WildHorse Resource Development Corporation (WRD)’s Trend Up, Especially After Today’s 52-Week High Milestone

April 17, 2018 - By Hazel Jackson

The stock of WildHorse Resource Development Corporation (NYSE:WRD) hit a new 52-week high and has $24.69 target or 8.00 % above today’s $22.86 share price. The 8 months bullish chart indicates low risk for the $2.27 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $24.69 price target is reached, the company will be worth $181.76M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 2.47% or $0.58 during the last trading session, reaching $22.86. About 863,387 shares traded or 30.38% up from the average. WildHorse Resource Development Corporation (NYSE:WRD) has risen 59.91% since April 17, 2017 and is uptrending. It has outperformed by 48.36% the S&P500.

Analysts await WildHorse Resource Development Corporation (NYSE:WRD) to report earnings on May, 10. WRD’s profit will be $30.81M for 18.44 P/E if the $0.31 EPS becomes a reality. After $0.23 actual earnings per share reported by WildHorse Resource Development Corporation for the previous quarter, Wall Street now forecasts 34.78 % EPS growth.

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 has market cap of $2.27 billion. The firm primarily holds interests in the Eagle Ford Shale in Southeast Texas and the overpressured Cotton Valley formation in North Louisiana. It has a 71.44 P/E ratio. As of December 31, 2016, it had a total leasehold position of approximately 262,742 net acres in the Eagle Ford Shale and 108,456 net acres in overpressured Cotton Valley formation, as well as 152.5 million barrels of oil equivalent of total proved reserves.

WildHorse Resource Development Corporation (NYSE:WRD) Ratings Chart

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