193,422 Shares in Wildhorse Resource Development Corporation (NYSE:WRD) Acquired by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. acquired a new stake in shares of Wildhorse Resource Development Corporation (NYSE:WRD) during the second quarter, Holdings Channel reports. The fund acquired 193,422 shares of the oil and natural gas company’s stock, valued at approximately $2,393,000.

A number of other institutional investors also recently made changes to their positions in WRD. Teachers Retirement System of The State of Kentucky bought a new position in shares of Wildhorse Resource Development Corporation during the fourth quarter valued at $765,000. Numeric Investors LLC bought a new position in shares of Wildhorse Resource Development Corporation during the fourth quarter valued at $258,000. Norges Bank bought a new position in shares of Wildhorse Resource Development Corporation during the fourth quarter valued at $14,600,000. Hudson Bay Capital Management LP bought a new position in shares of Wildhorse Resource Development Corporation during the fourth quarter valued at $1,643,000. Finally, Nationwide Fund Advisors boosted its position in shares of Wildhorse Resource Development Corporation by 17.5% in the first quarter. Nationwide Fund Advisors now owns 30,311 shares of the oil and natural gas company’s stock valued at $377,000 after buying an additional 4,511 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Wildhorse Resource Development Corporation (NYSE:WRD) traded down 2.634% during midday trading on Tuesday, reaching $12.015. The company had a trading volume of 223,201 shares. Wildhorse Resource Development Corporation has a one year low of $10.36 and a one year high of $16.48. The company has a market capitalization of $1.22 billion and a PE ratio of 114.429. The company has a 50 day moving average of $12.47 and a 200 day moving average of $12.79.

Wildhorse Resource Development Corporation (NYSE:WRD) last released its earnings results on Thursday, May 11th. The oil and natural gas company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.05. The company had revenue of $54.29 million during the quarter, compared to analyst estimates of $54.45 million. The company’s revenue was up 116.0% on a year-over-year basis. Analysts predict that Wildhorse Resource Development Corporation will post $0.57 EPS for the current fiscal year.

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Several equities analysts have weighed in on WRD shares. Scotiabank reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Wildhorse Resource Development Corporation in a report on Monday, March 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Wildhorse Resource Development Corporation in a report on Monday, May 15th. Citigroup Inc. dropped their price objective on Wildhorse Resource Development Corporation from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Finally, Zacks Investment Research cut Wildhorse Resource Development Corporation from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $20.57.

In related news, Director Jonathan M. Clarkson acquired 6,000 shares of Wildhorse Resource Development Corporation stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $12.51 per share, with a total value of $75,060.00. Following the completion of the purchase, the director now owns 16,000 shares of the company’s stock, valued at $200,160. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Anthony Franklin Bahr acquired 143,526 shares of Wildhorse Resource Development Corporation stock in a transaction dated Friday, May 19th. The shares were bought at an average cost of $12.67 per share, for a total transaction of $1,818,474.42. Following the completion of the purchase, the president now directly owns 603,289 shares of the company’s stock, valued at approximately $7,643,671.63. The disclosure for this purchase can be found here. In the last three months, insiders purchased 322,217 shares of company stock worth $4,019,583. 2.60% of the stock is owned by insiders.

Wildhorse Resource Development Corporation 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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