Wall Street analysts expect Wildhorse Resource Development Corp (NYSE:WRD) to report sales of $223.53 million for the current quarter, according to Zacks. Six analysts have issued estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $200.70 million to $244.10 million. Wildhorse Resource Development posted sales of $122.49 million during the same quarter last year, which suggests a positive year over year growth rate of 82.5%. The company is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Wildhorse Resource Development will report full year sales of $874.94 million for the current fiscal year, with estimates ranging from $815.90 million to $940.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $1.08 billion per share, with estimates ranging from $1.01 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Wildhorse Resource Development.

Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.11). The business had revenue of $225.41 million for the quarter, compared to analysts’ expectations of $204.16 million. Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.18%.

A number of equities research analysts recently issued reports on WRD shares. Seaport Global Securities started coverage on shares of Wildhorse Resource Development in a research note on Wednesday, June 20th. They set a “buy” rating and a $37.00 price target on the stock. SunTrust Banks raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, July 27th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.27.

Wildhorse Resource Development traded up $0.24, reaching $19.71, during mid-day trading on Thursday, MarketBeat.com reports. 1,570,629 shares of the company’s stock traded hands, compared to its average volume of 1,524,059. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 45.84 and a beta of -1.00. 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 12-month low of $10.36 and a 12-month high of $29.67.

In other news, insider Terence W. Lynch sold 10,800 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $27.39, for a total value of $295,812.00. Following the sale, the insider now owns 105,404 shares of the company’s stock, valued at $2,887,015.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steve Saad Habachy sold 20,000 shares of the stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $27.30, for a total transaction of $546,000.00. Following the completion of the sale, the insider now directly owns 301,481 shares in the company, valued at approximately $8,230,431.30. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Wildhorse Resource Development by 119.8% in the fourth quarter. Wells Fargo & Company MN now owns 54,078 shares of the oil and natural gas company’s stock worth $996,000 after purchasing an additional 29,480 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Wildhorse Resource Development by 79.6% in the fourth quarter. Bank of New York Mellon Corp now owns 213,714 shares of the oil and natural gas company’s stock worth $3,934,000 after purchasing an additional 94,688 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Wildhorse Resource Development by 12.9% in the fourth quarter. Geode Capital Management LLC now owns 249,098 shares of the oil and natural gas company’s stock worth $4,585,000 after purchasing an additional 28,536 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Wildhorse Resource Development by 135.7% in the fourth quarter. Teachers Advisors LLC now owns 87,009 shares of the oil and natural gas company’s stock worth $1,602,000 after purchasing an additional 50,096 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Wildhorse Resource Development by 83.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 97,693 shares of the oil and natural gas company’s stock worth $1,799,000 after purchasing an additional 44,318 shares during the last quarter.

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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