Capital Fund Management S.A. lessened its holdings in Wildhorse Resource Development Corp (NYSE:WRD) by 32.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,755 shares of the oil and natural gas company’s stock after selling 5,545 shares during the quarter. Capital Fund Management S.A.’s holdings in Wildhorse Resource Development were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Trust Advisors LP acquired a new stake in shares of Wildhorse Resource Development in the second quarter valued at $5,162,000. LMR Partners LLP acquired a new stake in shares of Wildhorse Resource Development in the second quarter valued at $1,179,000. Sei Investments Co. raised its stake in shares of Wildhorse Resource Development by 503.5% in the second quarter. Sei Investments Co. now owns 80,157 shares of the oil and natural gas company’s stock valued at $2,032,000 after acquiring an additional 66,876 shares in the last quarter. Barnett & Company Inc. acquired a new stake in shares of Wildhorse Resource Development in the second quarter valued at $568,000. Finally, Engineers Gate Manager LP raised its stake in shares of Wildhorse Resource Development by 1,724.7% in the second quarter. Engineers Gate Manager LP now owns 210,338 shares of the oil and natural gas company’s stock valued at $5,334,000 after acquiring an additional 198,811 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wildhorse Resource Development stock opened at $17.50 on Friday. Wildhorse Resource Development Corp has a 1-year low of $15.25 and a 1-year high of $29.67. 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 $1.87 billion, a price-to-earnings ratio of 40.70 and a beta of -0.02.

Wildhorse Resource Development (NYSE:WRD) last posted its quarterly earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. The business had revenue of $259.50 million during the quarter, compared to analyst estimates of $226.05 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 111.8% on a year-over-year basis. As a group, analysts anticipate that Wildhorse Resource Development Corp will post 1.79 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Zacks Investment Research cut Wildhorse Resource Development from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Wells Fargo & Co cut Wildhorse Resource Development from an “outperform” rating to a “market perform” rating in a research note on Monday, November 26th. ValuEngine cut Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Imperial Capital reduced their price objective 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 cut 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, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.89.

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Wildhorse Resource Development 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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