Insider Buying: Memorial Resource Development Corp CFO Purchases 6,000 Shares of Stock (MRD)
Memorial Resource Development Corp (NYSE:MRD) CFO Andrew J. Cozby bought 6,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $114,000.00. Following the transaction, the chief financial officer now directly owns 6,000 shares in the company, valued at approximately $114,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Memorial Resource Development Corp (NYSE:MRD) traded up 4.38% 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 $24.00. The stock has a 50-day moving average of $22.6 and a 200-day moving average of $22.6. 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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