Somewhat Positive Press Coverage Somewhat Unlikely to Affect Wildhorse Resource Development Corporation (WRD) Share Price

Media headlines about Wildhorse Resource Development Corporation (NYSE:WRD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wildhorse Resource Development Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the oil and natural gas company an impact score of 46.5149121156134 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have issued reports on the company. Imperial Capital assumed coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $22.00 price objective for the company. BMO Capital Markets set a $17.00 price objective on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Tuesday. Iberia Capital assumed coverage on Wildhorse Resource Development Corporation in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. Zacks Investment Research lowered Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 15th. Finally, Scotiabank set a $19.00 price objective on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Wildhorse Resource Development Corporation has an average rating of “Buy” and a consensus target price of $20.00.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) traded down 0.78% during mid-day trading on Wednesday, hitting $12.65. The stock had a trading volume of 199,643 shares. The stock’s 50-day moving average price is $12.34 and its 200 day moving average price is $12.34. The company has a market capitalization of $1.25 billion and a P/E ratio of 35.14. Wildhorse Resource Development Corporation has a 1-year low of $10.36 and a 1-year high of $16.48.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its quarterly earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $70.20 million during the quarter, compared to the consensus estimate of $68.03 million. The firm’s revenue was up 136.4% on a year-over-year basis. On average, analysts predict that Wildhorse Resource Development Corporation will post $0.30 EPS for the current fiscal year.

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Wildhorse Resource Development Corporation 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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