Wall Street analysts expect WildHorse Resource Development Co. (NYSE:WRD) to report earnings of $0.39 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for WildHorse Resource Development’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.44. WildHorse Resource Development posted earnings per share of $0.06 in the same quarter last year, which would indicate a positive year over year growth rate of 550%. The company is expected to announce its next quarterly earnings report on Wednesday, August 8th.
On average, analysts expect that WildHorse Resource Development will report full year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.80. For the next financial year, analysts expect that the company will post earnings of $2.30 per share, with EPS estimates ranging from $2.01 to $2.64. Zacks’ EPS calculations are an average based on a survey of research firms that follow WildHorse Resource Development.
WildHorse Resource Development (NYSE:WRD) last posted its earnings results on Wednesday, May 9th. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. WildHorse Resource Development had a negative net margin of 14.56% and a positive return on equity of 8.35%. The business had revenue of $218.80 million for the quarter, compared to analyst estimates of $183.24 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 303.0% on a year-over-year basis.
Several research firms have recently issued reports on WRD. BMO Capital Markets lowered shares of WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research note on Tuesday, March 13th. Piper Jaffray set a $31.00 target price on shares of WildHorse Resource Development and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Johnson Rice began coverage on shares of WildHorse Resource Development in a research note on Wednesday, March 21st. They set a “buy” rating and a $27.00 target price on the stock. Citigroup lowered their target price on shares of WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Sunday, January 21st. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $23.80.
Shares of WRD stock traded up $0.47 during mid-day trading on Friday, hitting $26.94. 1,971,096 shares of the stock were exchanged, compared to its average volume of 1,273,199. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.77. WildHorse Resource Development has a 52-week low of $10.36 and a 52-week high of $29.67. The firm has a market cap of $2.68 billion, a P/E ratio of 62.65, a PEG ratio of 0.31 and a beta of -0.62.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in WildHorse Resource Development by 69.9% in the 4th quarter. BlackRock Inc. now owns 2,740,676 shares of the oil and natural gas company’s stock valued at $50,455,000 after buying an additional 1,127,889 shares in the last quarter. Caymus Capital Partners L.P. lifted its stake in WildHorse Resource Development by 12.6% in the 1st quarter. Caymus Capital Partners L.P. now owns 781,104 shares of the oil and natural gas company’s stock valued at $14,911,000 after buying an additional 87,100 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in WildHorse Resource Development in the 1st quarter valued at about $12,672,000. Northern Trust Corp lifted its stake in WildHorse Resource Development by 1.3% in the 1st quarter. Northern Trust Corp now owns 475,121 shares of the oil and natural gas company’s stock valued at $9,070,000 after buying an additional 5,975 shares in the last quarter. Finally, Hancock Holding Co. lifted its stake in WildHorse Resource Development by 3.1% in the 1st quarter. Hancock Holding Co. now owns 448,843 shares of the oil and natural gas company’s stock valued at $8,568,000 after buying an additional 13,553 shares in the last quarter.
WildHorse Resource Development Company Profile
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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