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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:18 EDTMRDMemorial Resource 42.8M share IPO priced at $19.00
The deal size was increased to 42.8M shares from 36M shares and was priced above the $16.00-$19.00 range. Citigroup and Barclays acted as joint book running managers for the offering.
News For MRD From The Last 14 Days
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February 9, 2016
10:00 EDTMRDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Capital Senior Floating (ACSF) downgraded to Market Perform at Keefe Bruyette... American Science & Engineering (ASEI) downgraded to Hold from Buy at Benchmark... ArcelorMittal (MT) downgraded to Neutral from Overweight at JPMorgan... BioCryst (BCRX) downgraded to Hold from Buy at Jefferies... Brixmor (BRX) downgraded to Underperform from Outperform at RBC Capital... Diana Shipping (DSX) downgraded to Neutral from Buy at Clarksons Platou... Eagle Point Credit (ECC) downgraded to Neutral from Buy at Compass Point... Golden Ocean (GOGL) downgraded to Neutral from Buy at Clarksons Platou... Lukoil (LUKOY) downgraded to Hold from Buy at Deutsche Bank... Memorial Resource (MRD) downgraded to Neutral from Overweight at JPMorgan... Navios Maritime (NM) downgraded to Neutral from Buy at Clarksons Platou... Northstar Realty (NRF) downgraded to Market Perform from Outperform at Keefe Bruyette... Plains All American (PAA) downgraded to Neutral from Buy at BofA/Merrill... Plains GP Holdings (PAGP) downgraded to Neutral from Buy at BofA/Merrill... Qualys (QLYS) downgraded to Neutral from Buy at DA Davidson... Quidel (QDEL) downgraded to Hold from Buy at Canaccord... Randgold (GOLD) downgraded to Hold from Buy at Deutsche Bank... Scorpio Bulkers (SALT) downgraded to Neutral from Buy at Clarksons Platou... Tortoise Energy (TYG) downgraded to Hold from Buy at Stifel... Winnebago (WGO) downgraded to Neutral from Buy at Northcoast.
06:14 EDTMRDMemorial Resource downgraded to Neutral from Overweight at JPMorgan
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February 4, 2016
10:01 EDTMRDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
09:14 EDTMRDMemorial Resource downgraded to Hold from Accumulate at Tudor Pickering
February 3, 2016
09:39 EDTMRDMemorial Resource downgraded to Neutral from Buy at Goldman
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February 2, 2016
17:59 EDTMRDMemorial Resource sees FY16 daily average production 390MMcfe/d- 420MMcfe/d
Memorial Resource Development announced 2016 financial and operational guidance. Highlights include: project 2016 daily production to average between 390 to 420 MMcfe/d; represents an approximate 18% increase over 2015's average daily production; expect to operate an average of approximately 4 drilling rigs in 2016; includes development of MRD's recently acquired acreage position by year-end 2016; estimate FY16 D&C capital budget to total approximately $350M; approximately 50% is expected to be spent in the Q1; and flexible capital budget enables MRD to adjust spending levels during the second half 2016 as commodity prices warrant; and capital budget expected to be approximately cash flow neutral.
17:56 EDTMRDMemorial Resource reports Q4 average daily production of 426 MMcfe/d
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January 29, 2016
09:27 EDTMRDMemorial Resource CEO John Weinzierl resigns to focus on Memorial Production
The board of Memorial Resource (MRD) announced that John Weinzierl will resign as CEO and as a member of the board, effective immediately to focus entirely on Memorial Production Partners (MEMP) as its CEO and chairman, positions he has held since 2011. The board has elected Jay Graham, former Co-CEO of WildHorse Resources II, to replace Weinzierl as MRD's CEO. Graham was also elected to the board, filling the vacancy created by Weinzierl.

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