Alliancebernstein L.P. Takes $600,000 Position in Wildhorse Resource Development Corporation (WRD)

Alliancebernstein L.P. acquired a new position in shares of Wildhorse Resource Development Corporation (NYSE:WRD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 48,500 shares of the oil and natural gas company’s stock, valued at approximately $600,000. Alliancebernstein L.P. owned 0.05% of Wildhorse Resource Development Corporation as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WRD. Vanguard Group Inc. purchased a new stake in Wildhorse Resource Development Corporation during the first quarter worth approximately $18,245,000. Caymus Capital Partners L.P. grew its stake in Wildhorse Resource Development Corporation by 228.6% during the second quarter. Caymus Capital Partners L.P. now owns 1,117,400 shares of the oil and natural gas company’s stock worth $13,822,000 after buying an additional 777,400 shares during the period. American Century Companies Inc. grew its stake in Wildhorse Resource Development Corporation by 69.7% during the second quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock worth $9,628,000 after buying an additional 319,748 shares during the period. Geode Capital Management LLC purchased a new stake in Wildhorse Resource Development Corporation during the first quarter worth approximately $2,427,000. Finally, Tealwood Asset Management Inc. purchased a new stake in Wildhorse Resource Development Corporation during the second quarter worth approximately $2,393,000. Institutional investors own 93.93% of the company’s stock.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its earnings results on Wednesday, August 9th. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $68.03 million. Wildhorse Resource Development Corporation’s quarterly revenue was up 136.4% compared to the same quarter last year.

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A number of research analysts have recently commented on WRD shares. Zacks Investment Research raised shares of Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. ValuEngine cut shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Iberia Capital started coverage on shares of Wildhorse Resource Development Corporation in a research report on Wednesday, September 27th. They set an “outperform” rating and a $18.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Sunday, October 22nd. Finally, Scotiabank set a $19.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.33.

About Wildhorse Resource Development Corporation

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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Institutional Ownership by Quarter for Wildhorse Resource Development Corporation (NYSE:WRD)

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