% in the first quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock worth $377,000 after buying an additional 4,511 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.
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.
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