Rhumbline Advisers Buys New Stake in Wildhorse Resource Development Corporation (WRD)

Rhumbline Advisers bought a new position in shares of Wildhorse Resource Development Corporation (NYSE:WRD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,655 shares of the oil and natural gas company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WRD. Ranger Investment Management L.P. acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $20,619,000. Vanguard Group Inc. acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $18,245,000. Citadel Advisors LLC raised its position in Wildhorse Resource Development Corporation by 173.0% during the first quarter. Citadel Advisors LLC now owns 665,786 shares of the oil and natural gas company’s stock worth $8,283,000 after acquiring an additional 421,945 shares during the last quarter. Geode Capital Management LLC acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $2,427,000. Finally, Tealwood Asset Management Inc. acquired a new position in Wildhorse Resource Development Corporation during the second quarter worth about $2,393,000. Institutional investors own 93.95% of the company’s stock.

WRD has been the subject of a number of research reports. Imperial Capital initiated coverage on shares of Wildhorse Resource Development Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $22.00 target price for the company. BMO Capital Markets set a $17.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Saturday, August 12th. 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 Saturday, July 1st. Iberia Capital initiated 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 for the company. Finally, Barclays PLC restated an “overweight” rating and set a $19.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Wildhorse Resource Development Corporation presently has a consensus rating of “Buy” and a consensus price target of $20.00.

TRADEMARK VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/rhumbline-advisers-buys-new-stake-in-wildhorse-resource-development-corporation-wrd.html.

Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.58 on Tuesday. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 34.94. Wildhorse Resource Development Corporation has a 52-week low of $11.03 and a 52-week high of $16.48. The stock has a 50 day moving average of $12.32 and a 200-day moving average of $12.32.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its quarterly earnings data on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $70.20 million for the quarter, compared to the consensus estimate of $68.03 million. The firm’s revenue for the quarter was up 136.4% compared to the same quarter last year. On average, analysts expect that Wildhorse Resource Development Corporation will post $0.30 EPS for the current year.

Wildhorse Resource Development Corporation Profile

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

A number of other institutional investors and hedge funds have also made changes to their positions in WRD. Ranger Investment Management L.P. acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $20,619,000. Vanguard Group Inc. acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $18,245,000. Citadel Advisors LLC raised its position in Wildhorse Resource Development Corporation by 173.0% during the first quarter. Citadel Advisors LLC now owns 665,786 shares of the oil and natural gas company’s stock worth $8,283,000 after acquiring an additional 421,945 shares during the last quarter. Geode Capital Management LLC acquired a new position in Wildhorse Resource Development Corporation during the first quarter worth about $2,427,000. Finally, Tealwood Asset Management Inc. acquired a new position in Wildhorse Resource Development Corporation during the second quarter worth about $2,393,000. Institutional investors own 93.95% of the company’s stock.

WRD has been the subject of a number of research reports. Imperial Capital initiated coverage on shares of Wildhorse Resource Development Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $22.00 target price for the company. BMO Capital Markets set a $17.00 target price on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Saturday, August 12th. 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 Saturday, July 1st. Iberia Capital initiated 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 for the company. Finally, Barclays PLC restated an “overweight” rating and set a $19.00 target price on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Wildhorse Resource Development Corporation presently has a consensus rating of “Buy” and a consensus price target of $20.00.

TRADEMARK VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/rhumbline-advisers-buys-new-stake-in-wildhorse-resource-development-corporation-wrd.html.

Wildhorse Resource Development Corporation (NYSE:WRD) opened at 12.58 on Tuesday. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 34.94. Wildhorse Resource Development Corporation has a 52-week low of $11.03 and a 52-week high of $16.48. The stock has a 50 day moving average of $12.32 and a 200-day moving average of $12.32.

Wildhorse Resource Development Corporation (NYSE:WRD) last posted its quarterly earnings data on Wednesday, August 9th. The oil and natural gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $70.20 million for the quarter, compared to the consensus estimate of $68.03 million. The firm’s revenue for the quarter was up 136.4% compared to the same quarter last year. On average, analysts expect that Wildhorse Resource Development Corporation will post $0.30 EPS for the current year.

Wildhorse Resource Development Corporation Profile

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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