Wildhorse Resource Development Corp (WRD) Shares Bought by Ashburton Jersey Ltd

Ashburton Jersey Ltd increased its stake in Wildhorse Resource Development Corp (NYSE:WRD) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,874 shares of the oil and natural gas company’s stock after purchasing an additional 5,920 shares during the period. Wildhorse Resource Development makes up approximately 0.6% of Ashburton Jersey Ltd’s portfolio, making the stock its 18th biggest holding. Ashburton Jersey Ltd’s holdings in Wildhorse Resource Development were worth $1,534,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NumerixS Investment Technologies Inc grew its position in Wildhorse Resource Development by 71.3% during the second quarter. NumerixS Investment Technologies Inc now owns 11,306 shares of the oil and natural gas company’s stock valued at $281,000 after acquiring an additional 4,706 shares during the last quarter. Legal & General Group Plc grew its position in Wildhorse Resource Development by 53.7% during the first quarter. Legal & General Group Plc now owns 18,599 shares of the oil and natural gas company’s stock valued at $355,000 after acquiring an additional 6,496 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Wildhorse Resource Development during the first quarter valued at approximately $126,000. Advisors Asset Management Inc. grew its position in Wildhorse Resource Development by 372.2% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the oil and natural gas company’s stock valued at $233,000 after acquiring an additional 7,229 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Wildhorse Resource Development during the second quarter valued at approximately $186,000. Institutional investors own 96.68% of the company’s stock.

Shares of Wildhorse Resource Development stock opened at $21.99 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. Wildhorse Resource Development Corp has a 52-week low of $13.23 and a 52-week high of $29.67. The company has a market capitalization of $2.18 billion, a PE ratio of 51.14 and a beta of 0.08.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.11). Wildhorse Resource Development had a positive return on equity of 11.39% and a negative net margin of 16.95%. The firm had revenue of $225.41 million during the quarter, compared to the consensus estimate of $204.16 million. As a group, analysts predict that Wildhorse Resource Development Corp will post 1.86 EPS for the current year.

A number of brokerages have commented on WRD. Zacks Investment Research cut shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 27th. Piper Jaffray Companies set a $41.00 price target on shares of Wildhorse Resource Development and gave the company a “buy” rating in a research report on Saturday, August 11th. SunTrust Banks upgraded shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.00.

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Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation, an independent oil and natural gas company, focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources. The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.

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Institutional Ownership by Quarter for Wildhorse Resource Development (NYSE:WRD)

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