Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Capital One Financial increased their FY2017 earnings per share (EPS) estimates for Wildhorse Resource Development in a report released on Tuesday. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will earn $0.32 per share for the year, up from their previous estimate of $0.30. Capital One Financial also issued estimates for Wildhorse Resource Development’s FY2018 earnings at $0.97 EPS.

Wildhorse Resource Development (NYSE:WRD) last announced its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a negative return on equity of 6.06% and a negative net margin of 8.82%. The company had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. The company’s quarterly revenue was up 269.0% compared to the same quarter last year.

A number of other brokerages also recently commented on WRD. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Sunday, January 21st. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 price objective on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, Barclays raised their price objective 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Wildhorse Resource Development currently has a consensus rating of “Buy” and an average price target of $20.33.

Shares of Wildhorse Resource Development (WRD) opened at $16.04 on Thursday. 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 52-week low of $10.36 and a 52-week high of $21.43. The company has a market capitalization of $1,752.29, a P/E ratio of 72.91, a price-to-earnings-growth ratio of 0.35 and a beta of -0.48.

Several institutional investors have recently bought and sold shares of WRD. Janus Henderson Group PLC bought a new position in shares of Wildhorse Resource Development during the 3rd quarter worth approximately $5,801,000. Ameriprise Financial Inc. lifted its position in shares of Wildhorse Resource Development by 503.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock worth $5,430,000 after buying an additional 366,168 shares during the period. Vanguard Group Inc. lifted its position in shares of Wildhorse Resource Development by 13.9% during 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. State Street Corp lifted its position in shares of Wildhorse Resource Development by 97.5% during the 2nd quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock worth $4,411,000 after buying an additional 176,082 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Wildhorse Resource Development by 243.7% during the 2nd quarter. Northern Trust Corp now owns 233,593 shares of the oil and natural gas company’s stock worth $2,890,000 after buying an additional 165,626 shares during the period. Institutional investors and hedge funds own 95.78% 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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