Wildhorse Resource Development (NYSE:WRD) had its price target reduced by Citigroup from $23.00 to $19.00 in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the oil and natural gas company’s stock. Citigroup’s target price points to a potential upside of 11.96% from the company’s previous close.
A number of other analysts also recently commented on WRD. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 price objective on shares of Wildhorse Resource Development in a research report on Sunday, October 22nd. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 24th. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. BMO Capital Markets set a $21.00 price objective on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Barclays raised their price objective on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Wildhorse Resource Development currently has a consensus rating of “Buy” and a consensus price target of $22.78.
Shares of Wildhorse Resource Development (WRD) opened at $16.97 on Tuesday. 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 has a 52-week low of $10.36 and a 52-week high of $21.43. The company has a market capitalization of $1,674.38, a P/E ratio of 77.14, a price-to-earnings-growth ratio of 0.32 and a beta of -0.48.
About Wildhorse Resource Development
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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