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

Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Capital One Financial raised their FY2018 earnings per share (EPS) estimates for Wildhorse Resource Development in a research report issued to clients and investors on Wednesday. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings of $0.57 per share for the year, up from their prior forecast of $0.42.

WRD has been the subject of several other research reports. Zacks Investment Research raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Iberia Capital started coverage on shares of Wildhorse Resource Development in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $18.00 price objective on shares of Wildhorse Resource Development in a research note on Sunday, October 22nd. Imperial Capital reaffirmed an “outperform” rating on shares of Wildhorse Resource Development in a research note on Friday, November 10th. Finally, BMO Capital Markets set a $21.00 price objective on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wildhorse Resource Development presently has a consensus rating of “Buy” and a consensus price target of $20.42.

Wildhorse Resource Development (NYSE:WRD) traded down $0.22 during midday trading on Friday, hitting $18.14. 465,500 shares of the stock traded hands, compared to its average volume of 490,300. Wildhorse Resource Development has a one year low of $10.36 and a one year high of $18.84. 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 company has a market capitalization of $1,840.00 and a price-to-earnings ratio of 40.31.

Wildhorse Resource Development (NYSE:WRD) last posted 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 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 company had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. The company’s revenue for the quarter was up 269.0% on a year-over-year basis.

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in Wildhorse Resource Development in the 2nd quarter worth $317,000. B. Riley Financial Inc. purchased a new stake in shares of Wildhorse Resource Development in the 2nd quarter worth about $622,000. TIAA CREF Investment Management LLC grew its position in shares of Wildhorse Resource Development by 62.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 53,375 shares of the oil and natural gas company’s stock worth $660,000 after buying an additional 20,471 shares during the period. Vanguard Group Inc. grew its position in shares of Wildhorse Resource Development by 13.9% in the 2nd 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 during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Wildhorse Resource Development by 70.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock worth $1,097,000 after buying an additional 36,489 shares during the period. Institutional investors own 95.73% of the company’s stock.

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About Wildhorse Resource Development

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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