Capital One Financial Corporation Weighs in on Wildhorse Resource Development Corporation’s FY2017 Earnings (WRD)

Wildhorse Resource Development Corporation (NYSE:WRD) – Analysts at Capital One Financial Corporation raised their FY2017 EPS estimates for Wildhorse Resource Development Corporation in a research report issued on Thursday. Capital One Financial Corporation analyst B. Velie now expects that the oil and natural gas company will post earnings of $0.28 per share for the year, up from their previous forecast of $0.26.

Several other research firms also recently issued reports on WRD. Zacks Investment Research downgraded shares of Wildhorse Resource Development Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. Imperial Capital reiterated an “outperform” rating on shares of Wildhorse Resource Development Corporation in a research note on Friday, November 10th. BMO Capital Markets reiterated a “buy” rating and set a $21.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Sunday, October 22nd. Finally, Iberia Capital assumed coverage on shares of Wildhorse Resource Development Corporation in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. 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 given a strong buy rating to the company. Wildhorse Resource Development Corporation presently has a consensus rating of “Buy” and an average target price of $19.75.

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Shares of Wildhorse Resource Development Corporation (NYSE WRD) opened at $14.82 on Monday. 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 Corporation has a 52 week low of $10.36 and a 52 week high of $16.48. The stock has a market cap of $1,615.70 and a P/E ratio of 114.07.

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

Several hedge funds and other institutional investors have recently bought and sold shares of WRD. Voya Investment Management LLC acquired a new position in shares of Wildhorse Resource Development Corporation during the second quarter worth $124,000. Dynamic Technology Lab Private Ltd acquired a new stake in Wildhorse Resource Development Corporation in the third quarter valued at $186,000. The Manufacturers Life Insurance Company acquired a new stake in Wildhorse Resource Development Corporation in the second quarter valued at $197,000. New York State Common Retirement Fund acquired a new stake in Wildhorse Resource Development Corporation in the second quarter valued at $212,000. Finally, Wells Fargo & Company MN raised its holdings in Wildhorse Resource Development Corporation by 559.2% in the second 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. 93.12% of the stock is currently owned by institutional investors and hedge funds.

About Wildhorse Resource Development Corporation

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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