SunTrust Banks Analysts Lift Earnings Estimates for Wildhorse Resource Development Corp (WRD)

Wildhorse Resource Development Corp (NYSE:WRD) – Investment analysts at SunTrust Banks lifted their Q3 2018 earnings per share (EPS) estimates for shares of Wildhorse Resource Development in a report released on Monday, October 22nd. SunTrust Banks analyst W. Fitzpatrick now forecasts that the oil and natural gas company will earn $0.48 per share for the quarter, up from their previous forecast of $0.44. SunTrust Banks has a “Buy” rating and a $26.00 price objective on the stock. SunTrust Banks also issued estimates for Wildhorse Resource Development’s Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $1.92 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $2.26 EPS, Q1 2020 earnings at $0.66 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.73 EPS and FY2020 earnings at $2.81 EPS.

A number of other research analysts have also commented on WRD. Zacks Investment Research raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, July 27th. Piper Jaffray Companies set a $41.00 price objective on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Wildhorse Resource Development presently has a consensus rating of “Buy” and a consensus target price of $27.00.



Wildhorse Resource Development stock opened at $19.56 on Thursday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 45.07 and a beta of -1.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. Wildhorse Resource Development has a fifty-two week low of $12.28 and a fifty-two week high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last released its earnings results 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). The firm had revenue of $225.41 million for the quarter, compared to analyst estimates of $204.16 million. Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%.

Several institutional investors and hedge funds have recently made changes to their positions in WRD. Wells Fargo & Company MN increased its stake in Wildhorse Resource Development by 47.4% in the first quarter. Wells Fargo & Company MN now owns 79,691 shares of the oil and natural gas company’s stock valued at $1,522,000 after acquiring an additional 25,613 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Wildhorse Resource Development by 2.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 151,822 shares of the oil and natural gas company’s stock valued at $2,899,000 after acquiring an additional 3,671 shares during the period. Northern Trust Corp increased its stake in Wildhorse Resource Development by 1.3% in the first quarter. Northern Trust Corp now owns 475,121 shares of the oil and natural gas company’s stock valued at $9,070,000 after acquiring an additional 5,975 shares during the period. JPMorgan Chase & Co. increased its stake in Wildhorse Resource Development by 44.8% in the first quarter. JPMorgan Chase & Co. now owns 239,668 shares of the oil and natural gas company’s stock valued at $4,575,000 after acquiring an additional 74,198 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Wildhorse Resource Development by 35.6% in the first quarter. New York State Common Retirement Fund now owns 52,900 shares of the oil and natural gas company’s stock valued at $1,010,000 after acquiring an additional 13,900 shares during the period. 95.91% of the stock is owned by institutional investors and hedge funds.

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

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