Wildhorse Resource Development Corporation (NYSE:WRD) – Equities researchers at Capital One Financial Corporation decreased their FY2018 earnings per share estimates for shares of Wildhorse Resource Development Corporation in a research note issued to investors on Wednesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of $0.42 for the year, down from their prior estimate of $0.46.

Several other equities analysts have also issued reports on WRD. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Monday, May 15th. Scotiabank reaffirmed a “buy” rating and set a $22.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Monday, June 5th. Citigroup Inc. cut their price target on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Zacks Investment Research lowered Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 15th. Finally, Bank of America Corporation started coverage on Wildhorse Resource Development Corporation in a research note on Wednesday, July 19th. They set a “buy” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Wildhorse Resource Development Corporation has an average rating of “Buy” and a consensus price target of $20.22.

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Wildhorse Resource Development Corporation (WRD) traded down 0.64% on Friday, reaching $10.84. The company had a trading volume of 77,701 shares. The company’s 50 day moving average price is $11.97 and its 200-day moving average price is $12.08. Wildhorse Resource Development Corporation has a 12 month low of $10.36 and a 12 month high of $16.48. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 30.11.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $70.20 million during the quarter, compared to analysts’ expectations of $68.03 million. The company’s revenue for the quarter was up 136.4% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. acquired a new stake in shares of Wildhorse Resource Development Corporation during the first quarter valued at about $20,619,000. JPMorgan Chase & Co. increased its stake in shares of Wildhorse Resource Development Corporation by 264.4% in the first quarter. JPMorgan Chase & Co. now owns 18,218 shares of the oil and natural gas company’s stock valued at $227,000 after buying an additional 13,218 shares during the period. Tealwood Asset Management Inc. acquired a new stake in shares of Wildhorse Resource Development Corporation during the second quarter valued at about $2,393,000. UBS Group AG acquired a new stake in shares of Wildhorse Resource Development Corporation during the first quarter valued at about $797,000. Finally, Nationwide Fund Advisors increased its stake in shares of Wildhorse Resource Development Corporation by 17.5% in the first quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock valued at $377,000 after buying an additional 4,511 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.

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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