Insider Buying: Kyle N. Roane Buys 10,000 Shares of Memorial Resource Development Corp Stock (MRD)
Memorial Resource Development Corp (NYSE:MRD) VP Kyle N. Roane purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $19.00 per share, with a total value of $190,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Memorial Resource Development Corp (NYSE:MRD) traded up 4.38% during mid-day trading on Monday, hitting $23.13. 3,289,954 shares of the company’s stock traded hands. Memorial Resource Development Corp has a 52-week low of $21.07 and a 52-week high of $22.73. The stock has a 50-day moving average of $22. and a 200-day moving average of $22.. The company has a market cap of $4.453 billion and a P/E ratio of 71.48.
Memorial Resource Development Corp. is an independent natural gas and oil company focused on the exploitation, development, and acquisition of natural gas, NGL and oil properties with a its activity in the Terryville Complex of North Louisiana, where the Company is targeting over pressured, liquids-rich natural gas opportunities in multiple zones in the Cotton Valley formation.
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