GSA Capital Partners LLP acquired a new stake in Wildhorse Resource Development Corp (NYSE:WRD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,108 shares of the oil and natural gas company’s stock, valued at approximately $454,000.
Several other large investors have also recently bought and sold shares of WRD. Schwab Charles Investment Management Inc. boosted its stake in shares of Wildhorse Resource Development by 70.0% in the 2nd 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 purchasing an additional 36,489 shares during the last quarter. Rhumbline Advisers bought a new position in Wildhorse Resource Development during the second quarter worth $317,000. Bank of New York Mellon Corp boosted its stake in Wildhorse Resource Development by 67.9% during the second quarter. Bank of New York Mellon Corp now owns 114,007 shares of the oil and natural gas company’s stock worth $1,410,000 after acquiring an additional 46,100 shares in the last quarter. Swiss National Bank bought a new position in Wildhorse Resource Development during the second quarter worth $484,000. Finally, Cipher Capital LP bought a new position in Wildhorse Resource Development during the second quarter worth $804,000. 95.73% of the stock is currently owned by institutional investors.
Wildhorse Resource Development Corp (WRD) opened at $18.14 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.42 and a current ratio of 0.42. Wildhorse Resource Development Corp has a 1-year low of $10.36 and a 1-year high of $18.84. The firm has a market cap of $1,840.00 and a price-to-earnings ratio of 40.31.
Wildhorse Resource Development (NYSE:WRD) last released its quarterly earnings data on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $122.50 million for the quarter, compared to the consensus estimate of $117.89 million. The business’s revenue was up 269.0% on a year-over-year basis. equities analysts forecast that Wildhorse Resource Development Corp will post 0.33 EPS for the current year.
Several research analysts recently issued reports on the stock. ValuEngine raised shares of Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Piper Jaffray Companies reissued a “buy” rating and set a $23.00 target price on shares of Wildhorse Resource Development in a research note on Wednesday, November 22nd. Imperial Capital reissued an “outperform” rating on shares of Wildhorse Resource Development in a research note on Friday, November 10th. Finally, Barclays increased their target price on shares of Wildhorse Resource Development from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.42.
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Wildhorse Resource Development 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.
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