Analysts expect that Wildhorse Resource Development Corp (NYSE:WRD) will post $224.77 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Wildhorse Resource Development’s earnings, with the lowest sales estimate coming in at $209.00 million and the highest estimate coming in at $243.40 million. Wildhorse Resource Development reported sales of $122.49 million in the same quarter last year, which would suggest a positive year over year growth rate of 83.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Wildhorse Resource Development will report full-year sales of $868.55 million for the current year, with estimates ranging from $727.00 million to $947.30 million. For the next year, analysts anticipate that the firm will report sales of $1.06 billion, with estimates ranging from $999.00 million to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Wildhorse Resource Development.

Wildhorse Resource Development (NYSE:WRD) last released its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.11). The firm had revenue of $225.41 million during the quarter, compared to analyst estimates of $204.16 million. Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%.

Several research firms recently issued reports on WRD. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Piper Jaffray Companies set a $41.00 target price on shares of Wildhorse Resource Development and gave the company a “buy” rating in a report on Saturday, August 11th. SunTrust Banks upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Seaport Global Securities began coverage on shares of Wildhorse Resource Development in a report on Wednesday, June 20th. They issued a “buy” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Wildhorse Resource Development currently has a consensus rating of “Buy” and an average target price of $27.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in Wildhorse Resource Development by 372.2% in the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock valued at $233,000 after purchasing an additional 7,229 shares in the last quarter. Verition Fund Management LLC bought a new stake in Wildhorse Resource Development in the second quarter valued at $282,000. Jane Street Group LLC bought a new stake in Wildhorse Resource Development in the second quarter valued at $3,075,000. Millennium Management LLC increased its stake in Wildhorse Resource Development by 76.3% in the second quarter. Millennium Management LLC now owns 654,938 shares of the oil and natural gas company’s stock valued at $16,609,000 after purchasing an additional 283,542 shares in the last quarter. Finally, Waddell & Reed Financial Inc. bought a new stake in Wildhorse Resource Development in the second quarter valued at $14,405,000. 95.94% of the stock is owned by hedge funds and other institutional investors.

WRD stock traded up $0.46 during midday trading on Friday, hitting $23.72. The stock had a trading volume of 1,266,660 shares, compared to its average volume of 1,155,071. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 55.16 and a beta of -1.10. 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 $11.95 and a 1-year high of $29.67.

About Wildhorse Resource Development

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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Earnings History and Estimates for Wildhorse Resource Development (NYSE:WRD)

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