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

Strong Buy
down 60.97 %

Memorial Production Partners LP (MEMP) rated Strong Buy by Raymond James

Posted on: Tuesday,  Dec 18, 2012  9:25 AM ET by Raymond James

Raymond James rated Strong Buy Memorial Production Partners LP (NASDAQ: MEMP) on 12/18/2012, when the stock price was $16.94.
Since then, Memorial Production Partners LP has lost 60.98% as of 01/22/2016's recent price of $6.61.
If you would have followed this Raymond James's recommendation on MEMP, you would have lost 60.97% of your investment in 1130 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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2012 9:25 AM Buy
as of 12/31/2012
1 Week up  4.26 %
1 Month up  5.31 %
3 Months   
1 YTD up  5.31 %

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