HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE: WRD) announced today that it has been added to the Russell 2000® Index and the Russell 3000® Index, effective at the market close on March 31, 2017.
In addition to Russell's annual reconstitution that takes place in June of each year, eligible initial public offerings (IPOs) are added on a quarterly basis. First quarter additions include those companies that completed IPOs from December 1, 2016 to February 28, 2017. WildHorse Resource Development Corporation completed its initial public offering on December 19, 2016.
"We are pleased to have been added to the Russell 2000 and 3000 Indexes," commented Jay Graham, Chairman and Chief Executive Officer of WRD. "We believe this inclusion into a well-known index will introduce more investors to WRD and will also provide additional liquidity for our shares.”
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About WildHorse Resource Development Corporation
WildHorse Resource Development Corporation is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana. For more information, please visit our website at www.wildhorserd.com.