Wildhorse Resource Development (NYSE:WRD) posted its quarterly earnings data on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23, Briefing.com reports. The firm had revenue of $180.24 million for the quarter, compared to analysts’ expectations of $166.94 million. Wildhorse Resource Development had a net margin of 11.68% and a return on equity of 4.33%. The business’s quarterly revenue was up 359.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS.
Shares of Wildhorse Resource Development (NYSE:WRD) traded up $0.18 during trading hours on Wednesday, reaching $16.73. 646,314 shares of the company were exchanged, compared to its average volume of 657,616. The stock has a market cap of $1,755.32, a PE ratio of 42.90, a PEG ratio of 0.27 and a beta of 0.39. Wildhorse Resource Development has a one year low of $10.36 and a one year high of $21.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42.
Several research firms have recently weighed in on WRD. BMO Capital Markets cut shares of Wildhorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research report on Tuesday. Piper Jaffray Companies set a $31.00 price objective on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research report on Tuesday, February 13th. Citigroup lowered their price objective on shares of Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Sunday, January 21st. Finally, Barclays lifted their target price on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.67.
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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