Wildhorse Resource Development Corp (NYSE:WRD) – Equities researchers at Capital One Financial issued their Q2 2018 earnings per share (EPS) estimates for Wildhorse Resource Development in a research report issued on Monday. Capital One Financial analyst B. Velie expects that the oil and natural gas company will post earnings of $0.21 per share for the quarter. Capital One Financial also issued estimates for Wildhorse Resource Development’s Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.29 EPS.
WRD has been the topic of several other reports. Zacks Investment Research raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, November 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $18.00 price target on shares of Wildhorse Resource Development in a report on Sunday, October 22nd. Finally, Imperial Capital reaffirmed an “outperform” rating on shares of Wildhorse Resource Development in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, seven have assigned 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 $22.78.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRD. Voya Investment Management LLC purchased a new position in Wildhorse Resource Development in the second quarter worth $124,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wildhorse Resource Development during the third quarter valued at $186,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Wildhorse Resource Development during the second quarter valued at $197,000. New York State Common Retirement Fund purchased a new stake in shares of Wildhorse Resource Development during the second quarter valued at $212,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Wildhorse Resource Development during the fourth quarter valued at $215,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Wildhorse Resource Development Corp Forecasted to Earn Q2 2018 Earnings of $0.21 Per Share (WRD)” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2018/02/15/wildhorse-resource-development-corp-forecasted-to-earn-q2-2018-earnings-of-0-21-per-share-wrd.html.
About Wildhorse Resource Development
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.
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.