Analysts Anticipate Wildhorse Resource Development Corp (WRD) Will Announce Earnings of $0.29 Per Share

Equities research analysts expect Wildhorse Resource Development Corp (NYSE:WRD) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Wildhorse Resource Development’s earnings, with estimates ranging from $0.19 to $0.47. The company is expected to issue its next earnings report on Thursday, May 10th.

On average, 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 financial year, analysts forecast that the firm will report earnings of $1.81 per share, with EPS estimates ranging from $1.62 to $2.13. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Wildhorse Resource Development.

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

WRD has been the subject of a number of research reports. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Bank of America raised their price objective on shares of Wildhorse Resource Development from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Imperial Capital raised their price objective on shares of Wildhorse Resource Development from $24.00 to $31.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. ValuEngine upgraded shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Citigroup dropped their price objective on shares of Wildhorse Resource Development from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Wildhorse Resource Development presently has a consensus rating of “Buy” and an average price target of $23.10.

Institutional investors have recently added to or reduced their stakes in the business. 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, Paloma Partners Management Co bought a new position in Wildhorse Resource Development during the 4th quarter worth approximately $215,000.

WRD stock opened at $18.26 on Wednesday. The stock has a market cap of $1,808.94, a P/E ratio of 46.82, a P/E/G ratio of 0.28 and a beta of 0.39. Wildhorse Resource Development has a fifty-two week low of $10.36 and a fifty-two week high of $21.43. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.67.

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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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