Wildhorse Resource Development Corp (NYSE:WRD) – Stock analysts at Capital One Financial lifted their FY2017 earnings per share (EPS) estimates for shares of Wildhorse Resource Development in a research report issued to clients and investors on Tuesday. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of $0.32 per share for the year, up from their previous forecast of $0.30. Capital One Financial also issued estimates for Wildhorse Resource Development’s FY2018 earnings at $0.97 EPS.
Several other equities analysts also recently issued reports on WRD. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 price objective on shares of Wildhorse Resource Development in a research report on Sunday, October 22nd. BMO Capital Markets set a $21.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, Barclays boosted their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Wildhorse Resource Development currently has an average rating of “Buy” and a consensus target price of $20.33.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. The company’s revenue was up 269.0% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in WRD. Janus Henderson Group PLC bought a new stake in shares of Wildhorse Resource Development during the third quarter worth $5,801,000. Ameriprise Financial Inc. raised its position in shares of Wildhorse Resource Development by 503.1% during the second quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock worth $5,430,000 after acquiring an additional 366,168 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Wildhorse Resource Development by 13.9% during 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 acquiring an additional 203,933 shares during the last quarter. State Street Corp raised its position in shares of Wildhorse Resource Development by 97.5% during the second quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock worth $4,411,000 after acquiring an additional 176,082 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Wildhorse Resource Development by 243.7% during 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 acquiring an additional 165,626 shares during the last quarter. Institutional investors own 95.78% 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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