Wildhorse Resource Development Corp (NYSE:WRD) – Capital One Financial upped their Q4 2017 earnings per share (EPS) estimates for shares of Wildhorse Resource Development in a research note issued to investors on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.15 per share for the quarter, up from their prior forecast of $0.13. Capital One Financial also issued estimates for Wildhorse Resource Development’s Q1 2018 earnings at $0.21 EPS.

Several other brokerages have also issued reports on WRD. Piper Jaffray Companies reissued a “buy” rating and set a $23.00 target price on shares of Wildhorse Resource Development in a research note on Wednesday, November 22nd. BMO Capital Markets set a $21.00 target price on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. ValuEngine raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Barclays increased their target price on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.33.

Wildhorse Resource Development (NYSE:WRD) opened at $16.55 on Wednesday. The stock has a market cap of $1,725.98, a price-to-earnings ratio of 75.23, a P/E/G ratio of 0.35 and a beta of -0.48. Wildhorse Resource Development has a 12 month low of $10.36 and a 12 month high of $21.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The firm’s quarterly revenue was up 269.0% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of Wildhorse Resource Development by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock valued at $1,586,000 after buying an additional 5,019 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Wildhorse Resource Development by 20.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,547 shares of the oil and natural gas company’s stock valued at $473,000 after buying an additional 5,950 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Wildhorse Resource Development by 40.7% in the third quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock valued at $328,000 after buying an additional 7,110 shares in the last quarter. Swiss National Bank lifted its stake in shares of Wildhorse Resource Development by 19.7% in the fourth quarter. Swiss National Bank now owns 46,800 shares of the oil and natural gas company’s stock valued at $862,000 after buying an additional 7,700 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of Wildhorse Resource Development in the second quarter valued at $124,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/02/08/wildhorse-resource-development-corp-wrd-to-post-q4-2017-earnings-of-0-15-per-share-capital-one-financial-forecasts.html.

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.

Receive News & Ratings for Wildhorse Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.