Analysts predict that Wildhorse Resource Development Corp (NYSE:WRD) will post $239.88 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $210.60 million to $276.64 million. Wildhorse Resource Development posted sales of $180.24 million during the same quarter last year, which suggests a positive year over year growth rate of 33.1%. The company is expected to report its next earnings results on Wednesday, March 6th.
According to Zacks, analysts expect that Wildhorse Resource Development will report full-year sales of $883.59 million for the current year, with estimates ranging from $714.00 million to $980.30 million. For the next financial year, analysts expect that the firm will post sales of $1.09 billion, with estimates ranging from $989.00 million to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wildhorse Resource Development.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. The firm had revenue of $259.50 million for the quarter, compared to analyst estimates of $226.05 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 111.8% compared to the same quarter last year.
WRD has been the subject of a number of research reports. Zacks Investment Research cut Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine cut Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Piper Jaffray Companies set a $41.00 price target on Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. Wells Fargo & Co lowered Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research note on Monday, November 26th. Finally, Imperial Capital lowered their price objective on Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Wildhorse Resource Development has an average rating of “Hold” and a consensus target price of $28.89.
Shares of WRD stock opened at $18.48 on Monday. Wildhorse Resource Development has a 1-year low of $15.25 and a 1-year high of $29.67. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.88 billion, a PE ratio of 42.98 and a beta of 0.08.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Wildhorse Resource Development by 597.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,094 shares of the oil and natural gas company’s stock valued at $168,000 after acquiring an additional 6,077 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wildhorse Resource Development by 372.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 7,229 shares in the last quarter. Penn Mutual Life Insurance Co bought a new position in shares of Wildhorse Resource Development in the 2nd quarter valued at about $264,000. Cpwm LLC bought a new position in shares of Wildhorse Resource Development in the 3rd quarter valued at about $237,000. Finally, Verition Fund Management LLC bought a new position in shares of Wildhorse Resource Development in the 2nd quarter valued at about $282,000.
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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