Russell Investments Group Ltd. grew its holdings in shares of Wildhorse Resource Development Corp (NYSE:WRD) by 293.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 320,629 shares of the oil and natural gas company’s stock after purchasing an additional 239,135 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.31% of Wildhorse Resource Development worth $7,580,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Wildhorse Resource Development during the 2nd quarter worth $186,000. Advisors Asset Management Inc. lifted its stake in shares of Wildhorse Resource Development by 2,494.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock worth $233,000 after purchasing an additional 48,434 shares during the period. Telemus Capital LLC purchased a new position in shares of Wildhorse Resource Development during the 2nd quarter worth $254,000. Penn Mutual Life Insurance Co purchased a new position in shares of Wildhorse Resource Development during the 2nd quarter worth $264,000. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of Wildhorse Resource Development by 71.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 11,306 shares of the oil and natural gas company’s stock worth $281,000 after purchasing an additional 4,706 shares during the period.

Shares of WRD opened at $21.31 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $2.23 billion, a P/E ratio of 49.56 and a beta of 0.08. Wildhorse Resource Development Corp has a twelve month low of $15.25 and a twelve month high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. Wildhorse Resource Development had a positive return on equity of 14.16% and a negative net margin of 11.80%. The company’s quarterly revenue was up 111.8% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Equities research analysts expect that Wildhorse Resource Development Corp will post 1.85 EPS for the current year.

A number of research analysts have weighed in on WRD shares. Zacks Investment Research lowered Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine lowered Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Piper Jaffray Companies set a $41.00 price target on Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 11th. Imperial Capital reduced their price target on Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Finally, Capital One Financial lowered Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $28.10.

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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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