FY2017 EPS Estimates for Wildhorse Resource Development Corporation (WRD) Lifted by Analyst

Wildhorse Resource Development Corporation (NYSE:WRD) – Investment analysts at Imperial Capital raised their FY2017 earnings per share estimates for shares of Wildhorse Resource Development Corporation in a research note issued on Thursday. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.31. Imperial Capital currently has a “Outperform” rating and a $22.00 target price on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development Corporation’s FY2018 earnings at $0.68 EPS.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. ValuEngine lowered shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Iberia Capital assumed coverage on shares of Wildhorse Resource Development Corporation in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. Scotiabank set a $19.00 price objective on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC reiterated an “overweight” rating and set a $19.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.00.

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Shares of Wildhorse Resource Development Corporation (NYSE WRD) opened at 12.43 on Monday. The stock has a market cap of $1.23 billion and a PE ratio of 34.53. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $12.31.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $70.20 million for the quarter, compared to analyst estimates of $68.03 million. The firm’s quarterly revenue was up 136.4% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its stake in Wildhorse Resource Development Corporation by 11.2% during the 1st quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock valued at $291,000 after purchasing an additional 2,358 shares in the last quarter. Nationwide Fund Advisors increased its stake in Wildhorse Resource Development Corporation by 17.5% during the 1st quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock valued at $377,000 after purchasing an additional 4,511 shares in the last quarter. Voya Investment Management LLC acquired a new position in Wildhorse Resource Development Corporation during the 2nd quarter valued at approximately $124,000. FIL Ltd increased its stake in Wildhorse Resource Development Corporation by 8.2% during the 2nd quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock valued at $1,811,000 after purchasing an additional 11,053 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Wildhorse Resource Development Corporation during the 1st quarter valued at approximately $156,000. Institutional investors and hedge funds own 93.95% of the company’s stock.

About Wildhorse Resource Development Corporation

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 mu

Wildhorse Resource Development Corporation (NYSE:WRD) – Investment analysts at Imperial Capital raised their FY2017 earnings per share estimates for shares of Wildhorse Resource Development Corporation in a research note issued on Thursday. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.31. Imperial Capital currently has a “Outperform” rating and a $22.00 target price on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development Corporation’s FY2018 earnings at $0.68 EPS.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. ValuEngine lowered shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Iberia Capital assumed coverage on shares of Wildhorse Resource Development Corporation in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price objective for the company. Scotiabank set a $19.00 price objective on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC reiterated an “overweight” rating and set a $19.00 price objective on shares of Wildhorse Resource Development Corporation in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.00.

ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Wildhorse Resource Development Corporation (WRD) Lifted by Analyst” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/fy2017-eps-estimates-for-wildhorse-resource-development-corporation-wrd-lifted-by-analyst.html.

Shares of Wildhorse Resource Development Corporation (NYSE WRD) opened at 12.43 on Monday. The stock has a market cap of $1.23 billion and a PE ratio of 34.53. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $12.31.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $70.20 million for the quarter, compared to analyst estimates of $68.03 million. The firm’s quarterly revenue was up 136.4% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its stake in Wildhorse Resource Development Corporation by 11.2% during the 1st quarter. Sei Investments Co. now owns 23,375 shares of the oil and natural gas company’s stock valued at $291,000 after purchasing an additional 2,358 shares in the last quarter. Nationwide Fund Advisors increased its stake in Wildhorse Resource Development Corporation by 17.5% during the 1st quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock valued at $377,000 after purchasing an additional 4,511 shares in the last quarter. Voya Investment Management LLC acquired a new position in Wildhorse Resource Development Corporation during the 2nd quarter valued at approximately $124,000. FIL Ltd increased its stake in Wildhorse Resource Development Corporation by 8.2% during the 2nd quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock valued at $1,811,000 after purchasing an additional 11,053 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Wildhorse Resource Development Corporation during the 1st quarter valued at approximately $156,000. Institutional investors and hedge funds own 93.95% of the company’s stock.

About Wildhorse Resource Development Corporation

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.

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

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