B. Riley Financial Inc. Has $437,000 Holdings in Wildhorse Resource Development Corp (WRD)

B. Riley Financial Inc. cut its holdings in Wildhorse Resource Development Corp (NYSE:WRD) by 34.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,801 shares of the oil and natural gas company’s stock after selling 17,446 shares during the quarter. B. Riley Financial Inc.’s holdings in Wildhorse Resource Development were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WRD. Bank of New York Mellon Corp lifted its stake in shares of Wildhorse Resource Development by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 119,026 shares of the oil and natural gas company’s stock worth $1,586,000 after buying an additional 5,019 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Wildhorse Resource Development by 20.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,547 shares of the oil and natural gas company’s stock worth $473,000 after buying an additional 5,950 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Wildhorse Resource Development by 40.7% in the third quarter. Wells Fargo & Company MN now owns 24,598 shares of the oil and natural gas company’s stock worth $328,000 after buying an additional 7,110 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Wildhorse Resource Development in the second quarter worth $124,000. Finally, FIL Ltd lifted its stake in shares of Wildhorse Resource Development by 8.2% in the second quarter. FIL Ltd now owns 146,373 shares of the oil and natural gas company’s stock worth $1,811,000 after buying an additional 11,053 shares during the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

A number of analysts have recently weighed in on WRD shares. Piper Jaffray Companies restated a “buy” rating and issued a $23.00 price objective on shares of Wildhorse Resource Development in a research note on Wednesday, November 22nd. BMO Capital Markets set a $17.00 price objective on shares of Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 12th. Iberia Capital started coverage on shares of Wildhorse Resource Development in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective for the company. ValuEngine cut shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.42.

Shares of Wildhorse Resource Development Corp (NYSE WRD) traded down $0.03 during mid-day trading on Wednesday, reaching $16.75. 272,700 shares of the company were exchanged, compared to its average volume of 539,521. Wildhorse Resource Development Corp has a fifty-two week low of $10.36 and a fifty-two week high of $17.76. The company has a market capitalization of $1,697.65 and a price-to-earnings ratio of 119.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.42 and a quick ratio of 0.42.

Wildhorse Resource Development (NYSE:WRD) last announced its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. Wildhorse Resource Development had a net margin of 8.88% and a return on equity of 1.24%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $117.89 million. The company’s revenue for the quarter was up 269.0% compared to the same quarter last year. equities analysts anticipate that Wildhorse Resource Development Corp will post 0.34 EPS for the current fiscal year.

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Wildhorse Resource Development 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 (NYSE:WRD)

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