Stock To Watch: Memorial Resource Development Corp. (NASDAQ:MRD)


The leading market experts have placed a mean price target of $17.75 on Memorial Resource Development Corp. (NASDAQ:MRD) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.54 for the current fiscal. Technical View The technical analysis of Memorial Resource Development C plainly substantiates that the 50-day moving average of Memorial Resource Development C is $16.08, and stock is hovering 0.47 or +2.93% distant from $16.08. It is noted that the 200-day MA is $13.26, and Memorial Resource Development C stock is $3.29 or +24.84% off from this point. Memorial Resource Development Corp. (NASDAQ:MRD) 52-week high is $20.55 and the 52-week low is $8.30. This explains if the stock moves $-4.00, it will post a 52-week high. In event of $+99.40% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Memorial Resource Development C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Memorial Resource Development Corp. (NASDAQ:MRD) ratio came in at 59.32. The stock last ended the trading session at $16.55 and registered a market cap of $3.19B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Memorial Resource Development Corp. (NASDAQ:MRD) PEG ratio is at 1.16.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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