Capital Fund Management S.A. Acquires New Position in Wildhorse Resource Development Corp (WRD)

Capital Fund Management S.A. acquired a new position in Wildhorse Resource Development Corp (NYSE:WRD) in the 2nd quarter, HoldingsChannel reports. The firm acquired 17,300 shares of the oil and natural gas company’s stock, valued at approximately $439,000.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Wildhorse Resource Development by 7.4% in the first quarter. Rhumbline Advisers now owns 48,647 shares of the oil and natural gas company’s stock worth $929,000 after purchasing an additional 3,340 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Wildhorse Resource Development by 2.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 151,822 shares of the oil and natural gas company’s stock worth $2,899,000 after purchasing an additional 3,671 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Wildhorse Resource Development by 36.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 16,198 shares of the oil and natural gas company’s stock worth $309,000 after purchasing an additional 4,336 shares during the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Wildhorse Resource Development by 71.3% in the second 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 last quarter. Finally, Northern Trust Corp raised its stake in shares of Wildhorse Resource Development by 1.3% in the first quarter. Northern Trust Corp now owns 475,121 shares of the oil and natural gas company’s stock worth $9,070,000 after purchasing an additional 5,975 shares during the last quarter. 95.94% of the stock is owned by hedge funds and other institutional investors.

Shares of WRD opened at $20.02 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $2.09 billion, a P/E ratio of 46.56 and a beta of -1.04. Wildhorse Resource Development Corp has a 12 month low of $11.31 and a 12 month high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last released 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 Zacks’ 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 analysts’ expectations of $204.16 million. equities research analysts predict that Wildhorse Resource Development Corp will post 1.8 EPS for the current year.

Several analysts have recently commented on WRD shares. Seaport Global Securities started coverage on Wildhorse Resource Development in a research note on Wednesday, June 20th. They issued a “buy” rating and a $37.00 price objective for the company. Piper Jaffray Companies set a $41.00 price objective on Wildhorse Resource Development and gave the stock a “buy” rating in a research note on Saturday, August 11th. SunTrust Banks raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Wildhorse Resource Development has a consensus rating of “Buy” and a consensus target price of $26.18.

About Wildhorse Resource Development

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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