Wildhorse Resource Development Target of Unusually Large Options Trading (WRD)

Wildhorse Resource Development Corp (NYSE:WRD) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 2,764 call options on the stock. This is an increase of approximately 3,271% compared to the typical daily volume of 82 call options.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in Wildhorse Resource Development in the second quarter valued at approximately $1,950,000. Capital Fund Management S.A. acquired a new position in shares of Wildhorse Resource Development in the second quarter worth $439,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Wildhorse Resource Development by 366.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 75,541 shares of the oil and natural gas company’s stock worth $1,915,000 after acquiring an additional 59,343 shares in the last quarter. Sei Investments Co. grew 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 worth $2,032,000 after acquiring an additional 66,876 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Wildhorse Resource Development by 2,494.0% in the second quarter. Advisors Asset Management Inc. now owns 50,376 shares of the oil and natural gas company’s stock worth $233,000 after acquiring an additional 48,434 shares in the last quarter.

WRD stock opened at $19.16 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 44.56 and a beta of 0.08. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.32 and a current ratio of 0.32. Wildhorse Resource Development has a one year low of $15.25 and a one year high of $29.67.

Wildhorse Resource Development (NYSE:WRD) last announced its earnings results on Wednesday, November 7th. The oil and natural gas company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $226.05 million. Wildhorse Resource Development had a negative net margin of 11.80% and a positive return on equity of 14.16%. The firm’s revenue for the quarter was up 111.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Analysts forecast that Wildhorse Resource Development will post 1.85 earnings per share for the current year.

Several research firms have recently commented on WRD. Zacks Investment Research lowered shares of Wildhorse Resource Development from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 27th. Capital One Financial lowered shares of Wildhorse Resource Development from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 6th. Imperial Capital reduced their price target on shares of Wildhorse Resource Development from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, November 9th. ValuEngine lowered shares of Wildhorse Resource Development from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, SunTrust Banks raised shares of Wildhorse Resource Development from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, August 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.89.

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Wildhorse Resource Development Company 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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