Raymond James & Associates Boosts Holdings in Wildhorse Resource Development Corp (WRD)

Raymond James & Associates raised its position in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,575 shares of the oil and natural gas company’s stock after acquiring an additional 6,829 shares during the period. Raymond James & Associates’ holdings in Wildhorse Resource Development were worth $3,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Wildhorse Resource Development by 69.9% during the fourth quarter. BlackRock Inc. now owns 2,740,676 shares of the oil and natural gas company’s stock valued at $50,455,000 after acquiring an additional 1,127,889 shares during the period. Ameriprise Financial Inc. grew its position in Wildhorse Resource Development by 4.3% during the third quarter. Ameriprise Financial Inc. now owns 457,756 shares of the oil and natural gas company’s stock valued at $6,099,000 after acquiring an additional 18,811 shares during the period. Janus Henderson Group PLC purchased a new stake in Wildhorse Resource Development during the third quarter valued at about $5,801,000. Geode Capital Management LLC grew its position in Wildhorse Resource Development by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 249,098 shares of the oil and natural gas company’s stock valued at $4,585,000 after acquiring an additional 28,536 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Wildhorse Resource Development by 79.6% during the fourth quarter. Bank of New York Mellon Corp now owns 213,714 shares of the oil and natural gas company’s stock valued at $3,934,000 after acquiring an additional 94,688 shares during the period.

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Shares of NYSE WRD opened at $18.73 on Friday. Wildhorse Resource Development Corp has a 1-year low of $10.36 and a 1-year high of $21.43. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1,890.89, a PE ratio of 43.56, a P/E/G ratio of 0.29 and a beta of -0.23.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, March 7th. The oil and natural gas company reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Wildhorse Resource Development had a return on equity of 4.31% and a net margin of 11.68%. The company had revenue of $180.24 million during the quarter, compared to the consensus estimate of $166.94 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The company’s revenue was up 359.1% compared to the same quarter last year. research analysts anticipate that Wildhorse Resource Development Corp will post 1.49 EPS for the current fiscal year.

WRD has been the subject of a number of research reports. Piper Jaffray reissued a “buy” rating and set a $29.00 price target on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. Imperial Capital upped their target price on Wildhorse Resource Development from $24.00 to $31.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Sunday, January 21st. ValuEngine raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Johnson Rice assumed coverage on Wildhorse Resource Development in a research report on Wednesday, March 21st. They issued a “buy” rating and a $27.00 target price for the company. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.10.

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About Wildhorse Resource Development

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 (NYSE:WRD)

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