How Capital One Securities Currently Rates Memorial Resource Development Corp (NASDAQ:MRD)
New York: Memorial Resource Development Corp (NASDAQ:MRD) coverage was initiated with a Overweight rating by expert analysts at Capital One Securities. This was issued to clients in recent note on Friday morning.
From a total of 18 analysts covering Memorial Resource Development Corp. (NASDAQ:MRD) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $33 while the lowest target price is $18. The mean of all analyst targets is $24.61 with a 84.38% above today’s ($13.83) stock price. Memorial Resource Development Corp. was the topic of 13 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on December 9 with “Overweight” rating. Goldman Sachs upgraded MRD stock in a recent report from October 21 to “Buy” rating. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a September 22.
Approximately 1.63 million shares of stock traded hands or 6.54% up from the average. Memorial Resource Development Corp (NASDAQ:MRD) has declined 29.15% since May 15, 2015 and is downtrending. It has underperformed by 25.34% the S&P500.
The overall sentiment of institutions has increased to 2 in Q2 2015. Its up 0.12, from 1.88 in 2015Q2. The ratio increased, as 28 institutions have sold all the shares of Memorial Resource Development Corp that they owned while 33 funds have taken shares off the table. 44 funds have purchased shares for the first time while 78 added to their positions. These institutions now hold 180.04 million shares or 10.10% more than the 163.52 million shares they owned in 2015Q2.
The Fund G.F.W. Energy Viii L.P. currently is holding shares equating to 93.64% of its total portfolio in Memorial Resource Development Corp representing a total of 74.41 million shares. Another fund,Prosiris Capital Management Lp, is holding a total of 1.30 million shares equating to 12.62% of their holdings. Additionally, Brenham Capital Management L.P. has a 2.80 million share stake in Memorial Resource Development Corp which represents 10.59% of their total portfolio. The Fund, Jvl Advisors L.L.C., based out of Texas, has also built up a stake in the stock, which represents a total of 7.4% of their total portfolio. Finally Delta Partners Llc, a fund which is based in the state of Massachusetts reported a total holdings of 238,103 shares.
Memorial Resource Development Corp. is an independent natural gas and oil company. The company has a market cap of $2.88 billion. The Firm is focused on the acquisition, exploration and development of natural gas and oil properties. It has 11.1 P/E ratio. The Company’s properties include Cotton Valley, Cotton Valley—Terryville Complex, Other North Louisiana and Rockies.
According to Zacks Investment Research, “Memorial Resource Development Corp. is an independent natural gas and oil company. It is focused on the exploitation, development, and acquisition of natural gas, NGL and oil properties in the United States. The Company operates properties primarily in Eastern Texas and Northern Louisiana. Memorial Resource Development Corp. is based in Houston, Texas.”