Equities analysts expect that Wildhorse Resource Development Corp (NYSE:WRD) will post $241.29 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $210.60 million to $262.98 million. Wildhorse Resource Development reported sales of $180.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 33.9%. The company is expected to issue its next earnings report on Wednesday, March 6th.
According to Zacks, analysts expect that Wildhorse Resource Development will report full year sales of $879.22 million for the current year, with estimates ranging from $753.00 million to $947.87 million. For the next year, analysts forecast that the firm will report sales of $1.10 billion, with estimates ranging from $1.04 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Wildhorse Resource Development.
Wildhorse Resource Development (NYSE:WRD) last announced its quarterly earnings data on Wednesday, November 7th. The oil and natural gas company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. The business had revenue of $259.50 million for the quarter, compared to analyst estimates of $226.05 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 111.8% on a year-over-year basis.
WRD has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, July 27th. SunTrust Banks initiated coverage on shares of Wildhorse Resource Development in a research note on Thursday, July 19th. They issued a “hold” rating and a $26.00 target price for the company. ValuEngine cut shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Piper Jaffray Companies set a $41.00 target price on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. Finally, Capital One Financial cut shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $28.10.
WRD opened at $22.17 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.92. Wildhorse Resource Development has a 1 year low of $14.38 and a 1 year high of $29.67. The firm has a market capitalization of $2.24 billion, a P/E ratio of 51.56 and a beta of 0.08.
Several institutional investors and hedge funds have recently bought and sold shares of WRD. FMR LLC increased its holdings in Wildhorse Resource Development by 3.9% in the 3rd quarter. FMR LLC now owns 2,420,286 shares of the oil and natural gas company’s stock worth $57,216,000 after acquiring an additional 91,162 shares in the last quarter. BlackRock Inc. increased its holdings in Wildhorse Resource Development by 6.3% in the 3rd quarter. BlackRock Inc. now owns 1,858,475 shares of the oil and natural gas company’s stock worth $43,934,000 after acquiring an additional 109,582 shares in the last quarter. Caymus Capital Partners L.P. increased its holdings in Wildhorse Resource Development by 18.3% in the 2nd quarter. Caymus Capital Partners L.P. now owns 924,204 shares of the oil and natural gas company’s stock worth $23,438,000 after acquiring an additional 143,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Wildhorse Resource Development by 1,682.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 902,319 shares of the oil and natural gas company’s stock worth $22,882,000 after acquiring an additional 851,709 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Wildhorse Resource Development in the 1st quarter worth $12,672,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
Wildhorse Resource Development Company Profile
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.
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