Memorial Resource Development Corp (MRD) is Downgraded by Johnson Rice to Hold

Memorial Resource Development Corp (MRD) was Downgraded by Johnson Rice to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Johnson Rice advised their investors in a research report released on May 25, 2016.

Many Wall Street Analysts have commented on Memorial Resource Development Corp. Memorial Resource Development Corp was Downgraded by KLR Group to ” Hold” on May 20, 2016. Wunderlich Downgraded Memorial Resource Development Corp on May 17, 2016 to ” Hold”, Price Target of the shares are set at $16.Memorial Resource Development Corp was Downgraded by Raymond James to ” Mkt Perform” on May 17, 2016.

Memorial Resource Development Corp opened for trading at $14.75 and hit $15.035 on the upside on Friday, eventually ending the session at $15.03, with a gain of 1.42% or 0.21 points. The heightened volatility saw the trading volume jump to 34,99,173 shares. Company has a market cap of $3,101,606 M.

Memorial Resource Development Corp. is an independent natural gas and oil company. The Company is focused on the acquisition exploration and development of natural gas and oil properties. Its properties include Cotton Valley Cotton Valley—Terryville Complex Other North Louisiana and Rockies. It operates in two segments: MRD which reflects the combined operations of the Company MRD Operating LLC (MRD Operating) Memorial Resource Development LLC (MRD LLC) WildHorse Resources and its previous owners Classic Hydrocarbons Holdings L.P. (Classic) and Classic Hydrocarbons GP Co. L.L.C. (Classic GP) Black Diamond Minerals LLC (Black Diamond) BlueStone Natural Resources Holdings LLC (BlueStone) Beta Operating Company LLC (Beta Operating) and Memorial Production Partners GP LLC (MEMP GP); and MEMP which reflects the combined operations of Memorial Production Partners LP (MEMP) its previous owners and dropdown transactions occurred between MEMP and MRD LLC subsidiaries.

Memorial Resource Development Corp

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