Wildhorse Resource Development Corp (WRD) Expected to Post Quarterly Sales of $155.16 Million
Equities research analysts expect Wildhorse Resource Development Corp (NYSE:WRD) to report sales of $155.16 million for the current quarter, according to Zacks. Three analysts have issued estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $151.40 million to $160.36 million. Wildhorse Resource Development reported sales of $39.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 295.2%. The company is expected to issue its next quarterly earnings report on Wednesday, April 4th.
According to Zacks, analysts expect that Wildhorse Resource Development will report full-year sales of $155.16 million for the current year, with estimates ranging from $398.30 million to $409.53 million. For the next fiscal year, analysts expect that the firm will post sales of $756.01 million per share, with estimates ranging from $707.14 million to $837.90 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Wildhorse Resource Development.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The firm’s revenue for the quarter was up 269.0% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Wildhorse Resource Development by 13.9% during the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock valued at $20,665,000 after buying an additional 203,933 shares during the period. Caymus Capital Partners L.P. raised its position in Wildhorse Resource Development 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 valued at $13,822,000 after purchasing an additional 777,400 shares in the last quarter. American Century Companies Inc. raised its position in Wildhorse Resource Development by 69.7% during the second quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after purchasing an additional 319,748 shares in the last quarter. Citadel Advisors LLC raised its position in Wildhorse Resource Development by 22.2% during the third quarter. Citadel Advisors LLC now owns 471,671 shares of the oil and natural gas company’s stock valued at $6,283,000 after purchasing an additional 85,777 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Wildhorse Resource Development by 4.3% during the third quarter. Ameriprise Financial Inc. now owns 457,756 shares of the oil and natural gas company’s stock valued at $6,099,000 after purchasing an additional 18,811 shares in the last quarter. 95.73% of the stock is owned by institutional investors.
Shares of Wildhorse Resource Development (NYSE:WRD) traded up $0.28 on Tuesday, hitting $17.88. The company had a trading volume of 770,200 shares, compared to its average volume of 539,929. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1,780.61 and a P/E ratio of 125.71. Wildhorse Resource Development has a one year low of $10.36 and a one year high of $17.96.
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.
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