22,190 Shares in Wildhorse Resource Development Corp (WRD) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new position in Wildhorse Resource Development Corp (NYSE:WRD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,190 shares of the oil and natural gas company’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in Wildhorse Resource Development during the fourth quarter valued at approximately $40,000. Bremer Trust National Association acquired a new stake in shares of Wildhorse Resource Development in the fourth quarter worth $40,000. Meeder Asset Management Inc. grew its stake in shares of Wildhorse Resource Development by 811.2% in the fourth quarter. Meeder Asset Management Inc. now owns 6,615 shares of the oil and natural gas company’s stock worth $92,000 after acquiring an additional 5,889 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Wildhorse Resource Development in the fourth quarter worth $151,000. Finally, Telemus Capital LLC grew its stake in shares of Wildhorse Resource Development by 12.1% in the fourth quarter. Telemus Capital LLC now owns 11,210 shares of the oil and natural gas company’s stock worth $158,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

A number of research firms have weighed in on WRD. ValuEngine upgraded shares of Wildhorse Resource Development from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Raymond James set a $24.00 price objective on Wildhorse Resource Development and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research cut Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.50.

The stock has a market capitalization of $1.73 billion, a PE ratio of 39.47, a PEG ratio of 1.63 and a beta of 1.26. Wildhorse Resource Development Corp has a 12-month low of $12.01 and a 12-month high of $29.67. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.06.

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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.

Further Reading: Convertible Shares

Institutional Ownership by Quarter for Wildhorse Resource Development (NYSE:WRD)

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