WildHorse Resource Development Co. (NYSE:WRD) – Equities researchers at Piper Jaffray Companies upped their FY2018 earnings estimates for shares of WildHorse Resource Development in a research report issued to clients and investors on Sunday, May 20th. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and natural gas company will post earnings per share of $2.12 for the year, up from their prior forecast of $1.72. Piper Jaffray Companies has a “Buy” rating and a $31.00 price target on the stock. Piper Jaffray Companies also issued estimates for WildHorse Resource Development’s Q4 2018 earnings at $0.63 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $2.80 EPS.
WildHorse Resource Development (NYSE:WRD) last released its quarterly earnings data on Wednesday, May 9th. The oil and natural gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $218.80 million during the quarter, compared to analyst estimates of $183.24 million. WildHorse Resource Development had a negative net margin of 14.56% and a positive return on equity of 8.35%. WildHorse Resource Development’s revenue for the quarter was up 303.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS.
NYSE:WRD opened at $26.24 on Wednesday. The firm has a market capitalization of $2.73 billion, a PE ratio of 61.02, a P/E/G ratio of 0.32 and a beta of -0.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.38 and a quick ratio of 0.38. WildHorse Resource Development has a twelve month low of $10.36 and a twelve month high of $29.67.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new position in WildHorse Resource Development during the 1st quarter worth $566,000. Legal & General Group Plc boosted its holdings in WildHorse Resource Development by 53.7% during the 1st quarter. Legal & General Group Plc now owns 18,599 shares of the oil and natural gas company’s stock worth $355,000 after acquiring an additional 6,496 shares during the last quarter. Millennium Management LLC purchased a new position in WildHorse Resource Development during the 1st quarter worth $7,090,000. Point72 Asia Hong Kong Ltd purchased a new position in WildHorse Resource Development during the 1st quarter worth $184,000. Finally, Point72 Asset Management L.P. purchased a new position in WildHorse Resource Development during the 1st quarter worth $6,502,000.
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.
Receive News & Ratings for WildHorse Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WildHorse Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.