$0.29 Earnings Per Share Expected for Wildhorse Resource Development Corp (WRD) This Quarter

Analysts expect that Wildhorse Resource Development Corp (NYSE:WRD) will announce $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $0.19 to $0.47. The business is expected to report its next earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Wildhorse Resource Development will report full year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.93. For the next year, analysts forecast that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.62 to $2.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Wildhorse Resource Development.

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Wildhorse Resource Development (NYSE:WRD) last announced its earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $180.24 million during the quarter, compared to the consensus estimate of $166.94 million. Wildhorse Resource Development had a net margin of 11.68% and a return on equity of 4.31%. The business’s quarterly revenue was up 359.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share.

WRD has been the subject of several analyst reports. Johnson Rice initiated coverage on shares of Wildhorse Resource Development in a research note on Wednesday, March 21st. They issued a “buy” rating and a $27.00 target price for the company. Piper Jaffray set a $31.00 target price on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Tuesday, February 13th. Bank of America upped their target price on shares of Wildhorse Resource Development from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Wildhorse Resource Development by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock valued at $1,586,000 after acquiring an additional 5,019 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Wildhorse Resource Development by 27.5% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 30,326 shares of the oil and natural gas company’s stock valued at $558,000 after acquiring an additional 6,540 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Wildhorse Resource Development by 18.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 42,228 shares of the oil and natural gas company’s stock valued at $777,000 after acquiring an additional 6,681 shares during the last quarter. Raymond James & Associates boosted its stake in Wildhorse Resource Development by 4.0% during the 4th quarter. Raymond James & Associates now owns 177,575 shares of the oil and natural gas company’s stock valued at $3,269,000 after acquiring an additional 6,829 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Wildhorse Resource Development by 40.7% during the 3rd quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock valued at $328,000 after acquiring an additional 7,110 shares during the last quarter.

Shares of WRD stock traded down $0.51 on Friday, hitting $18.73. The stock had a trading volume of 614,595 shares, compared to its average volume of 583,251. The company has a market capitalization of $1,946.53, a PE ratio of 43.56, a price-to-earnings-growth ratio of 0.26 and a beta of -0.23. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.67. Wildhorse Resource Development has a 52-week low of $10.36 and a 52-week high of $21.43.

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About Wildhorse Resource Development

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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