Wildhorse Resource Development Corp Receives a Buy from BMO Capital

By Jason Carr

In a report released today, Dan McSpirit from BMO Capital reiterated a Buy rating on Wildhorse Resource Development Corp (NYSE: WRD), with a price target of $21. The company’s shares opened today at $14.82.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 1.3% and a 47.4% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Jagged Peak Energy Inc, and Range Resources Corp.

Currently, the analyst consensus on Wildhorse Resource Development Corp is Strong Buy and the average price target is $19.33, representing a 30.4% upside.

In a report issued on November 8, Scotiabank also maintained a Buy rating on the stock with a $19 price target.

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 490.2K.

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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.