Analysts expect that Wildhorse Resource Development Corp (NYSE:WRD) will post $239.88 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Wildhorse Resource Development’s earnings, with the lowest sales estimate coming in at $210.60 million and the highest estimate coming in at $276.64 million. Wildhorse Resource Development reported sales of $180.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 33.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, March 6th.
According to Zacks, analysts expect that Wildhorse Resource Development will report full-year sales of $883.59 million for the current year, with estimates ranging from $714.00 million to $980.30 million. For the next year, analysts anticipate that the firm will report sales of $1.09 billion, with estimates ranging from $989.00 million to $1.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Wildhorse Resource Development.
Wildhorse Resource Development (NYSE:WRD) last issued its quarterly earnings data on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Wildhorse Resource Development had a positive return on equity of 14.16% and a negative net margin of 11.80%. The firm had revenue of $259.50 million during the quarter, compared to the consensus estimate of $226.05 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 111.8% on a year-over-year basis.
WRD stock traded down $0.85 during trading on Monday, reaching $17.50. The stock had a trading volume of 1,330,900 shares, compared to its average volume of 1,242,810. Wildhorse Resource Development has a one year low of $15.25 and a one year high of $29.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 40.70 and a beta of -0.02.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP purchased a new position in Wildhorse Resource Development in the second quarter valued at about $1,950,000. Capital Fund Management S.A. purchased a new position in Wildhorse Resource Development in the second quarter valued at about $439,000. Dynamic Technology Lab Private Ltd boosted its stake in Wildhorse Resource Development by 366.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 75,541 shares of the oil and natural gas company’s stock valued at $1,915,000 after acquiring an additional 59,343 shares during the last quarter. Sei Investments Co. boosted its stake in Wildhorse Resource Development by 503.5% in the second quarter. Sei Investments Co. now owns 80,157 shares of the oil and natural gas company’s stock valued at $2,032,000 after acquiring an additional 66,876 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Wildhorse Resource Development by 2,494.0% in the second quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 48,434 shares during the last quarter. Hedge funds and other institutional investors own 99.71% 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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