Columbia Pacific Advisors LLC Buys 192,000 Shares of Wildhorse Resource Development Corp (WRD)

Columbia Pacific Advisors LLC lifted its stake in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 195.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 290,000 shares of the oil and natural gas company’s stock after purchasing an additional 192,000 shares during the quarter. Wildhorse Resource Development comprises about 8.5% of Columbia Pacific Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Columbia Pacific Advisors LLC owned approximately 0.28% of Wildhorse Resource Development worth $6,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. NumerixS Investment Technologies Inc grew its stake in Wildhorse Resource Development by 71.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 11,306 shares of the oil and natural gas company’s stock valued at $281,000 after acquiring an additional 4,706 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Wildhorse Resource Development by 10.6% in the 3rd 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 grew its stake in Wildhorse Resource Development by 10.0% in the 3rd 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 grew its stake in Wildhorse Resource Development by 597.5% in the 3rd 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, Advisors Asset Management Inc. grew its stake in Wildhorse Resource Development by 372.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 7,229 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on WRD shares. Piper Jaffray Companies set a $41.00 price objective on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research note on Saturday, August 11th. SunTrust Banks raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Capital One Financial cut shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 6th. Zacks Investment Research cut shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Wells Fargo & Co cut shares of Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Wildhorse Resource Development currently has a consensus rating of “Hold” and an average target price of $28.89.

NYSE:WRD opened at $19.47 on Tuesday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 45.28 and a beta of 0.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. Wildhorse Resource Development Corp has a 12-month low of $15.25 and a 12-month high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last released its earnings results 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). The firm had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. Wildhorse Resource Development’s revenue for the quarter was up 111.8% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. Analysts forecast that Wildhorse Resource Development Corp will post 1.79 earnings per share for the current year.

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Wildhorse Resource Development Company Profile

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

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