Wildhorse Resource Development Corp (NYSE:WRD) – Equities research analysts at Capital One Financial upped their FY2017 earnings per share estimates for Wildhorse Resource Development in a report issued on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.32 per share for the year, up from their prior estimate of $0.30. Capital One Financial also issued estimates for Wildhorse Resource Development’s FY2018 earnings at $0.97 EPS.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 24th. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Barclays boosted their price objective on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $23.00 price objective on shares of Wildhorse Resource Development in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.33.
Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development’s quarterly revenue was up 269.0% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. lifted its holdings in 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 valued at $558,000 after purchasing an additional 6,540 shares in the last quarter. Swiss National Bank lifted its holdings in 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 valued at $862,000 after purchasing an additional 7,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Wildhorse Resource Development by 115.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 148,151 shares of the oil and natural gas company’s stock valued at $2,728,000 after purchasing an additional 79,285 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Wildhorse Resource Development in the 3rd quarter valued at about $454,000. Finally, Janus Henderson Group PLC purchased a new position in Wildhorse Resource Development in the 3rd quarter valued at about $5,801,000. Institutional investors 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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