WildHorse Resource Development (WRD) Reaches $25.74 After 8.00% Down Move; Bellatrix Exploration Ltd. (TSE:BXE) Covered By 2 Bulls

June 14, 2018 - By Darrin Black

Bellatrix Exploration Ltd. (TSE:BXE) Logo

Among 7 analysts covering Bellatrix Exploration (TSE:BXE), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Bellatrix Exploration had 42 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, November 6 the stock rating was maintained by National Bank Canada with “Outperform”. On Thursday, August 6 the stock rating was maintained by TD Securities with “Hold”. The firm has “Sector Perform” rating by Scotia Capital given on Wednesday, March 8. Paradigm Research maintained Bellatrix Exploration Ltd. (TSE:BXE) on Thursday, August 6 with “Buy” rating. The rating was maintained by Scotia Capital on Friday, July 8 with “Sector Perform”. The rating was maintained by Altacorp on Tuesday, August 11 with “Outperform”. Scotia Capital maintained the stock with “Sector Perform” rating in Tuesday, September 20 report. The rating was maintained by National Bank Canada with “Outperform” on Thursday, January 14. IBC maintained the shares of BXE in report on Thursday, August 6 with “Sector Perform” rating. Canaccord Genuity downgraded the stock to “Hold” rating in Tuesday, January 19 report. See Bellatrix Exploration Ltd. (TSE:BXE) latest ratings:

15/12/2017 Broker: TD Securities Rating: Hold Old Target: $4.00 New Target: $3.25 Target Down

The stock of WildHorse Resource Development Corporation (NYSE:WRD) is a huge mover today! The stock decreased 3.56% or $0.95 during the last trading session, reaching $25.74. About 415,086 shares traded. WildHorse Resource Development Corporation (NYSE:WRD) has risen 95.29% since June 14, 2017 and is uptrending. It has outperformed by 82.72% the S&P500. Some Historical WRD News: ; 27/03/2018 – WILDHORSE RESOURCE – FOURTH AMENDMENT INCREASES BORROWING BASE TO $1.05 BLN AND AGGREGATE ELECTED COMMITMENT AMOUNTS TO $1.05 BLN; 07/03/2018 – WILDHORSE RESOURCE DEVELOPMENT CORP – PROJECTS 2018 AVERAGE DAILY PRODUCTION BETWEEN 53 – 56 MBOE/D; 14/05/2018 – WILDHORSE RESOURCE GETS NOTICE OF PARTIAL DISTRIBUTION OF SHRS; 06/04/2018 – Moody’s: WildHorse CFR Reflects Improving Debt Metrics; 21/04/2018 – DJ WildHorse Resource Development Corp, Inst Holders, 1Q 2018 (WRD); 09/05/2018 – WILDHORSE 1Q ADJ EPS 45C; 06/04/2018 – Moody’s: WildHorse CFR Reflects Strong Margins of Oil-Focused Growth; 09/05/2018 – WILDHORSE 1Q PRODUCTION 52.4 MBOE/D; 07/03/2018 – WildHorse Resource Devt 4Q EPS 6c; 08/05/2018 – WildHorse Conference Set By Tudor Pickering & Co for May. 15-16The move comes after 8 months negative chart setup for the $2.57B company. It was reported on Jun, 14 by Barchart.com. We have $23.68 PT which if reached, will make NYSE:WRD worth $205.92M less.

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. The company has market cap of $80.43 million. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. It currently has negative earnings.

The stock increased 0.75% or $0.01 during the last trading session, reaching $1.35. About 92,452 shares traded. Bellatrix Exploration Ltd. (TSE:BXE) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical BXE News: ; 08/05/2018 – BELLATRIX EXPLORATION LTD – QTRLY ADJUSTED FUNDS FLOW PER DILUTED SHARE $0.30; 13/03/2018 BELLATRIX EXPLORATION 4Q LOSS/SHR C$0.26, EST. LOSS/SHR C$0.24; 04/05/2018 – S&PGR Downgrade Bellatrix Exploration To ‘CCC+’ From ‘B’; 03/05/2018 – BELLATRIX EXPLORATION LTD BXE.TO : NATIONAL BANK OF CANADA CUTS TO UNDERPERFORM FROM SECTOR PERFORM; 09/05/2018 – Bellatrix Reports Voting Results From 2018 Annual and Special Meeting; 03/04/2018 – BELLATRIX EXPLORATION LTD – BELLATRIX IS REDUCING EXPECTED CAPITAL EXPENDITURE BUDGET TO A RANGE OF $55 TO $60 MLN FOR 2018; 13/03/2018 – Bellatrix Exploration 4Q Rev C$60.9M; 08/05/2018 – BELLATRIX EXPLORATION LTD – QTRLY NET LOSS PER DILUTED SHARE $0.26; 08/05/2018 – Bellatrix Exploration 1Q Loss/Shr C$0.26; 02/05/2018 – Bellatrix Announces Acquisition and Retirement of US$10 Million of Its Senior Unsecured Notes Due 2020

Another recent and important WildHorse Resource Development Corporation (NYSE:WRD) news was published by Investorplace.com which published an article titled: “5 Oil Stocks to Buy as Geopolitical Tensions Boost Oil Prices” on June 07, 2018.

Among 5 analysts covering WildHorse Resource Development (NYSE:WRD), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. WildHorse Resource Development had 5 analyst reports since January 10, 2017 according to SRatingsIntel. The firm has “Outperform” rating by Imperial Capital given on Friday, November 10. The stock of WildHorse Resource Development Corporation (NYSE:WRD) earned “Outperform” rating by Iberia Capital Partners on Wednesday, September 27. Citigroup initiated the stock with “Neutral” rating in Tuesday, January 10 report. Capital One initiated WildHorse Resource Development Corporation (NYSE:WRD) on Tuesday, January 10 with “Overweight” rating. The rating was initiated by Raymond James with “Strong Buy” on Wednesday, January 11.

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 $2.57 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 80.44 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.

Analysts await WildHorse Resource Development Corporation (NYSE:WRD) to report earnings on August, 8. They expect $0.40 earnings per share, up 566.67% or $0.34 from last year’s $0.06 per share. WRD’s profit will be $40.00M for 16.09 P/E if the $0.40 EPS becomes a reality. After $0.45 actual earnings per share reported by WildHorse Resource Development Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

WildHorse Resource Development Corporation (NYSE:WRD) Ratings Chart

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