News stories about Wildhorse Resource Development (NYSE:WRD) have trended somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.10 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 46.5791248535529 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

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

Wildhorse Resource Development stock opened at $18.52 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 43.06 and a beta of -1.00. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. Wildhorse Resource Development has a one year low of $10.36 and a one year high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.11). The company had revenue of $225.41 million for the quarter, compared to analyst estimates of $204.16 million. Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%. sell-side analysts expect that Wildhorse Resource Development will post 1.92 EPS for the current year.

Several equities analysts have recently weighed in on the company. Piper Jaffray Companies set a $41.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. SunTrust Banks raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, July 27th. Finally, Seaport Global Securities assumed coverage on Wildhorse Resource Development in a research note on Wednesday, June 20th. They issued a “buy” rating and a $37.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.18.

In related news, insider Steve Saad Habachy sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $27.30, for a total transaction of $546,000.00. Following the transaction, the insider now directly owns 301,481 shares of the company’s stock, valued at approximately $8,230,431.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terence W. Lynch sold 10,800 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $27.39, for a total value of $295,812.00. Following the transaction, the insider now directly owns 105,404 shares in the company, valued at $2,887,015.56. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.

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Insider Buying and Selling by Quarter for Wildhorse Resource Development (NYSE:WRD)

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