Brokerages Anticipate Wildhorse Resource Development Corp (WRD) Will Announce Earnings of $0.51 Per Share

Wall Street brokerages expect Wildhorse Resource Development Corp (NYSE:WRD) to announce $0.51 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Wildhorse Resource Development’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.61. Wildhorse Resource Development posted earnings of $0.23 per share during the same quarter last year, which suggests a positive year over year growth rate of 121.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 6th.

On average, analysts expect that Wildhorse Resource Development will report full year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.38 to $2.20. For the next financial year, analysts expect that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.21 to $3.54. Zacks Investment Research’s earnings per share calculations are a mean 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, November 7th. The oil and natural gas company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $259.50 million for the quarter, compared to the consensus estimate of $226.05 million. Wildhorse Resource Development had a positive return on equity of 14.16% and a negative net margin of 11.80%. The company’s revenue was up 111.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share.

WRD has been the topic of several analyst reports. SunTrust Banks initiated coverage on shares of Wildhorse Resource Development in a report on Thursday, July 19th. They set a “hold” rating and a $26.00 price target on the stock. Zacks Investment Research upgraded 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 report on Friday, July 27th. Piper Jaffray Companies set a $41.00 price target on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a report on Saturday, August 11th. ValuEngine cut shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Capital One Financial cut shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $28.10.

Shares of NYSE:WRD traded up $0.51 during midday trading on Thursday, hitting $21.88. 238,642 shares of the company’s stock were exchanged, compared to its average volume of 2,117,509. Wildhorse Resource Development has a 12 month low of $14.38 and a 12 month high of $29.67. The company has a market cap of $2.26 billion, a PE ratio of 50.44 and a beta of 0.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.32 and a quick ratio of 0.32.

A number of institutional investors have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc boosted its holdings in Wildhorse Resource Development by 71.3% during the second quarter. NumerixS Investment Technologies Inc now owns 11,306 shares of the oil and natural gas company’s stock worth $281,000 after purchasing an additional 4,706 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Wildhorse Resource Development by 10.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,358 shares of the oil and natural gas company’s stock valued at $1,427,000 after acquiring an additional 5,785 shares during the last quarter. Ashburton Jersey Ltd boosted its stake in Wildhorse Resource Development by 10.0% in the third quarter. Ashburton Jersey Ltd now owns 64,874 shares of the oil and natural gas company’s stock valued at $1,534,000 after acquiring an additional 5,920 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Wildhorse Resource Development by 597.5% in the third quarter. Tower Research Capital LLC TRC now owns 7,094 shares of the oil and natural gas company’s stock valued at $168,000 after acquiring an additional 6,077 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Wildhorse Resource Development by 53.7% in the first quarter. Legal & General Group Plc now owns 18,599 shares of the oil and natural gas company’s stock valued at $355,000 after acquiring an additional 6,496 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

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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