Wildhorse Resource Development Corp (NYSE:WRD) – Imperial Capital issued their Q1 2018 earnings per share (EPS) estimates for shares of Wildhorse Resource Development in a report issued on Tuesday. Imperial Capital analyst I. Haas forecasts that the oil and natural gas company will post earnings of $0.30 per share for the quarter. 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 Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.37 EPS.

WRD has been the topic of a number of other research reports. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, November 10th. Piper Jaffray Companies restated a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development in a report on Sunday, October 22nd. Finally, Citigroup reduced their target price on Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.78.

Wildhorse Resource Development (NYSE WRD) opened at $16.97 on Thursday. 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 1-year low of $10.36 and a 1-year high of $21.43. The stock has a market capitalization of $1,677.42, a PE ratio of 118.43, a price-to-earnings-growth ratio of 0.31 and a beta of -0.48.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nokomis Capital L.L.C. raised its position in shares of Wildhorse Resource Development by 135.5% during the fourth quarter. Nokomis Capital L.L.C. now owns 425,591 shares of the oil and natural gas company’s stock worth $7,835,000 after purchasing an additional 244,855 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Wildhorse Resource Development by 83.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 97,693 shares of the oil and natural gas company’s stock worth $1,799,000 after purchasing an additional 44,318 shares during the period. Teachers Advisors LLC raised its position in shares of Wildhorse Resource Development by 135.7% during the fourth quarter. Teachers Advisors LLC now owns 87,009 shares of the oil and natural gas company’s stock worth $1,602,000 after purchasing an additional 50,096 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Wildhorse Resource Development during the fourth quarter worth about $215,000. Finally, Raymond James & Associates raised its position in shares of Wildhorse Resource Development by 4.0% during the fourth quarter. Raymond James & Associates now owns 177,575 shares of the oil and natural gas company’s stock worth $3,269,000 after purchasing an additional 6,829 shares during the period. 95.28% of the stock is currently owned by institutional investors.

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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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