Initiated Overweight X

WRD WeRide

JP Morgan

$21

Initiated Overweight X

WRD WeRide

Morgan Stanley

$23

Downgrades Outperform Mkt Perform X

WRD WildHorse Resource Development

Wells Fargo

Reiterated Outperform X

WRD WildHorse Resource Development

Imperial Capital

$45 $42

Downgrades Strong Buy Outperform X

WRD WildHorse Resource Development

Raymond James

Initiated Hold X

WRD WildHorse Resource Development

SunTrust

$26

Initiated Buy X

WRD WildHorse Resource Development

Seaport Global Securities

$37

Initiated Buy X

WRD WildHorse Resource Development

Johnson Rice

$27

Reiterated Outperform X

WRD WildHorse Resource Development

Imperial Capital

$24 $31

WRD  WildHorse Resource Development Corporation

WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return. In Southeast Texas, it operates in Burleson, Lee and Washington Counties where it primarily targets the Eagle Ford Shale (Eagle Ford Acreage), which is an active shale trends in North America. In North Louisiana, the Company operates in and around the Terryville Complex, where it primarily targets the overpressured Cotton Valley play (North Louisiana Acreage). The Company's subsidiaries include WildHorse Resources II, LLC (WildHorse) and Esquisto and Acquisition Co.