NYSE:WRD - Wildhorse Resource Development Stock Price, Forecast & News

Wildhorse Resource Development trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRD."

Wildhorse Resource Development Corp (NYSE:WRD) released its quarterly earnings results on Tuesday, August, 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.11. The oil and natural gas company had revenue of $225.41 million for the quarter, compared to analyst estimates of $204.16 million. Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. View Wildhorse Resource Development's Earnings History.

1 equities research analysts have issued 1 year price targets for Wildhorse Resource Development's stock. Their forecasts range from $24.00 to $24.00. On average, they anticipate Wildhorse Resource Development's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 41.4% from the stock's current price. View Analyst Price Targets for Wildhorse Resource Development.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wildhorse Resource Development in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wildhorse Resource Development.

News articles about WRD stock have trended somewhat negative recently, InfoTrie reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wildhorse Resource Development earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Wildhorse Resource Development.

Some companies that are related to Wildhorse Resource Development include Cabot Oil & Gas (COG), Encana (ECA), Parsley Energy (PE), Cimarex Energy (XEC), WPX Energy (WPX), Murphy Oil (MUR), Viper Energy Partners (VNOM), Magnolia Oil & Gas (MGY), Black Stone Minerals (BSM), Kosmos Energy (KOS), Vermilion Energy (VET), EQT (EQT), ARC Resources (AETUF), Crescent Point Energy (CPG) and Matador Resources (MTDR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Wildhorse Resource Development investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), NIC (EGOV), Allergan (AGN) and Transocean (RIG).

(WRD) raised $550 million in an IPO on Wednesday, December 14th 2016. The company issued 27,500,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities served as the underwriters for the IPO and Guggenheim Securities, J.P. Morgan, Raymond James, Simmons & Company International Energy Specialists of Piper Jaffray, Tudor, Pickering, Holt, Capital One Securities, Comerica Securities, Scotia Howard Weil and Wunderlich were co-managers.

One share of WRD stock can currently be purchased for approximately $16.97.

Wildhorse Resource Development has a market capitalization of $1.73 billion and generates $427.19 million in revenue each year. The oil and natural gas company earns $49.88 million in net income (profit) each year or $0.43 on an earnings per share basis. View Additional Information About Wildhorse Resource Development.

The official website for Wildhorse Resource Development is http://www.wildhorserd.com/.

Wildhorse Resource Development's mailing address is 9805 KATY FREEWAY SUITE 400, HOUSTON TX, 77024. The oil and natural gas company can be reached via phone at 713-568-4910 or via email at [email protected]