Memorial Resource Development Corp. (MRD): Tyler Joseph Fenley , other of Memorial Resource Development Corp. sold 25,000 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $16.39 per share for a total value of $410,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, John Nabors (other) sold 30,000 shares at $16.50 per share price.On Mar 23, 2016, Joseph Wyszynski (other) sold 300,000 shares at $9.98 per share price.Also, On Oct 6, 2015, Steven Wayne Eckerman (other) sold 191,403 shares at $18.97 per share price.On Sep 18, 2015, Tyler Joseph Fenley (other) sold 68,000 shares at $19.53 per share price.
Shares of Memorial Resource Development Corp (MRD) ended Monday, Jul 11, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -1.60% at $16.04 with 12,54,136 shares getting traded. Post opening the session at $16.4, the shares hit an intraday low of $16.02 and an intraday high of $16.49 and the price vacillated in this range throughout the day. The company has a market cap of $3,310 M and the number of outstanding shares has been calculated to be 20,63,60,990 shares. The 52-week high of Memorial Resource Development Corp is $20.55 and the 52-week low is $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.