Wildhorse Resource Development Corp (WRD) Shares Bought by FIL Ltd

FIL Ltd raised its position in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 65.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,077 shares of the oil and natural gas company’s stock after buying an additional 17,906 shares during the quarter. FIL Ltd’s holdings in Wildhorse Resource Development were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC lifted its stake in Wildhorse Resource Development by 290.5% during the second quarter. FMR LLC now owns 2,329,124 shares of the oil and natural gas company’s stock valued at $59,067,000 after buying an additional 1,732,750 shares in the last quarter. BlackRock Inc. lifted its stake in Wildhorse Resource Development by 6.3% during the third quarter. BlackRock Inc. now owns 1,858,475 shares of the oil and natural gas company’s stock valued at $43,934,000 after buying an additional 109,582 shares in the last quarter. Caymus Capital Partners L.P. lifted its stake in Wildhorse Resource Development by 18.3% during the second quarter. Caymus Capital Partners L.P. now owns 924,204 shares of the oil and natural gas company’s stock valued at $23,438,000 after buying an additional 143,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Wildhorse Resource Development by 1,682.9% during the second quarter. Dimensional Fund Advisors LP now owns 902,319 shares of the oil and natural gas company’s stock valued at $22,882,000 after buying an additional 851,709 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Wildhorse Resource Development by 76.3% during the second quarter. Millennium Management LLC now owns 654,938 shares of the oil and natural gas company’s stock valued at $16,609,000 after buying an additional 283,542 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

NYSE WRD opened at $19.47 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.88 billion, a PE ratio of 45.28 and a beta of 0.01. Wildhorse Resource Development Corp has a 52-week low of $15.25 and a 52-week high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last posted its quarterly earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. Wildhorse Resource Development had a positive return on equity of 14.16% and a negative net margin of 11.80%. Wildhorse Resource Development’s revenue for the quarter was up 111.8% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Sell-side analysts predict that Wildhorse Resource Development Corp will post 1.79 EPS for the current fiscal year.

A number of research firms have commented on WRD. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Wells Fargo & Co lowered shares of Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research note on Monday, November 26th. ValuEngine lowered shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. SunTrust Banks raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Imperial Capital reduced their price target on shares of Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, November 9th. One 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. The stock presently has a consensus rating of “Hold” and an average target price of $28.89.

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Wildhorse Resource Development 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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