FY2018 EPS Estimates for Wildhorse Resource Development Corp Lifted by Capital One Financial (WRD)

Wildhorse Resource Development Corp (NYSE:WRD) – Capital One Financial increased their FY2018 EPS estimates for shares of Wildhorse Resource Development in a report issued on Wednesday. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will earn $0.57 per share for the year, up from their previous forecast of $0.42.

A number of other brokerages have also recently commented on WRD. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development in a research note on Sunday, October 22nd. BMO Capital Markets set a $21.00 target price on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Iberia Capital assumed coverage on shares of Wildhorse Resource Development in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.42.

Wildhorse Resource Development (NYSE:WRD) opened at $17.99 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1,820.00 and a price-to-earnings ratio of 39.98. Wildhorse Resource Development has a twelve month low of $10.36 and a twelve month high of $18.84.

Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. The company’s revenue was up 269.0% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC acquired a new position in shares of Wildhorse Resource Development during the second quarter valued at $124,000. Dynamic Technology Lab Private Ltd acquired a new stake in Wildhorse Resource Development during the 3rd quarter worth about $186,000. The Manufacturers Life Insurance Company acquired a new stake in Wildhorse Resource Development during the 2nd quarter worth about $197,000. New York State Common Retirement Fund acquired a new stake in Wildhorse Resource Development during the 2nd quarter worth about $212,000. Finally, Wells Fargo & Company MN boosted its position in Wildhorse Resource Development by 559.2% during the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after acquiring an additional 14,835 shares during the period. 95.73% of the stock is currently owned by institutional investors.

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Wildhorse Resource Development Company Profile

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.

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