Equities analysts predict that Wildhorse Resource Development Corporation (NYSE:WRD) will announce $118.43 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Wildhorse Resource Development Corporation’s earnings. The highest sales estimate is $121.90 million and the lowest is $113.43 million. The company is expected to issue its next earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Wildhorse Resource Development Corporation will report full-year sales of $118.43 million for the current financial year, with estimates ranging from $389.63 million to $419.94 million. For the next financial year, analysts expect that the firm will report sales of $781.70 million per share, with estimates ranging from $703.18 million to $915.63 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Wildhorse Resource Development Corporation.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $70.20 million during the quarter, compared to analysts’ expectations of $68.03 million. The firm’s quarterly revenue was up 136.4% compared to the same quarter last year.

Several research firms recently issued reports on WRD. Scotiabank set a $19.00 price objective on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $17.00 price objective on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research note on Saturday, August 12th. Bank of America Corporation began coverage on Wildhorse Resource Development Corporation in a research note on Wednesday, July 19th. They set a “buy” rating and a $16.00 price objective for the company. Citigroup Inc. dropped their price objective on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Finally, Imperial Capital began coverage on Wildhorse Resource Development Corporation in a research note on Tuesday, August 1st. They set an “outperform” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.22.

A number of hedge funds have recently modified their holdings of WRD. Ranger Investment Management L.P. bought a new stake in Wildhorse Resource Development Corporation during the first quarter worth about $20,619,000. Vanguard Group Inc. bought a new stake in Wildhorse Resource Development Corporation during the first quarter worth about $18,245,000. Caymus Capital Partners L.P. lifted its stake in Wildhorse Resource Development Corporation by 228.6% during the second quarter. Caymus Capital Partners L.P. now owns 1,117,400 shares of the oil and natural gas company’s stock worth $13,822,000 after purchasing an additional 777,400 shares during the last quarter. Citadel Advisors LLC lifted its stake in Wildhorse Resource Development Corporation by 173.0% during the first quarter. Citadel Advisors LLC now owns 665,786 shares of the oil and natural gas company’s stock worth $8,283,000 after purchasing an additional 421,945 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Wildhorse Resource Development Corporation by 503.1% during the second quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock worth $5,430,000 after purchasing an additional 366,168 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at 11.70 on Friday. The company has a market capitalization of $1.16 billion and a P/E ratio of 32.50. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.48. The stock’s 50 day moving average price is $11.85 and its 200-day moving average price is $12.00.

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About Wildhorse Resource Development Corporation

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.

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

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