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Enter Symbol:
Memorial Production Partners LP (MEMP) [hlAlert]

down 63.27 %

Memorial Production Partners LP (MEMP) rated Buy with price target $22 by Global Hunter Securities

Posted on: Tuesday,  Apr 17, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Memorial Production Partners LP (NASDAQ: MEMP) on 04/17/2012, when the stock price was $18.00.
Since then, Memorial Production Partners LP has lost 63.28% as of 01/22/2016's recent price of $6.61.
If you would have followed this Global Hunter Securities's recommendation on MEMP, you would have lost 63.27% of your investment in 1375 days.

Memorial Production Partners LP focuses on acquiring, developing, producing, and operating oil and natural gas properties in North America. The company?s properties consist of operated working interests in producing and undeveloped leasehold acreage and in identified producing wells, as well as non-operated working interests in producing and undeveloped leasehold acreage in south and east Texas. As of December 31, 2010, it had owned 133,309 gross (112,828 net) acres of developed properties and 11,876 gross (4,501 net) acres of undeveloped properties; interests in 1,290 gross (609 net) producing wells across its properties, with an average working interest of 47%; and total estimated proved reserves of approximately 325 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of the company. Memorial Production Partners LP was founded in 2011 and is based in Houston, Texas.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2012 9:25 AM Buy
18.00 22.00
as of 12/31/2012
1 Week up  4.26 %
1 Month down  -4.24 %
3 Months down  -5.55 %
1 YTD down  -0.88 %

(*) Stock Price at the time of the recommendation.
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