Memorial Resource Development Corp CAO Dennis G. Venghaus Acquires 5,000 Shares (MRD)
Memorial Resource Development Corp (NYSE:MRD) CAO Dennis G. Venghaus purchased 5,000 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $95,000.00. Following the acquisition, the chief accounting officer now directly owns 5,000 shares in the company, valued at approximately $95,000. The acquisition was disclosed in a legal filing with the SEC, 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 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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