Wildhorse Resource Development Corp Gets a Buy Rating from BMO Capital

By Austin Angelo

In a report released today, Phillip Jungwirth from BMO Capital reiterated a Buy rating on Wildhorse Resource Development Corp (NYSE: WRD), with a price target of $15. The company’s shares closed last Friday at $11.48.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Wildhorse Resource Development Corp has an analyst consensus of Strong Buy, with a price target consensus of $19.

The company has a one year high of $16.48 and a one year low of $10.36. Currently, Wildhorse Resource Development Corp has an average volume of 676.7K.

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WildHorse Resource Development Corp. is an independent oil and natural gas company. It focuses on the acquisition, exploitation, development and production of oil and natural gas. The company was founded on August 4, 2016 and is headquartered in Houston, TX.