Equities analysts expect Wildhorse Resource Development Corporation (NYSE:WRD) to announce $115.86 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Wildhorse Resource Development Corporation’s earnings, with the highest sales estimate coming in at $121.90 million and the lowest estimate coming in at $107.46 million. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.

On average, analysts expect that Wildhorse Resource Development Corporation will report full-year sales of $115.86 million for the current fiscal year, with estimates ranging from $376.96 million to $418.21 million. For the next year, analysts anticipate that the firm will report sales of $771.45 million per share, with estimates ranging from $672.41 million to $915.63 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Wildhorse Resource Development Corporation.

Wildhorse Resource Development Corporation (NYSE:WRD) last issued 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 business had revenue of $70.20 million for the quarter, compared to analysts’ expectations of $68.03 million. The company’s revenue for the quarter was up 136.4% on a year-over-year basis.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $18.00 price target on shares of Wildhorse Resource Development Corporation in a research note on Sunday, October 22nd. BMO Capital Markets set a $17.00 price target on shares of Wildhorse Resource Development Corporation and gave the company a “buy” rating in a research note on Tuesday, October 10th. Iberia Capital assumed coverage on shares of Wildhorse Resource Development Corporation in a research note on Wednesday, September 27th. They set an “outperform” rating and a $18.00 price target for the company. Finally, ValuEngine downgraded shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $19.33.

Shares of Wildhorse Resource Development Corporation (NYSE WRD) opened at $13.25 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 0.58.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. bought a new position in Wildhorse Resource Development Corporation during the third quarter worth $316,000. Raymond James Financial Services Advisors Inc. raised its stake in Wildhorse Resource Development Corporation by 20.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,547 shares of the oil and natural gas company’s stock worth $473,000 after buying an additional 5,950 shares during the last quarter. Nationwide Fund Advisors raised its stake in Wildhorse Resource Development Corporation by 32.7% during the third quarter. Nationwide Fund Advisors now owns 71,756 shares of the oil and natural gas company’s stock worth $956,000 after buying an additional 17,697 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Wildhorse Resource Development Corporation during the second quarter worth $197,000. Finally, State Street Corp raised its stake in Wildhorse Resource Development Corporation by 97.5% during the second quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock worth $4,411,000 after buying an additional 176,082 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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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