Equities Analysts Issue Forecasts for WildHorse Resource Development Co.’s Q1 2018 Earnings (WRD)

WildHorse Resource Development Co. (NYSE:WRD) – Capital One Financial increased their Q1 2018 earnings estimates for shares of WildHorse Resource Development in a note issued to investors on Thursday, April 12th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn $0.27 per share for the quarter, up from their prior forecast of $0.24.

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WildHorse Resource Development (NYSE:WRD) last announced its quarterly earnings data on Wednesday, March 7th. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. WildHorse Resource Development had a return on equity of 4.31% and a net margin of 11.68%. The company had revenue of $180.24 million during the quarter, compared to the consensus estimate of $166.94 million. During the same quarter last year, the company earned ($0.11) EPS. The company’s quarterly revenue was up 359.1% on a year-over-year basis.

A number of other analysts also recently commented on the company. Johnson Rice assumed coverage on WildHorse Resource Development in a research report on Wednesday, March 21st. They issued a “buy” rating and a $27.00 price objective for the company. BMO Capital Markets downgraded WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research report on Tuesday, March 13th. Piper Jaffray set a $31.00 price objective on WildHorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Bank of America raised their price objective on WildHorse Resource Development from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Citigroup reduced their price objective on WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.10.

Shares of WRD stock opened at $23.44 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.67. WildHorse Resource Development has a 12 month low of $10.36 and a 12 month high of $23.47. The company has a market capitalization of $2,236.90, a price-to-earnings ratio of 54.51, a PEG ratio of 0.30 and a beta of -0.25.

Several institutional investors have recently bought and sold shares of the stock. Ashburton Jersey Ltd lifted its position in shares of WildHorse Resource Development by 58.5% during the 4th quarter. Ashburton Jersey Ltd now owns 88,465 shares of the oil and natural gas company’s stock worth $1,629,000 after buying an additional 32,665 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of WildHorse Resource Development during the 4th quarter worth approximately $438,000. Nokomis Capital L.L.C. lifted its position in shares of WildHorse Resource Development by 135.5% during the 4th 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 buying an additional 244,855 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of WildHorse Resource Development by 83.0% during the 4th 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 buying an additional 44,318 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of WildHorse Resource Development by 135.7% during the 4th quarter. Teachers Advisors LLC now owns 87,009 shares of the oil and natural gas company’s stock worth $1,602,000 after buying an additional 50,096 shares during the period.

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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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