Brokerages expect Wildhorse Resource Development Corp (NYSE:WRD) to post $224.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wildhorse Resource Development’s earnings, with the highest sales estimate coming in at $239.00 million and the lowest estimate coming in at $210.00 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 83%. The company is scheduled to report its next earnings report on Wednesday, November 14th.

On average, analysts expect that Wildhorse Resource Development will report full-year sales of $866.85 million for the current year, with estimates ranging from $726.00 million to $938.10 million. For the next year, analysts expect that the business will report sales of $1.06 billion per share, with estimates ranging from $996.00 million to $1.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wildhorse Resource Development.

Wildhorse Resource Development (NYSE:WRD) last issued 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 consensus estimate of $0.50 by ($0.11). Wildhorse Resource Development had a negative net margin of 16.95% and a positive return on equity of 11.39%. The business had revenue of $225.41 million during the quarter, compared to analyst estimates of $204.16 million.

Several brokerages have issued reports on WRD. Seaport Global Securities began coverage on shares of Wildhorse Resource Development in a research note on Wednesday, June 20th. They issued a “buy” rating and a $37.00 price target on the stock. SunTrust Banks upgraded 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, August 8th. They noted that the move was a valuation call. 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 research note on Friday, July 27th. Finally, Piper Jaffray Companies set a $41.00 price target on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wildhorse Resource Development has an average rating of “Buy” and an average price target of $26.18.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Wildhorse Resource Development by 290.5% during the 2nd quarter. FMR LLC now owns 2,329,124 shares of the oil and natural gas company’s stock worth $59,067,000 after purchasing an additional 1,732,750 shares during the last quarter. Caymus Capital Partners L.P. increased its stake in shares of Wildhorse Resource Development by 18.3% during the 2nd quarter. Caymus Capital Partners L.P. now owns 924,204 shares of the oil and natural gas company’s stock worth $23,438,000 after purchasing an additional 143,100 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Wildhorse Resource Development by 1,682.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 902,319 shares of the oil and natural gas company’s stock worth $22,882,000 after purchasing an additional 851,709 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Wildhorse Resource Development during the 1st quarter worth about $12,672,000. Finally, Millennium Management LLC increased its stake in shares of Wildhorse Resource Development by 76.3% during the 2nd quarter. Millennium Management LLC now owns 654,938 shares of the oil and natural gas company’s stock worth $16,609,000 after purchasing an additional 283,542 shares during the last quarter. Institutional investors own 95.94% of the company’s stock.

Shares of WRD stock opened at $19.84 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. Wildhorse Resource Development has a 1 year low of $11.15 and a 1 year high of $29.67. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 46.14 and a beta of -1.04.

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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