Wildhorse Resource Development Corporation (NYSE:WRD) – Capital One Financial Corporation increased their FY2017 earnings estimates for shares of Wildhorse Resource Development Corporation in a note issued to investors on Thursday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $0.28 for the year, up from their previous estimate of $0.26.

A number of other research analysts also recently issued reports on the company. Bank of America Corporation began coverage on Wildhorse Resource Development Corporation in a research note on Wednesday, July 19th. They issued a “buy” rating and a $16.00 price objective for the company. Barclays PLC restated an “overweight” rating and issued a $19.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. Imperial Capital began coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $22.00 price target for the company. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets set a $17.00 price target on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $19.42.

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Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at $15.97 on Monday. The company has a market capitalization of $1,615.70 and a price-to-earnings ratio of 114.07. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.58 and a quick ratio of 0.58.

Wildhorse Resource Development Corporation (NYSE:WRD) last issued its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.26% and a net margin of 8.88%. The firm’s revenue was up 269.0% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in WRD. Voya Investment Management LLC purchased a new stake in shares of Wildhorse Resource Development Corporation in the 2nd quarter valued at about $124,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wildhorse Resource Development Corporation in the 3rd quarter valued at about $186,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Wildhorse Resource Development Corporation in the 2nd quarter valued at about $197,000. New York State Common Retirement Fund purchased a new stake in shares of Wildhorse Resource Development Corporation in the 2nd quarter valued at about $212,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Wildhorse Resource Development Corporation by 559.2% in the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock valued at $216,000 after acquiring an additional 14,835 shares in the last quarter. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

Wildhorse Resource Development Corporation 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.

Earnings History and Estimates for Wildhorse Resource Development Corporation (NYSE:WRD)

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