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

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

WildHorse Resource Development Co. (NYSE:WRD) – Equities research analysts at Piper Jaffray issued their Q1 2018 earnings estimates for WildHorse Resource Development in a research report issued to clients and investors on Wednesday, April 18th, according to Zacks Investment Research. Piper Jaffray analyst K. Harrison expects that the oil and natural gas company will earn $0.35 per share for the quarter. Piper Jaffray has a “Buy” rating and a $31.00 price objective on the stock. Piper Jaffray also issued estimates for WildHorse Resource Development’s Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.48 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.57 EPS and Q4 2019 earnings at $0.63 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Saturday, April 28th. Johnson Rice assumed coverage on shares of WildHorse Resource Development in a research note on Wednesday, March 21st. They issued a “buy” rating and a $27.00 price target on the stock. BMO Capital Markets lowered shares of WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research note on Tuesday, March 13th. Bank of America upped their price target on shares of WildHorse Resource Development from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Citigroup cut their price objective on shares of WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. WildHorse Resource Development has a consensus rating of “Buy” and a consensus price target of $23.80.

Shares of WildHorse Resource Development stock traded up $0.15 during trading on Monday, hitting $27.17. 816,713 shares of the stock were exchanged, compared to its average volume of 689,806. The firm has a market capitalization of $2.64 billion, a PE ratio of 63.19, a P/E/G ratio of 0.31 and a beta of -0.62. WildHorse Resource Development has a 1-year low of $10.36 and a 1-year high of $27.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.29 and a quick ratio of 0.29.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of WRD. Paloma Partners Management Co bought a new stake in shares of WildHorse Resource Development during the 4th quarter worth approximately $215,000. Virtu Financial LLC bought a new stake in shares of WildHorse Resource Development during the 4th quarter worth approximately $220,000. Engineers Gate Manager LP bought a new stake in shares of WildHorse Resource Development during the 1st quarter worth approximately $220,000. Invictus RG bought a new stake in shares of WildHorse Resource Development during the 4th quarter worth approximately $268,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of WildHorse Resource Development by 40.7% during the 3rd quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock worth $328,000 after acquiring an additional 7,110 shares during the period.

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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