Caymus Capital Partners L.P. raised its stake in WildHorse Resource Development Co. (NYSE:WRD) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 781,104 shares of the oil and natural gas company’s stock after purchasing an additional 87,100 shares during the quarter. WildHorse Resource Development accounts for 2.5% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 15th biggest holding. Caymus Capital Partners L.P.’s holdings in WildHorse Resource Development were worth $14,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of WildHorse Resource Development in the 4th quarter valued at approximately $1,355,000. Invictus RG purchased a new stake in shares of WildHorse Resource Development in the fourth quarter valued at approximately $268,000. Nokomis Capital L.L.C. boosted its stake in shares of WildHorse Resource Development by 135.5% in the fourth quarter. Nokomis Capital L.L.C. now owns 425,591 shares of the oil and natural gas company’s stock valued at $7,835,000 after buying an additional 244,855 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of WildHorse Resource Development by 73.9% in the fourth quarter. Rhumbline Advisers now owns 45,307 shares of the oil and natural gas company’s stock valued at $834,000 after buying an additional 19,252 shares in the last quarter. Finally, American International Group Inc. boosted its stake in shares of WildHorse Resource Development by 144.4% in the fourth quarter. American International Group Inc. now owns 32,777 shares of the oil and natural gas company’s stock valued at $603,000 after buying an additional 19,364 shares in the last quarter.

WRD opened at $25.26 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.77. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 58.74, a PEG ratio of 0.30 and a beta of -0.62. WildHorse Resource Development Co. has a one year low of $24.73 and a one year high of $25.30.

WildHorse Resource Development (NYSE:WRD) last posted its earnings results on Wednesday, May 9th. The oil and natural gas company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.11. The company had revenue of $218.80 million for the quarter, compared to the consensus estimate of $183.24 million. WildHorse Resource Development had a positive return on equity of 8.35% and a negative net margin of 14.56%. WildHorse Resource Development’s quarterly revenue was up 303.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. equities analysts anticipate that WildHorse Resource Development Co. will post 1.63 earnings per share for the current year.

A number of analysts recently weighed in on the company. BMO Capital Markets downgraded WildHorse Resource Development from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research note on Tuesday, March 13th. Piper Jaffray set a $31.00 price target on WildHorse Resource Development and gave the company a “buy” rating in a research note on Tuesday, February 13th. Johnson Rice assumed coverage on WildHorse Resource Development in a research note on Wednesday, March 21st. They issued a “buy” rating and a $27.00 price target on the stock. Citigroup decreased their price target on WildHorse Resource Development from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. Finally, Zacks Investment Research upgraded WildHorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Sunday, January 21st. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.80.

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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