Wildhorse Resource Development Corporation (WRD) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC grew its stake in Wildhorse Resource Development Corporation (NYSE:WRD) by 60.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,913 shares of the oil and natural gas company’s stock after purchasing an additional 13,869 shares during the quarter. Teachers Advisors LLC’s holdings in Wildhorse Resource Development Corporation were worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WRD. Wells Fargo & Company MN raised its position in shares of Wildhorse Resource Development Corporation by 559.2% in the second quarter. Wells Fargo & Company MN now owns 17,488 shares of the oil and natural gas company’s stock valued at $216,000 after purchasing an additional 14,835 shares during the period. JPMorgan Chase & Co. raised its position in shares of Wildhorse Resource Development Corporation by 264.4% in the first quarter. JPMorgan Chase & Co. now owns 18,218 shares of the oil and natural gas company’s stock valued at $227,000 after purchasing an additional 13,218 shares during the period. Rhumbline Advisers bought a new position in shares of Wildhorse Resource Development Corporation in the second quarter valued at about $317,000. TIAA CREF Investment Management LLC bought a new position in shares of Wildhorse Resource Development Corporation in the first quarter valued at about $409,000. Finally, Sei Investments Co. raised its position in shares of Wildhorse Resource Development Corporation by 65.7% in the second quarter. Sei Investments Co. now owns 38,729 shares of the oil and natural gas company’s stock valued at $479,000 after purchasing an additional 15,354 shares during the period. 93.96% of the stock is currently owned by institutional investors.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) opened at $15.97 on Monday. The stock has a market cap of $1,615.70 and a PE ratio of 114.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 0.58. Wildhorse Resource Development Corporation has a one year low of $10.36 and a one year high of $16.48.

Wildhorse Resource Development Corporation (NYSE:WRD) last announced its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Wildhorse Resource Development Corporation had a net margin of 8.88% and a return on equity of 1.26%. The firm had revenue of $122.50 million for the quarter, compared to the consensus estimate of $117.89 million. The firm’s revenue was up 269.0% compared to the same quarter last year. equities analysts predict that Wildhorse Resource Development Corporation will post 0.33 EPS for the current fiscal year.

WRD has been the topic of a number of recent 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 price target on the stock. BMO Capital Markets set a $17.00 price target on shares of Wildhorse Resource Development Corporation and gave the stock a “buy” rating in a research report on Saturday, August 12th. 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 price target on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $19.00 price target on shares of Wildhorse Resource Development Corporation in a research report on Monday, July 24th. Finally, ValuEngine lowered shares of Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Wildhorse Resource Development Corporation has an average rating of “Buy” and an average price target of $19.42.

WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/11/13/wildhorse-resource-development-corporation-wrd-shares-bought-by-teachers-advisors-llc.html.

Wildhorse Resource Development Corporation Company 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.

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

Receive News & Ratings for Wildhorse Resource Development Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wildhorse Resource Development Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply