Equities research analysts expect Wildhorse Resource Development Corporation (NYSE:WRD) to announce sales of $155.16 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Wildhorse Resource Development Corporation’s earnings. The lowest sales estimate is $151.40 million and the highest is $160.36 million. Wildhorse Resource Development Corporation posted sales of $39.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 295.2%. The business is scheduled to report its next earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Wildhorse Resource Development Corporation will report full year sales of $155.16 million for the current financial year, with estimates ranging from $398.30 million to $409.53 million. For the next fiscal year, analysts forecast that the firm will report sales of $756.01 million per share, with estimates ranging from $707.14 million to $837.90 million. Zacks’ sales averages are an average based on a survey of research firms that cover Wildhorse Resource Development Corporation.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its quarterly earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.24% and a net margin of 8.88%. Wildhorse Resource Development Corporation’s revenue was up 269.0% compared to the same quarter last year.

A number of research firms have issued reports on WRD. Piper Jaffray Companies restated a “buy” rating and set a $18.00 price target on shares of Wildhorse Resource Development Corporation in a report on Sunday, October 22nd. Scotiabank set a $19.00 price target on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $17.00 price target on Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research cut Wildhorse Resource Development Corporation from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Finally, Imperial Capital restated an “outperform” rating on shares of Wildhorse Resource Development Corporation in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.42.

Wildhorse Resource Development Corporation (WRD) traded up $0.20 during trading on Friday, hitting $16.40. The company’s stock had a trading volume of 364,100 shares, compared to its average volume of 542,522. The company has a market cap of $1,659.21 and a PE ratio of 117.14. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42.

Several institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in shares of Wildhorse Resource Development Corporation in the 3rd quarter worth $454,000. Janus Henderson Group PLC bought a new position in shares of Wildhorse Resource Development Corporation in the 3rd quarter worth $5,801,000. Castleton Investment Management LLC bought a new position in shares of Wildhorse Resource Development Corporation in the 3rd quarter worth $799,000. Wells Fargo & Company MN lifted its holdings in shares of Wildhorse Resource Development Corporation by 40.7% in the 3rd quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock worth $328,000 after purchasing an additional 7,110 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Wildhorse Resource Development Corporation by 22.2% in the 3rd quarter. Citadel Advisors LLC now owns 471,671 shares of the oil and natural gas company’s stock worth $6,283,000 after purchasing an additional 85,777 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

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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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