Memorial Resource Development Corp (NYSE:MRD) will be posting its quarterly earnings results before the market opens on Monday, February 1st. Analysts expect Memorial Resource Development Corp to post earnings of $0.10 per share for the quarter.

Memorial Resource Development Corp (NYSE:MRD) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. On average, analysts expect Memorial Resource Development Corp to post $0.37 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.

Shares of Memorial Resource Development Corp (NYSE:MRD) opened at 14.43 on Thursday. The firm has a market cap of $2.78 billion and a PE ratio of 11.31. Memorial Resource Development Corp has a 52-week low of $12.01 and a 52-week high of $21.57. The company’s 50-day moving average price is $14.67 and its 200-day moving average price is $16.95.

Several research analysts have issued reports on MRD shares. Barclays reduced their price objective on Memorial Resource Development Corp from $23.00 to $21.00 in a report on Tuesday, December 8th. Citigroup Inc. upped their price objective on Memorial Resource Development Corp from $23.00 to $25.00 in a report on Friday, October 16th. KLR Group reduced their price objective on Memorial Resource Development Corp from $30.00 to $29.00 in a report on Thursday, October 15th. SunTrust reduced their price objective on Memorial Resource Development Corp from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Finally, Goldman Sachs raised Memorial Resource Development Corp from a “neutral” rating to a “buy” rating and increased their price target for the company from $20.00 to $23.00 in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Memorial Resource Development Corp presently has a consensus rating of “Buy” and an average target price of $25.17.

Memorial Resource Development Corp. is an independent natural gas and oil company. The Company is focused on the acquisition, exploration and development of natural gas and oil properties. Its properties include Cotton Valley, Cotton Valley—Terryville Complex, Other North Louisiana and Rockies. It operates in two segments: MRD, which reflects the combined operations of the Company, MRD Operating LLC (NYSE:MRD), Memorial Resource Development LLC (MRD LLC), WildHorse Resources and its previous owners, Classic Hydrocarbons Holdings, L.P. (Classic) and Classic Hydrocarbons GP Co., L.L.C. (Classic GP), Black Diamond Minerals, LLC (Black Diamond), BlueStone Natural Resources Holdings, LLC (BlueStone), Beta Operating Company, LLC (Beta Operating) and Memorial Production Partners GP LLC (MEMP GP); and MEMP, which reflects the combined operations of Memorial Production Partners LP (MEMP), its previous owners, and dropdown transactions occurred between MEMP and MRD LLC subsidiaries.

12 Month Chart for NYSE:MRD

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