Wildhorse Resource Development Corporation (NYSE:WRD) will post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Wildhorse Resource Development Corporation to post earnings of $0.09 per share for the quarter.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its quarterly earnings data on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $70.20 million for the quarter, compared to analyst estimates of $68.03 million. The firm’s quarterly revenue was up 136.4% on a year-over-year basis. On average, analysts expect Wildhorse Resource Development Corporation to post $0.31 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.

Wildhorse Resource Development Corporation (WRD) opened at 13.01 on Wednesday. Wildhorse Resource Development Corporation has a 12-month low of $10.36 and a 12-month high of $16.48. The company has a market cap of $1.29 billion and a P/E ratio of 36.14. The firm’s 50 day moving average is $12.50 and its 200 day moving average is $12.47.

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A number of analysts have recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development Corporation in a research note on Sunday, October 22nd. Scotiabank set a $19.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $17.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Bank of America Corporation assumed coverage on shares of Wildhorse Resource Development Corporation in a research note on Wednesday, July 19th. They set a “buy” rating and a $16.00 target price for the company. Finally, Citigroup Inc. cut their target price on shares of 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $19.33.

Wildhorse Resource Development Corporation Company Profile

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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