WildHorse Resource Development Co. (NYSE:WRD) – Analysts at Piper Jaffray upped their FY2018 earnings per share estimates for shares of WildHorse Resource Development in a note issued to investors on Wednesday, April 18th. Piper Jaffray analyst K. Harrison now anticipates that the oil and natural gas company will post earnings per share of $1.72 for the year, up from their prior estimate of $1.54. Piper Jaffray currently has a “Buy” rating and a $31.00 price objective on the stock. Piper Jaffray also issued estimates for WildHorse Resource Development’s FY2019 earnings at $2.22 EPS.
WildHorse Resource Development (NYSE:WRD) last posted its earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. WildHorse Resource Development had a return on equity of 4.31% and a net margin of 11.68%. The firm had revenue of $180.24 million for the quarter, compared to analysts’ expectations of $166.94 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 359.1% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the company. Johnson Rice started coverage on WildHorse Resource Development in a research note on Wednesday, March 21st. They set a “buy” rating and a $27.00 target price on the stock. Bank of America boosted their target price on WildHorse Resource Development from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. ValuEngine raised WildHorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BMO Capital Markets cut WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research note on Tuesday, March 13th. Finally, Citigroup reduced their target price on WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $23.10.
WRD opened at $24.91 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.29 and a current ratio of 0.29. WildHorse Resource Development has a 52-week low of $10.36 and a 52-week high of $25.07. The company has a market cap of $2,458.46, a PE ratio of 59.27, a price-to-earnings-growth ratio of 0.32 and a beta of -0.23.
Institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co bought a new stake in WildHorse Resource Development in the fourth quarter worth $215,000. Virtu Financial LLC bought a new stake in WildHorse Resource Development in the fourth quarter worth $220,000. Invictus RG bought a new stake in WildHorse Resource Development in the fourth quarter worth $268,000. MetLife Investment Advisors LLC bought a new stake in WildHorse Resource Development in the fourth quarter worth $438,000. Finally, Wells Fargo & Company MN boosted its holdings in WildHorse Resource Development by 40.7% in the third 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 in the last quarter.
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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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