Wall Street brokerages expect Wildhorse Resource Development Corp (NYSE:WRD) to announce $0.18 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $0.13 to $0.25. Wildhorse Resource Development posted earnings of ($0.04) per share during the same quarter last year, which would suggest a positive year over year growth rate of 550%. The firm is expected to report its next earnings report after the market closes on Wednesday, March 7th.

According to Zacks, analysts expect that Wildhorse Resource Development will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.28 to $0.45. For the next fiscal year, analysts forecast that the company will report earnings of $0.82 per share, with EPS estimates ranging from $0.57 to $1.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Wildhorse Resource Development.

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

Several analysts have weighed in on WRD shares. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, November 10th. BMO Capital Markets set a $21.00 price target on Wildhorse Resource Development and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price objective on shares of Wildhorse Resource Development in a research report on Sunday, October 22nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $20.30.

Several institutional investors have recently made changes to their positions in WRD. Voya Investment Management LLC bought a new position in Wildhorse Resource Development during the 2nd quarter worth approximately $124,000. Dynamic Technology Lab Private Ltd bought a new position in Wildhorse Resource Development during the 3rd quarter worth approximately $186,000. The Manufacturers Life Insurance Company bought a new position in Wildhorse Resource Development during the 2nd quarter worth approximately $197,000. New York State Common Retirement Fund bought a new position in Wildhorse Resource Development during the 2nd quarter worth approximately $212,000. Finally, Wells Fargo & Company MN grew its position in Wildhorse Resource Development by 559.2% during the 2nd quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock worth $216,000 after acquiring an additional 14,835 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Shares of Wildhorse Resource Development (WRD) opened at $20.04 on Friday. Wildhorse Resource Development has a 1-year low of $10.36 and a 1-year high of $21.43. The firm has a market capitalization of $2,030.00 and a PE ratio of 44.53. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57.

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Wildhorse Resource Development Company Profile

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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