On 15 December Memorial Resource Development Corp. (NASDAQ:MRD) said its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock. The authorization is effective immediately. Memorial Resource Development Corp. (NASDAQ:MRD) in last trading activity advanced 5.38% to close at $19.00. Company weekly performance is 1.93% while its quarterly performance stands at -26.92%. Memorial Resource Development Corp. (NASDAQ:MRD) is -37.34% away from its 52 week high.
On 8 December ConocoPhillips (NYSE:COP) said that it will cut its capital spending budget by 20 percent next year as the largest independent oil and gas producer looks to pare back in response to falling crude prices. On last trading day ConocoPhillips (NYSE:COP) moved down -0.20% to close at $68.92. Its volatility for the week is 1.63% while volatility for the month is 3.04%. COP’s sales growth for past 5 years was -25.30% and its EPS growth for past 5 years was 21.10%. ConocoPhillips (NYSE:COP) monthly performance is -0.42%.
Zacks reiterated their neutral rating on shares of MeadWestvaco Corporation (NYSE:MWV) in a research report released on Friday morning. Zacks currently has a $47.00 price objective on the stock. MeadWestvaco Corporation (NYSE:MWV) has 0.10% insider ownership while its institutional ownership stands at 86.60%. In last trading activity company’s stock closed at $44.04.
Kadant Inc. (NYSE:KAI) CFO Thomas M. Obrien sold 10,017 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $43.10, for a total value of $431,732.70. Following the completion of the transaction, the chief financial officer now directly owns 9,619 shares in the company, valued at approximately $414,579. On Friday shares of Kadant Inc. (NYSE:KAI) closed at $42.38. Company’s sales growth for last 5 years was 0.90% and EPS growth for next 5 years is recorded as 20.00%.
On 23 December Atlantic Power Corporation (NYSE:AT) announced the appointment of Kevin T. Howell to its Board of Directors. With the addition of Mr. Howell, the Company’s Board of Directors now consists of seven members, six of whom are independent members. Atlantic Power Corporation (NYSE:AT)’s stock closed at $2.77.