Insider Buying: Patrick Wood III Purchases 15,000 Shares of Memorial Resource Development Corp Stock (MRD)
Memorial Resource Development Corp (NYSE:MRD) Director Patrick Wood III acquired 15,000 shares of the stock on the open market in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $285,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 1-year low of $21.07 and a 1-year high of $22.73. The stock’s 50-day moving average is $22. and its 200-day moving average is $22.. The company has a market cap of $4.453 billion and a price-to-earnings 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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