Wildhorse Resource Development Corp (WRD) to Post Q1 2018 Earnings of $0.30 Per Share, Imperial Capital Forecasts

Wildhorse Resource Development Corp (NYSE:WRD) – Investment analysts at Imperial Capital issued their Q1 2018 earnings per share estimates for Wildhorse Resource Development in a note issued to investors on Tuesday. Imperial Capital analyst I. Haas anticipates that the oil and natural gas company will post earnings per share of $0.30 for the quarter. Imperial Capital currently has a “Outperform” rating and a $31.00 target price on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development’s Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.37 EPS.

A number of other equities research analysts have also weighed in on the company. Piper Jaffray Companies set a $31.00 price objective on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday. Bank of America boosted their price objective on Wildhorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup reduced their price objective on Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research report on Sunday, January 21st. Finally, ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.78.

Shares of Wildhorse Resource Development (NYSE WRD) opened at $16.97 on Thursday. The firm has a market capitalization of $1,677.42, a price-to-earnings ratio of 118.43, a P/E/G ratio of 0.31 and a beta of -0.48. Wildhorse Resource Development has a 52-week low of $10.36 and a 52-week 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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WRD. Voya Investment Management LLC bought a new stake in shares of Wildhorse Resource Development in the 2nd quarter valued at about $124,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Wildhorse Resource Development in the 3rd quarter valued at about $186,000. The Manufacturers Life Insurance Company bought a new stake in shares of Wildhorse Resource Development in the 2nd quarter valued at about $197,000. New York State Common Retirement Fund bought a new stake in shares of Wildhorse Resource Development in the 2nd quarter valued at about $212,000. Finally, Paloma Partners Management Co bought a new stake in shares of Wildhorse Resource Development in the 4th quarter valued at about $215,000. Hedge funds and other 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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