Memorial Production Partners LP (NASDAQ:MEMP) registered a 3.87% increase, still its new closing price is 49.92% up from the company’s 1 year high of 3.10.It posted -0.06% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 3 stock analysts following this company have an average price target at $1.23, with individual PT in the $0.50-$2.50 range. The shares moved at $0.18, implying that brokerage firms see shares losing about -92.85% in twelve months time.
Memorial Production Partners LP (MEMP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 49.92% rise year to date. Memorial Production Partners LP (MEMP) offloaded shares in a transaction closed on Tuesday May 19, 2015. MRD Holdco LLC sold 190,514 shares in the company at $15 each and collected $2,857,001 in proceeds. MRD Holdco LLC now owns 0 shares in the company after this transaction. MRD Holdco LLC, disclosed a transaction on Monday April 20, 2015 that ended up generating $8,689,000 from the sale of 508,735 shares at $17.08 per share.
Memorial Production Partners LP (NASDAQ:MEMP) Upcoming Results on Tap
Memorial Production Partners LP will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.06 in that period. Sales during the quarter are predicted to arrive at $73.2 million.
Earnings surprise history: Last quarter, the company posted approximately $74.22 million in revenue and EPS of $-0.39. The mean forecast was for $111.07 million and $-0.06 a share, respectively. One quarter earlier, revenue for the stock was at $68.07 million, with earnings at $-2.32/share.
Memorial Production Partners LP (MEMP) Brokerage Update
Memorial Production Partners LP (MEMP) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Hold by Stifel, according to news reported on Monday October 31, 2016.Another important research note was issued by FBR & Co. on Monday October 31, 2016.The firm downgraded MEMP to Mkt Perform from Outperform. Over the last six months and over the last three months, the shares of Memorial Production Partners LP (MEMP), have changed -86.77% and -67.87%, respectively.