Media coverage about Wildhorse Resource Development (NYSE:WRD) has trended somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wildhorse Resource Development earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the oil and natural gas company an impact score of 47.2544827903304 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Wildhorse Resource Development (NYSE WRD) opened at $17.60 on Friday. The company has a market cap of $1,780.00 and a PE ratio of 39.11. Wildhorse Resource Development has a fifty-two week low of $10.36 and a fifty-two week high of $21.43. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57.
Several analysts have recently issued reports on the stock. 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. Piper Jaffray Companies restated a “buy” rating and set a $29.00 target price on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Imperial Capital upped their target price on shares of Wildhorse Resource Development from $24.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Finally, Bank of America upped their target price on shares of Wildhorse Resource Development from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Two 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. The stock currently has an average rating of “Buy” and an average price target of $22.78.
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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