Memorial Resource Development Corp. (MRD): John Nabors , other of Memorial Resource Development Corp. sold 20,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $15.25 per share for a total value of $305,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Joseph Wyszynski (other) sold 300,000 shares at $9.98 per share price.On Oct 6, 2015, Steven Wayne Eckerman (other) sold 191,403 shares at $18.97 per share price.Also, On Sep 18, 2015, Tyler Joseph Fenley (other) sold 68,000 shares at $19.53 per share price.On Sep 18, 2015, Marcus Shane Spillson (other) sold 50,495 shares at $19.33 per share price.
Memorial Resource Development Corp: On Friday, May 20, 2016 heightened volatility was witnessed in Memorial Resource Development Corp which led to swings in the share price. The shares opened for trading at $14.75 and hit $15.035 on the upside , 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. The 52-week high of the share price is $20.6 and the company has a market cap of $3,101,606 M . The 52-week low of the share price is at $8.3.
Company has been under the radar of several Street Analysts.Memorial Resource Development Corp is Downgraded by Johnson Rice to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 25, 2016.Memorial Resource Development Corp is Downgraded by KLR Group to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 20, 2016.Memorial Resource Development Corp is Downgraded by Wunderlich to Hold and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 17, 2016.Memorial Resource Development Corp is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on May 17, 2016.Memorial Resource Development Corp is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $15 .The Rating was issued on May 11, 2016.
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 ValleyTerryville 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.