Capital One Financial Comments on Wildhorse Resource Development Corp’s FY2019 Earnings (NYSE:WRD)

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Wildhorse Resource Development Corp (NYSE:WRD) – Stock analysts at Capital One Financial boosted their FY2019 earnings per share estimates for Wildhorse Resource Development in a note issued to investors on Tuesday, September 18th, according to Zacks Investment Research. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will earn $2.08 per share for the year, up from their previous estimate of $2.07.

Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.11). Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. The firm had revenue of $225.41 million during the quarter, compared to analysts’ expectations of $204.16 million.

Several other equities research analysts have also recently commented on WRD. Seaport Global Securities initiated coverage on Wildhorse Resource Development in a research note on Wednesday, June 20th. They set a “buy” rating and a $37.00 price target for the company. SunTrust Banks initiated coverage on Wildhorse Resource Development in a research note on Thursday, July 19th. They set a “hold” rating and a $26.00 price target for the company. Zacks Investment Research upgraded Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, July 27th. Finally, Piper Jaffray Companies set a $41.00 price target on Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Wildhorse Resource Development has a consensus rating of “Buy” and a consensus target price of $27.00.

Shares of Wildhorse Resource Development stock traded up $0.75 during trading hours on Friday, hitting $23.59. 1,073,951 shares of the company were exchanged, compared to its average volume of 1,153,618. Wildhorse Resource Development has a 1 year low of $11.95 and a 1 year high of $29.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $2.41 billion, a PE ratio of 54.86 and a beta of -1.10.

Hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in Wildhorse Resource Development during the second quarter worth $1,950,000. Capital Fund Management S.A. acquired a new position in Wildhorse Resource Development during the second quarter worth $439,000. Dynamic Technology Lab Private Ltd grew its holdings in Wildhorse Resource Development by 366.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 75,541 shares of the oil and natural gas company’s stock worth $1,915,000 after acquiring an additional 59,343 shares during the period. Sei Investments Co. grew its holdings in Wildhorse Resource Development by 503.5% during the second quarter. Sei Investments Co. now owns 80,157 shares of the oil and natural gas company’s stock worth $2,032,000 after acquiring an additional 66,876 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Wildhorse Resource Development by 47.4% during the first quarter. Wells Fargo & Company MN now owns 79,691 shares of the oil and natural gas company’s stock worth $1,522,000 after acquiring an additional 25,613 shares during the period. 95.94% of the stock is currently owned by hedge funds and other institutional investors.

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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