Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Imperial Capital boosted their FY2017 earnings estimates for shares of Wildhorse Resource Development in a research note issued to investors on Tuesday. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will post earnings per share of $0.46 for the year, up from their previous forecast of $0.36. Imperial Capital currently has a “Outperform” rating and a $31.00 price objective on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development’s Q4 2017 earnings at $0.27 EPS.

Other equities analysts have also issued reports about the company. Barclays boosted their price target on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. ValuEngine raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Bank of America boosted their price target on Wildhorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets set a $21.00 price target on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $31.00 price target on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Wildhorse Resource Development currently has an average rating of “Buy” and an average target price of $22.78.

Wildhorse Resource Development (WRD) opened at $16.97 on Wednesday. The company has a market capitalization of $1,674.38, a P/E ratio of 76.82, a P/E/G ratio of 0.32 and a beta of -0.48. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. Wildhorse Resource Development has a 52-week low of $10.36 and a 52-week high of $21.43.

Institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC acquired a new position in shares of Wildhorse Resource Development in the 2nd quarter valued at approximately $124,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Wildhorse Resource Development in the 3rd quarter valued at approximately $186,000. The Manufacturers Life Insurance Company acquired a new position in shares of Wildhorse Resource Development in the 2nd quarter valued at approximately $197,000. New York State Common Retirement Fund acquired a new position in shares of Wildhorse Resource Development in the 2nd quarter valued at approximately $212,000. Finally, Paloma Partners Management Co acquired a new position in shares of Wildhorse Resource Development in the 4th quarter valued at approximately $215,000. 95.28% of the stock is currently owned by institutional investors.

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About Wildhorse Resource Development

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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