Memorial Production Partners LP (NASDAQ:MEMP) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Memorial Production Partners LP (NASDAQ:MEMP) to Strong Sell in a statement released on 10/5/2016.
On 03/21/2016, Citigroup released a statement on Memorial Production Partners LP (NASDAQ:MEMP) dropped the target price from $4.50 to $2.50 that suggested an upside of 0.08%.
Having a price of $1.63, Memorial Production Partners LP (NASDAQ:MEMP) traded -8.24% lower on the day. With the last close down -20.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Memorial Production Partners LP has recorded a 50-day average of $1.76 and a two hundred day average of $1.97. Volume of trade was down over the average, with 348,927 shares of MEMP changing hands under the typical 411,935
With a total market value of $0, Memorial Production Partners LP has with a one year low of $1.34 and a one year high of $6.65 .
More About Memorial Production Partners LP (NASDAQ:MEMP)
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.