Memorial Resource, June Gas IPO, Gets Bullish Ratings

At least seven investment banks initiated coverage on June IPO Memorial Resource Development (MRD) with buy, or better, ratings, as the U.S. oil and gas industry continues to boom. Memorial Resource is a gas producer, primarily in North Louisiana and East Texas. The company made its initial public offering on June 13 at 19 per share and touched its all-time intraday high of 26.94 on Monday. Memorial Resource shares were up 2.5% in early trading in

You may also like...