Wildhorse Resource Development Corporation (NYSE:WRD) – Equities research analysts at Capital One Financial Corporation decreased their FY2017 earnings per share (EPS) estimates for Wildhorse Resource Development Corporation in a note issued to investors on Thursday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of $0.25 for the year, down from their previous forecast of $0.42. Capital One Financial Corporation also issued estimates for Wildhorse Resource Development Corporation’s Q4 2017 earnings at $0.08 EPS and FY2018 earnings at $0.41 EPS.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its quarterly earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $70.20 million for the quarter, compared to the consensus estimate of $68.03 million. The business’s quarterly revenue was up 136.4% compared to the same quarter last year.

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WRD has been the topic of several other reports. Scotiabank set a $19.00 price objective on shares of Wildhorse Resource Development Corporation and gave the company a “buy” rating in a report on Wednesday, August 9th. Bank of America Corporation assumed coverage on shares of Wildhorse Resource Development Corporation in a report on Wednesday, July 19th. They set a “buy” rating and a $16.00 price objective on the stock. Citigroup Inc. decreased their price objective on shares of Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price objective on shares of Wildhorse Resource Development Corporation in a report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.22.

Shares of Wildhorse Resource Development Corporation (WRD) opened at 12.31 on Monday. The company has a market capitalization of $1.24 billion and a P/E ratio of 32.39. The firm has a 50-day moving average of $12.37 and a 200-day moving average of $12.39. Wildhorse Resource Development Corporation has a one year low of $10.36 and a one year high of $16.48.

In other news, CEO Jay Carlton Graham acquired 52,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average cost of $12.09 per share, for a total transaction of $628,680.00. Following the completion of the transaction, the chief executive officer now owns 841,076 shares in the company, valued at $10,168,608.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Anthony Franklin Bahr acquired 143,526 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of $12.67 per share, with a total value of $1,818,474.42. Following the completion of the transaction, the president now owns 603,289 shares of the company’s stock, valued at approximately $7,643,671.63. The disclosure for this purchase can be found here. Insiders bought 322,217 shares of company stock valued at $4,019,583 over the last quarter. Company insiders own 2.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. bought a new stake in shares of Wildhorse Resource Development Corporation during the second quarter worth $622,000. Parametric Portfolio Associates LLC bought a new stake in shares of Wildhorse Resource Development Corporation during the second quarter worth $228,000. FIL Ltd boosted its stake in shares of Wildhorse Resource Development Corporation by 8.2% in the second quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock worth $1,811,000 after buying an additional 11,053 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Wildhorse Resource Development Corporation by 13.9% in the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock worth $20,665,000 after buying an additional 203,933 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Wildhorse Resource Development Corporation by 243.7% in the second quarter. Northern Trust Corp now owns 233,593 shares of the oil and natural gas company’s stock worth $2,890,000 after buying an additional 165,626 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About 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.

Earnings History and Estimates for Wildhorse Resource Development Corporation (NYSE:WRD)

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