Caymus Capital Partners L.P. Sells 568,850 Shares of Wildhorse Resource Development Corporation (WRD)

Caymus Capital Partners L.P. lowered its position in Wildhorse Resource Development Corporation (NYSE:WRD) by 50.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 548,550 shares of the oil and natural gas company’s stock after selling 568,850 shares during the quarter. Wildhorse Resource Development Corporation accounts for approximately 0.9% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 20th largest position. Caymus Capital Partners L.P. owned approximately 0.54% of Wildhorse Resource Development Corporation worth $7,307,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in Wildhorse Resource Development Corporation in the first quarter valued at approximately $18,245,000. Ameriprise Financial Inc. boosted its holdings in Wildhorse Resource Development Corporation by 503.1% in the second quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock valued at $5,430,000 after acquiring an additional 366,168 shares during the last quarter. American Century Companies Inc. boosted its holdings in Wildhorse Resource Development Corporation by 69.7% in the second quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after acquiring an additional 319,748 shares during the last quarter. Geode Capital Management LLC bought a new stake in Wildhorse Resource Development Corporation in the first quarter valued at approximately $2,427,000. Finally, Tealwood Asset Management Inc. bought a new stake in Wildhorse Resource Development Corporation in the second quarter valued at approximately $2,393,000. 93.12% of the stock is owned by institutional investors.

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Several analysts recently commented on WRD shares. Zacks Investment Research upgraded Wildhorse Resource Development Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 9th. ValuEngine cut Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Iberia Capital started coverage on Wildhorse Resource Development Corporation in a report on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 target price on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 target price on shares of Wildhorse Resource Development Corporation in a report on Sunday, October 22nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $19.00 target price on shares of Wildhorse Resource Development Corporation in a 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 given a strong buy rating to the company. Wildhorse Resource Development Corporation presently has a consensus rating of “Buy” and a consensus price target of $19.42.

Wildhorse Resource Development Corporation (NYSE WRD) traded down $0.61 during trading on Tuesday, hitting $15.36. The company’s stock had a trading volume of 563,200 shares, compared to its average volume of 545,769. The company has a market cap of $1,615.70 and a PE ratio of 114.07. Wildhorse Resource Development Corporation has a 52-week low of $10.36 and a 52-week high of $16.48. 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 Corporation (NYSE:WRD) last posted its quarterly earnings results 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. The firm had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $117.89 million. Wildhorse Resource Development Corporation had a return on equity of 1.24% and a net margin of 8.88%. Wildhorse Resource Development Corporation’s revenue was up 269.0% compared to the same quarter last year. sell-side analysts expect that Wildhorse Resource Development Corporation will post 0.33 earnings per share for the current fiscal year.

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)

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