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WildHorse Resource Development

DB:WI3
Snowflake Description

Reasonable growth potential with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WI3
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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 last earnings update was 87 days ago. More info.


Add to Portfolio Compare Print
  • WildHorse Resource Development has significant price volatility in the past 3 months.
WI3 Share Price and Events
7 Day Returns
-4.4%
DB:WI3
2.6%
DE Oil and Gas
-1%
DE Market
1 Year Returns
5.2%
DB:WI3
-15.7%
DE Oil and Gas
-14.3%
DE Market
WI3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WildHorse Resource Development (WI3) -4.4% 10.9% -20.8% 5.2% - -
DE Oil and Gas 2.6% 9.2% 23.2% -15.7% 11.5% 28.1%
DE Market -1% 5.1% -3.4% -14.3% 12.1% 7.8%
1 Year Return vs Industry and Market
  • WI3 outperformed the Oil and Gas industry which returned -15.7% over the past year.
  • WI3 outperformed the Market in Germany which returned -14.3% over the past year.
Price Volatility
WI3
Industry
5yr Volatility vs Market

WI3 Value

 Is WildHorse Resource Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of WildHorse Resource Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WildHorse Resource Development.

DB:WI3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WI3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.61 (1 + (1- 21%) (55.94%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.88 * 9.77%)
8.82%

Discounted Cash Flow Calculation for DB:WI3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WildHorse Resource Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:WI3 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) -175.00 -208.25 129.00 150.93 175.08
Source Analyst x1 Est @ 19%, capped from 72.1% Analyst x1 Est @ 17%, capped from 72.1% Est @ 16%, capped from 72.1%
Present Value
Discounted (@ 8.82%)
-160.81 -175.85 100.10 107.62 114.72
Present value of next 5 years cash flows $-14.23
DB:WI3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $175.08 × (1 + 0.23%) ÷ (8.82% – 0.23%)
$2,041.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $2,041.59 ÷ (1 + 8.82%)5
$1,337.71
DB:WI3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $-14.23 + $1,337.71
$1,323.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,323.48 / 99.62
$13.28
DB:WI3 Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of DB:WI3)
0.871
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $13.28 x 0.871
€11.57
Value per share (EUR) From above. €11.57
Current discount Discount to share price of €14.61
= -1 x (€14.61 - €11.57) / €11.57
-26.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of WildHorse Resource Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WildHorse Resource Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WildHorse Resource Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WI3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-1.36
DB:WI3 Share Price ** DB (2019-02-01) in EUR €14.61
DB:WI3 Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.148 $16.78
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 20.36x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WildHorse Resource Development.

DB:WI3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:WI3 Share Price ÷ EPS (both in USD)

= 16.78 ÷ -1.36

-12.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WildHorse Resource Development is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • WildHorse Resource Development is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does WildHorse Resource Development's expected growth come at a high price?
Raw Data
DB:WI3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
125.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 0.9x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for WildHorse Resource Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on WildHorse Resource Development's assets?
Raw Data
DB:WI3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $10.32
DB:WI3 Share Price * DB (2019-02-01) in EUR €14.61
DB:WI3 Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.148 $16.78
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.88x
Germany Market PB Ratio Median Figure of 568 Publicly-Listed Companies 1.79x
DB:WI3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:WI3 Share Price ÷ Book Value per Share (both in USD)

= 16.78 ÷ 10.32

1.63x

* Primary Listing of WildHorse Resource Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WildHorse Resource Development is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess WildHorse Resource Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. WildHorse Resource Development has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WI3 Future Performance

 How is WildHorse Resource Development expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
125.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WildHorse Resource Development expected to grow at an attractive rate?
  • WildHorse Resource Development's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • WildHorse Resource Development's earnings growth is expected to exceed the Germany market average.
  • WildHorse Resource Development's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WI3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WI3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 125.5%
DB:WI3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 18.3%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WI3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WI3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 819
2020-12-31 1,305 979 162 2
2019-12-31 1,026 685 217 6
2018-12-31 880 609 -102 6
DB:WI3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 884 582 -135
2018-06-30 747 497 -156
2018-03-31 592 368 -112
2017-12-31 427 277 31
2017-09-30 286 141 16
2017-06-30 197 77 33
2017-03-31 157 53 10
2016-12-31 127 22 -10
2016-09-30 148 63 25
2016-06-30 125 64 21
2016-03-31 104 45 3
2015-12-31 86 50 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WildHorse Resource Development's earnings are expected to grow significantly at over 20% yearly.
  • WildHorse Resource Development's revenue is expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WI3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from WildHorse Resource Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WI3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31
DB:WI3 Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -1.36
2018-06-30 -1.57
2018-03-31 -1.15
2017-12-31 0.32
2017-09-30 0.16
2017-06-30 0.35
2017-03-31 0.11
2016-12-31 -0.11
2016-09-30
2016-06-30
2016-03-31
2015-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if WildHorse Resource Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess WildHorse Resource Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WildHorse Resource Development has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WI3 Past Performance

  How has WildHorse Resource Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WildHorse Resource Development's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WildHorse Resource Development does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare WildHorse Resource Development's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare WildHorse Resource Development's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
WildHorse Resource Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WildHorse Resource Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WI3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 883.90 -135.39 89.86
2018-06-30 746.89 -156.17 74.43
2018-03-31 591.65 -112.29 57.15
2017-12-31 427.19 31.12 52.39
2017-09-30 286.21 15.66 38.32
2017-06-30 196.97 32.91 33.02
2017-03-31 156.51 9.86 28.32
2016-12-31 127.34 -10.40 32.40
2016-09-30 147.70 25.09 31.44
2016-06-30 124.60 21.05 29.92
2016-03-31 103.75 2.65 37.75
2015-12-31 86.34 0.00 29.08
2014-12-31 45.46 0.00 5.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if WildHorse Resource Development has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if WildHorse Resource Development has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if WildHorse Resource Development improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess WildHorse Resource Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WildHorse Resource Development has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WI3 Health

 How is WildHorse Resource Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WildHorse Resource Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WildHorse Resource Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • WildHorse Resource Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of WildHorse Resource Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WildHorse Resource Development Company Filings, last reported 4 months ago.

DB:WI3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,476.29 1,086.00 1.75
2018-06-30 1,466.58 935.61 19.14
2018-03-31 1,473.85 793.69 7.02
2017-12-31 1,590.78 770.60 0.23
2017-09-30 1,573.60 642.57 5.41
2017-06-30 1,582.23 485.03 14.63
2017-03-31 1,061.22 338.78 93.34
2016-12-31 1,007.89 242.75 3.12
2016-09-30 260.60 108.50 1.34
2016-06-30 262.70 113.00 5.36
2016-03-31 275.21 118.00 13.44
2015-12-31 648.69 244.30 43.13
2014-12-31 178.99 111.10 12.19
  • WildHorse Resource Development's level of debt (73.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if WildHorse Resource Development's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if WildHorse Resource Development has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess WildHorse Resource Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WildHorse Resource Development has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WI3 Dividends

 What is WildHorse Resource Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from WildHorse Resource Development dividends.
If you bought €2,000 of WildHorse Resource Development shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate WildHorse Resource Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate WildHorse Resource Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WI3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 58 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WI3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as WildHorse Resource Development has not reported any payouts.
  • Unable to verify if WildHorse Resource Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of WildHorse Resource Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as WildHorse Resource Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess WildHorse Resource Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WildHorse Resource Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WildHorse Resource Development has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WI3 Management

 What is the CEO of WildHorse Resource Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Graham
COMPENSATION $4,415,668
AGE 48
TENURE AS CEO 2.4 years
CEO Bio

Mr. Jay Carlton Graham has been Chief Executive Officer of WildHorse Resource Development Corporation (Alternate name: WildHorse Resources II LLC) and WildHorse Resources II, LLC since September 2016. Mr. Graham serves as President at WildHorse Resources, LLC. He has 23 years of experience in the oil and gas industry, notably with Halliburton, Devon Energy and Anadarko Petroleum in various technical and leadership capacities. Mr. Graham served as the Chief Executive Officer and Director of Range Resources - Louisiana, Inc. (also known as Memorial Resource Development Corp.) from January 29, 2016 to September 16, 2016. In 2007, he co-founded WildHorse Resources, LLC and subsequently acquired Petrohawk Energy’s interests in Terryville Field in 2010. From 1993 to 2007, Mr. Graham held a variety of positions of increasing responsibility in Halliburton, Devon Energy and Anadarko Petroleum Corporation. Previously, Mr. Graham served as Co-Chief Executive Officer and Co-Founder of WildHorse from June 2013 to January 2016 and President of WildHorse Resources Management Company (“WHRM”) since its formation in October 2012 until January 2016. Prior to MRD’s initial public offering in June 2014, Mr. Graham served as President of WildHorse Resources, LLC, one of the predecessors of MRD, from August 2007 to June 2014. He has been Chairman of WildHorse Resources II, LLC and WildHorse Resource Development Corporation since September 2016. Mr. Graham serves on the Petroleum Industry Board and the College of Engineering Advisory Council at Texas A&M University, is a co-founder and advisor of the Texas A&M Petroleum Ventures Program educational collaboration between the Mays Business School and Department of Petroleum Engineering and is also a member of the Petroleum Engineering Academy of Distinguished Graduates. He served as a Director of Memorial Resource Development Corp. from January 29, 2016 to September 16, 2016. He holds a Bachelor of Science degree in petroleum engineering from Texas A&M University.

CEO Compensation
  • Jay's compensation has increased whilst company is loss making.
  • Jay's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the WildHorse Resource Development management team in years:

2.4
Average Tenure
48
Average Age
  • The tenure for the WildHorse Resource Development management team is about average.
Management Team

Jay Graham

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
48
TENURE
2.4 yrs

Anthony Bahr

TITLE
President & Director
COMPENSATION
$4M
AGE
49
TENURE
2.5 yrs

Drew Cozby

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
51
TENURE
2.4 yrs

Steve Habachy

TITLE
COO & Executive VP
COMPENSATION
$3M
AGE
40
TENURE
2.4 yrs

Kyle Roane

TITLE
Executive VP
COMPENSATION
$3M
AGE
39
TENURE
2.4 yrs

Terence Lynch

TITLE
Senior VP & Chief Accounting Officer

Pearce Hammond

TITLE
Vice President of Investor Relations

Luis Mier

TITLE
Director of Investor Relations
Board of Directors Tenure

Average tenure and age of the WildHorse Resource Development board of directors in years:

2.3
Average Tenure
51
Average Age
  • The average tenure for the WildHorse Resource Development board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anthony Bahr

TITLE
President & Director
COMPENSATION
$4M
AGE
49
TENURE
2.5 yrs

Scott Gieselman

TITLE
Director
AGE
55
TENURE
2.4 yrs

Jay Graham

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
48
TENURE
2.4 yrs

David Hayes

TITLE
Director
AGE
44
TENURE
2.4 yrs

Tony Weber

TITLE
Director
AGE
56
TENURE
2.4 yrs

Jon Clarkson

TITLE
Director
COMPENSATION
$195K
AGE
68
TENURE
2.2 yrs

Grant Sims

TITLE
Independent Director
COMPENSATION
$317K
AGE
62
TENURE
2 yrs

Brian Bernasek

TITLE
Director
AGE
45
TENURE
1.7 yrs

Martin Sumner

TITLE
Director
AGE
44
TENURE
1.7 yrs

Stephanie Hildebrandt

TITLE
Independent Director
AGE
53
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Aug 18 Buy Jonathan Clarkson Individual 13. Aug 18 13. Aug 18 150 €16.56 €2,484
01. Jun 18 Sell Terence Lynch Individual 01. Jun 18 01. Jun 18 -10,800 €23.47 €-253,452
25. May 18 Sell Steve Habachy Individual 24. May 18 24. May 18 -20,000 €23.28 €-465,683
X
Management checks
We assess WildHorse Resource Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WildHorse Resource Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WI3 News

Simply Wall St News

WI3 Company Info

Map
Description

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. As of December 31, 2017, it had a total leasehold position of approximately 387,091 net acres in the Eagle Ford Shale and 90,062 net acres in overpressured Cotton Valley formation, as well as 454.3 million barrels of oil equivalent of total proved reserves. The company was founded in 2013 and is headquartered in Houston, Texas.

Details
Name: WildHorse Resource Development Corporation
WI3
Exchange: DB
Founded: 2013
€1,690,624,591
99,624,313
Website: http://www.wildhorserd.com
Address: WildHorse Resource Development Corporation
920 Memorial City Way,
Suite 700,
Houston,
Texas, 77024,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB WI3 Common Stock Deutsche Boerse AG DE EUR 14. Dec 2016
Number of employees
Current staff
Staff numbers
137
WildHorse Resource Development employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/03 00:42
End of day share price update: 2019/02/01 00:00
Last estimates confirmation: 2019/02/01
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.