Brokers Set Expectations for Wildhorse Resource Development Corp’s FY2017 Earnings (WRD)

Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Imperial Capital raised their FY2017 earnings per share (EPS) estimates for Wildhorse Resource Development in a note issued to investors on Tuesday. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will earn $0.46 per share for the year, up from their previous estimate of $0.36. Imperial Capital has a “Outperform” rating and a $31.00 price objective on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development’s Q4 2017 earnings at $0.27 EPS.

WRD has been the topic of a number of other research reports. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, November 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development in a report on Sunday, October 22nd. BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $22.56.

Wildhorse Resource Development (WRD) opened at $16.58 on Wednesday. Wildhorse Resource Development has a twelve month low of $10.36 and a twelve month high of $21.43. 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 firm has a market capitalization of $1,680.00 and a P/E ratio of 36.84.

Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Wildhorse Resource Development by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock worth $1,586,000 after buying an additional 5,019 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Wildhorse Resource Development by 20.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,547 shares of the oil and natural gas company’s stock worth $473,000 after buying an additional 5,950 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Wildhorse Resource Development by 27.5% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 30,326 shares of the oil and natural gas company’s stock worth $558,000 after buying an additional 6,540 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Wildhorse Resource Development by 40.7% in the 3rd quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock worth $328,000 after buying an additional 7,110 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Wildhorse Resource Development by 19.7% in the 4th quarter. Swiss National Bank now owns 46,800 shares of the oil and natural gas company’s stock worth $862,000 after buying an additional 7,700 shares during the last quarter. Institutional investors own 95.28% 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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