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


The leading market experts have placed a mean price target of $17.85 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 $0.15 a share for the upcoming quarter and $0.51 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 $15.23, and stock is trading $-0.02 points away or -0.15% from its 50-day moving average of $15.23. Further it is trading $1.81 or +13.54% away its 200-day moving average of $13.40. 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 $-5.34, it will post a 52-week high. In event of +83.25% 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 N/A.

The stock last ended the trading session at $15.21 and registered a market cap of $2.93B. 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 0.81.

1 Chart Pattern Every Investor Should Know

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