Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Imperial Capital lowered their Q3 2018 earnings per share estimates for Wildhorse Resource Development in a research report issued on Friday, October 19th. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will earn $0.49 per share for the quarter, down from their previous forecast of $0.62. Imperial Capital also issued estimates for Wildhorse Resource Development’s FY2018 earnings at $1.94 EPS and FY2019 earnings at $2.32 EPS.

Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.11). The company had revenue of $225.41 million during the quarter, compared to the consensus estimate of $204.16 million. Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%.

A number of other analysts have also issued reports on the stock. Piper Jaffray Companies set a $41.00 price target on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 11th. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. Finally, SunTrust Banks upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, August 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Wildhorse Resource Development has a consensus rating of “Buy” and an average price target of $27.00.

Shares of NYSE:WRD opened at $22.00 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $2.24 billion, a P/E ratio of 51.16 and a beta of -1.09. Wildhorse Resource Development has a 12-month low of $11.95 and a 12-month high of $29.67.

A number of hedge funds have recently added to or reduced their stakes in WRD. Wells Fargo & Company MN increased its stake in Wildhorse Resource Development by 47.4% during the first quarter. Wells Fargo & Company MN now owns 79,691 shares of the oil and natural gas company’s stock valued at $1,522,000 after purchasing an additional 25,613 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Wildhorse Resource Development by 2.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 151,822 shares of the oil and natural gas company’s stock valued at $2,899,000 after purchasing an additional 3,671 shares during the last quarter. Northern Trust Corp increased its stake in Wildhorse Resource Development by 1.3% during the first quarter. Northern Trust Corp now owns 475,121 shares of the oil and natural gas company’s stock valued at $9,070,000 after purchasing an additional 5,975 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Wildhorse Resource Development by 44.8% during the first quarter. JPMorgan Chase & Co. now owns 239,668 shares of the oil and natural gas company’s stock valued at $4,575,000 after purchasing an additional 74,198 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Wildhorse Resource Development by 35.6% during the first quarter. New York State Common Retirement Fund now owns 52,900 shares of the oil and natural gas company’s stock valued at $1,010,000 after purchasing an additional 13,900 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

About Wildhorse Resource Development

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.

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Earnings History and Estimates for Wildhorse Resource Development (NYSE:WRD)

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