Brokerages expect Wildhorse Resource Development Corporation (NYSE:WRD) to report sales of $115.86 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Wildhorse Resource Development Corporation’s earnings, with estimates ranging from $107.46 million to $121.90 million. The firm is scheduled 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 year, with estimates ranging from $376.96 million to $418.21 million. For the next financial year, analysts forecast that the company will report sales of $771.45 million per share, with estimates ranging from $672.41 million to $915.63 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $70.20 million during the quarter, compared to analyst estimates of $68.03 million. The business’s revenue was up 136.4% compared to the same quarter last year.

WRD has been the topic of a number of recent research reports. BMO Capital Markets set a $17.00 target price on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a report on Saturday, August 12th. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the company a “buy” rating in a report on Wednesday, August 9th. Bank of America Corporation started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, July 19th. They set a “buy” rating and a $16.00 price target on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price target on shares of Wildhorse Resource Development Corporation in a report on Sunday, October 22nd. Finally, Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.33.

Shares of Wildhorse Resource Development Corporation (WRD) traded down $0.09 during midday trading on Friday, hitting $13.74. The company had a trading volume of 270,647 shares, compared to its average volume of 393,905. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 0.58. Wildhorse Resource Development Corporation has a twelve month low of $10.36 and a twelve month high of $16.48.

Several large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of Wildhorse Resource Development Corporation by 4.3% in the third quarter. Ameriprise Financial Inc. now owns 457,756 shares of the oil and natural gas company’s stock worth $6,099,000 after buying an additional 18,811 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Wildhorse Resource Development Corporation by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock worth $1,586,000 after buying an additional 5,019 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Wildhorse Resource Development Corporation in the third quarter worth about $316,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Wildhorse Resource Development Corporation by 20.1% in 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. Finally, Nationwide Fund Advisors lifted its position in shares of Wildhorse Resource Development Corporation by 32.7% during the 3rd quarter. Nationwide Fund Advisors now owns 71,756 shares of the oil and natural gas company’s stock worth $956,000 after purchasing an additional 17,697 shares during the last quarter. 93.96% of the stock is owned by institutional investors.

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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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