Capital One Financial cut shares of Wildhorse Resource Development (NYSE:WRD) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday morning. Capital One Financial also issued estimates for Wildhorse Resource Development’s FY2019 earnings at $2.21 EPS.
A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Wildhorse Resource Development from a hold rating to a strong sell rating in a research report on Thursday, September 27th. Piper Jaffray Companies set a $41.00 price objective on Wildhorse Resource Development and gave the stock a buy rating in a research report on Saturday, August 11th. SunTrust Banks upgraded Wildhorse Resource Development from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Wildhorse Resource Development from a hold rating to a sell rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $28.10.
NYSE:WRD opened at $22.17 on Tuesday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 51.56 and a beta of 0.08. Wildhorse Resource Development has a 1 year low of $14.38 and a 1 year high of $29.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92.
Wildhorse Resource Development (NYSE:WRD) last posted its earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The company had revenue of $259.50 million for the quarter, compared to analysts’ expectations of $226.05 million. Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%. The company’s revenue was up 111.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. On average, analysts predict that Wildhorse Resource Development will post 1.86 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of WRD. Russell Investments Group Ltd. purchased a new stake in Wildhorse Resource Development during the first quarter valued at about $126,000. Meeder Asset Management Inc. purchased a new stake in Wildhorse Resource Development during the second quarter valued at about $186,000. Advisors Asset Management Inc. raised its position in Wildhorse Resource Development by 372.2% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock valued at $233,000 after purchasing an additional 7,229 shares in the last quarter. Telemus Capital LLC purchased a new stake in Wildhorse Resource Development during the second quarter valued at about $254,000. Finally, Penn Mutual Life Insurance Co purchased a new stake in Wildhorse Resource Development during the second quarter valued at about $264,000. Institutional investors own 96.68% of the company’s stock.
Wildhorse Resource Development Company Profile
WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.
Recommended Story: Bond
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.