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Memorial Resource Development Corp 28.6% Potential Upside Now Implied by RBC Capital Mkts

Memorial Resource Development Corp using SYMBOL/TICKER code NASDAQ:MRD had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Mkts. Memorial Resource Development Corp are listed in the Energy sector within NASDAQ. RBC Capital Mkts have set a target price of 23 USD on its stock. This now indicates the analyst believes there is a potential upside of 28.6% from the opening price of 17.88 USD.

Memorial Resource Development Corp NASDAQ:MRD has a 50 day moving average of 18.42 USD and a 200 day moving average of 19.15 USD. The 1 year high stock price is 28.44 USD while the year low stock price is currently 14.61 USD. Over the last 30 and 90 trading days the company share price has decreased 0.3 points and decreased 1.99 points respectively. There are currently 191,532,137 shares in issue with the average daily volume traded being 1,866,177. Market capitalisation for NASDAQ:MRD is $3,464,816,388.00 USD.

 

Memorial Resource Development Corp NASDAQ:MRD 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.

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