Janus Henderson Group PLC purchased a new stake in shares of Wildhorse Resource Development Corp (NYSE:WRD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 435,476 shares of the oil and natural gas company’s stock, valued at approximately $5,801,000. Janus Henderson Group PLC owned 0.43% of Wildhorse Resource Development as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in Wildhorse Resource Development by 503.1% during the second quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock valued at $5,430,000 after purchasing an additional 366,168 shares in the last quarter. American Century Companies Inc. boosted its holdings in Wildhorse Resource Development by 69.7% during the second quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after purchasing an additional 319,748 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Wildhorse Resource Development by 13.9% during the second quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock valued at $20,665,000 after purchasing an additional 203,933 shares in the last quarter. State Street Corp boosted its holdings in Wildhorse Resource Development by 97.5% during the second quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock valued at $4,411,000 after purchasing an additional 176,082 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Wildhorse Resource Development by 243.7% during the second quarter. Northern Trust Corp now owns 233,593 shares of the oil and natural gas company’s stock valued at $2,890,000 after purchasing an additional 165,626 shares in the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Barclays lifted their price objective on Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 20th. BMO Capital Markets set a $17.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a report on Tuesday, October 10th. Imperial Capital reaffirmed an “outperform” rating on shares of Wildhorse Resource Development in a report on Friday, November 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $23.00 price objective on shares of Wildhorse Resource Development in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Wildhorse Resource Development currently has an average rating of “Buy” and an average target price of $20.42.
Wildhorse Resource Development (NYSE:WRD) last announced its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million for the quarter, compared to the consensus estimate of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. Wildhorse Resource Development’s revenue was up 269.0% compared to the same quarter last year. research analysts anticipate that Wildhorse Resource Development Corp will post 0.33 earnings per share for the current fiscal year.
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Wildhorse Resource Development Company Profile
WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return.
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