Published On: Wed, Oct 19th, 2016

Memorial Production Partners LP (NASDAQ:MEMP) Latest Broker Coverage


A number of investment brokers have recently updated their price targets on shares of Memorial Production Partners LP (NASDAQ:MEMP).

Most recent broker ratings

03/21/2016 – Memorial Production Partners LP was downgraded to “neutral” by analysts at Citigroup. They now have a USD 2.5 price target on the stock.

02/23/2016 – Memorial Production Partners LP was downgraded to “underperform” by analysts at Bank of America Merrill Lynch. They now have a USD 1 price target on the stock.

02/18/2016 – Memorial Production Partners LP was downgraded to “underperform” by analysts at Wells Fargo.

02/12/2016 – Memorial Production Partners LP was downgraded to “neutral” by analysts at Ladenburg Thalmann.

01/29/2016 – Memorial Production Partners LP had its “outperform” rating reiterated by analysts at FBR Capital Markets. They now have a USD 3.5 price target on the stock.

12/30/2015 – Memorial Production Partners LP was downgraded to “equal-weight” by analysts at Morgan Stanley. They now have a USD 6 price target on the stock.

12/18/2015 – Memorial Production Partners LP had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 1.5 price target on the stock.

11/05/2015 – Memorial Production Partners LP was downgraded to “hold” by analysts at Wunderlich. They now have a USD 5 price target on the stock.

10/27/2015 – Memorial Production Partners LP was downgraded to “sell” by analysts at UBS. They now have a USD 5 price target on the stock.

10/06/2015 – Stifel Nicolaus began new coverage on Memorial Production Partners LP giving the company a “hold” rating.

09/11/2015 – Memorial Production Partners LP was downgraded to “sell” by analysts at Goldman Sachs. They now have a USD 6 price target on the stock.

08/13/2015 – Memorial Production Partners LP was downgraded to “neutral” by analysts at JP Morgan. They now have a USD 11 price target on the stock.

08/07/2015 – Memorial Production Partners LP had its “underperform” rating reiterated by analysts at Oppenheimer.

08/07/2015 – Memorial Production Partners LP was downgraded to “market perform” by analysts at Raymond James. They now have a USD 16 price target on the stock.

08/06/2015 – Memorial Production Partners LP was downgraded to “sector perform” by analysts at RBC Capital. They now have a USD 9 price target on the stock.

The share price of Memorial Production Partners LP (NASDAQ:MEMP) was up +3.45% during the last day of trading, with a day high of 1.50. 354876 shares were traded during the last session.

The stock’s 50 day moving average is 1.69 and its 200 day moving average is 1.94. The stock’s market capitalization is 125.23M. Memorial Production Partners LP has a 52-week low of 1.34 and a 52-week high of 6.30.

Memorial Production Partners LP (the Partnership) owns, acquires and exploits oil and natural gas properties in North America. The Partnership is owned by its limited partners and general partner. Its general partner is responsible for managing all of the Partnership’s operations and activities. The Partnership operates in the acquisition, exploitation, development and production of oil and natural gas properties segment. Its business activities are conducted through Memorial Production Operating LLC (OLLC) and its wholly owned subsidiaries. Its assets consist primarily of producing oil and natural gas properties, and are located in East Texas/Louisiana, Rockies, Offshore Southern California, Permian Basin and South Texas. Most of its oil and natural gas properties are located in oil and natural gas reservoirs with geologic characteristics and production profiles and capital requirements.