Wildhorse Resource Development Corp (NYSE:WRD) – Stock analysts at Capital One Financial boosted their FY2019 earnings estimates for shares of Wildhorse Resource Development in a report issued on Tuesday, November 6th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $2.21 for the year, up from their prior forecast of $2.06. Capital One Financial currently has a “Equal Weight” rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Piper Jaffray Companies set a $41.00 price objective on shares of Wildhorse Resource Development and gave the company a “buy” rating in a report on Saturday, August 11th. SunTrust Banks upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, August 8th. They noted that the move was a valuation call. Imperial Capital decreased their price objective on shares of Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday. Finally, ValuEngine downgraded shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Wildhorse Resource Development currently has an average rating of “Buy” and an average price target of $28.10.

Shares of WRD opened at $22.17 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 15.82 and a beta of 0.08. Wildhorse Resource Development has a 1-year low of $14.38 and a 1-year high of $29.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.36.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). The firm had revenue of $259.50 million for the quarter, compared to analyst estimates of $226.05 million. Wildhorse Resource Development had a positive return on equity of 14.05% and a negative net margin of 11.80%. Wildhorse Resource Development’s quarterly revenue was up 111.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share.

Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new position in shares of Wildhorse Resource Development in the second quarter valued at $1,950,000. Capital Fund Management S.A. acquired a new position in shares of Wildhorse Resource Development in the second quarter valued at about $439,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Wildhorse Resource Development by 366.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 75,541 shares of the oil and natural gas company’s stock valued at $1,915,000 after acquiring an additional 59,343 shares in the last quarter. Sei Investments Co. grew its stake in shares of Wildhorse Resource Development by 503.5% in the second quarter. Sei Investments Co. now owns 80,157 shares of the oil and natural gas company’s stock valued at $2,032,000 after acquiring an additional 66,876 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Wildhorse Resource Development by 2,494.0% in the second quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 48,434 shares in the last quarter. Hedge funds and other institutional investors own 96.68% of the company’s stock.

Wildhorse Resource Development Company Profile

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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