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Memorial Production Partners LP (MEMP) [hlAlert]

Rating:
Buy MEMP
down 63.84 %

Memorial Production Partners LP (MEMP) rated Buy by BofA/Merrill

Posted on: Thursday,  Feb 21, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Memorial Production Partners LP (NASDAQ: MEMP) on 02/21/2013, when the stock price was $18.28. Since
then, Memorial Production Partners LP has lost 63.84% as of 01/22/2016's recent price of $6.61.
If you would have followed this BofA/Merrill's recommendation on MEMP, you would have lost 63.84% of your investment in 1065 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/21/2013 8:25 AM Buy
None
18.28
as of 12/13/2013
1 Week up  3.90 %
1 Month down  -0.76 %
3 Months up  1.76 %
1 YTD up  13.51 %

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