Capital One Financial Weighs in on Wildhorse Resource Development Corp’s Q2 2018 Earnings (WRD)

Wildhorse Resource Development Corp (NYSE:WRD) – Capital One Financial issued their Q2 2018 earnings estimates for shares of Wildhorse Resource Development in a report issued on Monday. Capital One Financial analyst B. Velie expects that the oil and natural gas company will post earnings per share of $0.21 for the quarter. Capital One Financial also issued estimates for Wildhorse Resource Development’s Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.29 EPS.

Several other brokerages have also commented on WRD. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Sunday, January 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Wildhorse Resource Development in a report on Tuesday, January 9th. ValuEngine raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Imperial Capital lifted their price objective on Wildhorse Resource Development from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Barclays lifted their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Wildhorse Resource Development presently has a consensus rating of “Buy” and an average target price of $21.33.

Shares of Wildhorse Resource Development (NYSE WRD) opened at $16.55 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. Wildhorse Resource Development has a fifty-two week low of $10.36 and a fifty-two week high of $21.43. The company has a market capitalization of $1,586.36, a price-to-earnings ratio of 112.00, a P/E/G ratio of 0.30 and a beta of -0.48.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Wildhorse Resource Development by 69.9% during the fourth quarter. BlackRock Inc. now owns 2,740,676 shares of the oil and natural gas company’s stock valued at $50,455,000 after purchasing an additional 1,127,889 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 valued at $20,665,000 after purchasing an additional 203,933 shares in the last quarter. Citadel Advisors LLC lifted its position in Wildhorse Resource Development by 22.2% during the third quarter. Citadel Advisors LLC now owns 471,671 shares of the oil and natural gas company’s stock valued at $6,283,000 after purchasing an additional 85,777 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Wildhorse Resource Development by 4.3% during the third quarter. Ameriprise Financial Inc. now owns 457,756 shares of the oil and natural gas company’s stock valued at $6,099,000 after purchasing an additional 18,811 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Wildhorse Resource Development during the third quarter valued at $5,801,000. Institutional investors own 95.28% of the company’s stock.

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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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