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.”
About FTSE Russell
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. More than $10 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.
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.
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