GSA Capital Partners LLP Invests $454,000 in Wildhorse Resource Development Corp (NYSE:WRD)

GSA Capital Partners LLP purchased a new position in shares of Wildhorse Resource Development Corp (NYSE:WRD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 34,108 shares of the oil and natural gas company’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WRD. Schwab Charles Investment Management Inc. raised its stake in shares of Wildhorse Resource Development by 70.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock valued at $1,097,000 after buying an additional 36,489 shares during the period. Rhumbline Advisers purchased a new position in shares of Wildhorse Resource Development in the second quarter valued at $317,000. Bank of New York Mellon Corp grew its position in shares of Wildhorse Resource Development by 67.9% in the second quarter. Bank of New York Mellon Corp now owns 114,007 shares of the oil and natural gas company’s stock valued at $1,410,000 after purchasing an additional 46,100 shares in the last quarter. Swiss National Bank purchased a new position in shares of Wildhorse Resource Development in the second quarter valued at $484,000. Finally, Cipher Capital LP purchased a new position in shares of Wildhorse Resource Development in the second quarter valued at $804,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Several equities analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 price target on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. ValuEngine upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Imperial Capital restated an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, Barclays boosted their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Wildhorse Resource Development currently has an average rating of “Buy” and an average price target of $19.67.

Shares of Wildhorse Resource Development Corp (WRD) opened at $19.34 on Friday. Wildhorse Resource Development Corp has a 52 week low of $10.36 and a 52 week high of $21.43. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,974.86 and a PE ratio of 87.91.

Wildhorse Resource Development (NYSE:WRD) last released its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The company had revenue of $122.50 million during the quarter, compared to analyst estimates of $117.89 million. The company’s revenue for the quarter was up 269.0% on a year-over-year basis. analysts expect that Wildhorse Resource Development Corp will post 0.35 earnings per share for the current 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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