Research Analysts Offer Predictions for Wildhorse Resource Development Corp’s FY2017 Earnings (NYSE:WRD)

Wildhorse Resource Development Corp (NYSE:WRD) – Equities research analysts at Imperial Capital lowered their FY2017 EPS estimates for Wildhorse Resource Development in a research note issued to investors on Wednesday, Zacks Investment Research reports. Imperial Capital analyst I. Haas now forecasts that the oil and natural gas company will post earnings per share of $0.35 for the year, down from their previous forecast of $0.36. Imperial Capital has a “Outperform” rating on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development’s Q4 2017 earnings at $0.17 EPS.

A number of other brokerages have also recently commented on WRD. Barclays raised 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 note on Monday, November 20th. Zacks Investment Research raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BMO Capital Markets set a $17.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, October 10th. ValuEngine raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $23.00 price objective on shares of Wildhorse Resource Development in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wildhorse Resource Development presently has an average rating of “Buy” and a consensus target price of $20.30.

Shares of Wildhorse Resource Development (NYSE WRD) traded up $0.10 during trading hours on Friday, reaching $20.04. 1,367,376 shares of the company traded hands, compared to its average volume of 697,092. Wildhorse Resource Development has a one year low of $10.36 and a one year 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. The firm has a market cap of $2,017.35 and a P/E ratio of 91.10.

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

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Wildhorse Resource Development during the 3rd quarter valued at approximately $454,000. Janus Henderson Group PLC purchased a new position in shares of Wildhorse Resource Development during the 3rd quarter valued at approximately $5,801,000. Castleton Investment Management LLC purchased a new position in shares of Wildhorse Resource Development during the 3rd quarter valued at approximately $799,000. Wells Fargo & Company MN lifted its position in shares of Wildhorse Resource Development by 40.7% during the 3rd 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. Finally, Citadel Advisors LLC lifted its position in shares of Wildhorse Resource Development by 22.2% during the 3rd quarter. Citadel Advisors LLC now owns 471,671 shares of the oil and natural gas company’s stock valued at $6,283,000 after buying an additional 85,777 shares in the last quarter. Hedge funds and other institutional investors own 95.73% 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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